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CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans rally as crop conditions drop, soyoil prices rise

Hot weather forecast for heart of Midwest farm belt

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Chicago | Reuters — U.S. soybean futures rallied on Tuesday on eroding Midwest crop conditions and improving export demand, and as soyoil prices rose another three per cent amid further gains in crude oil markets. Corn futures also climbed on deteriorating crop conditions across the heart of the farm belt. Wheat ended lower, though spillover
Crop Report, Crops, News

Rains come too late for cereals, canola, but could benefit soy, corn, potato growers

Manitoba Crop Report and Crop Weather report for August 24

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Southwest Region  Thunderstorms and widespread rain events the past seven days over much of the Southwest region brought significant moisture, between 60 to 117 mm rain. These rains will not have much impact on crop yields, but some potato, corn, sunflower and a few soybean crops will still benefit, and recharge soil water reserves.  Harvest
Fall rye (right) shows more vigorous early-spring growth compared to winter wheat (left), which needs more heat to start growing.
Crops

Weighing your options for winter cereal crops

Manitoba is still in a state of drought as winter cereal seeding season approaches, but in some ways, that’s increasing interest

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Planting into dust, in a drought year, may have some producers questioning the possibility of success, but cereal experts have shown some optimism over the future of winter cereals this season. Why it matters: The province is dry, but the urge to get the most out of water-use efficiency, or ease the feed strain for
Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets

Tax, competition expected to prolong Russian wheat export season

Tax complicates forward sales for exporters

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Moscow | Reuters — Exports of Russian wheat will stretch well into the second half of the season as Moscow’s export tax and tough competition with Ukraine and Romania slow sales until the end of 2021, traders and analysts said. Russia, the world’s largest exporter of wheat, generally sells most of its crop during the
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soybeans, wheat gain in commodities rebound

Biofuel worries cap corn

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Chicago | Reuters — U.S. soybean futures firmed on Monday in a modest recovery from last week’s two-month low as crude oil markets rebounded and lifted soyoil prices more than three per cent, traders said. Wheat also gained as the U.S. dollar softened and as weekly export inspections topped trade expectations. Corn was flat to
Sergio Rocha, executive director of a cannabis cultivation research project, works in a greenhouse at Brazil’s Federal University of Vicosa on Aug. 18, 2021. (Photo: Reuters/Washington Alves)
Crops

Cannabis firms catch whiff of opportunity in Brazil

Canadian producers among those now supplying Brazilian market

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Sao Paulo | Reuters — International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop. Major producers such as Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Big jump for durum

U.S. futures, lower loonie supportive for cash wheat bids

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MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were higher for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while there were sharp increases for Canada Western Amber Durum (CWAD). Gains in U.S. wheat markets supported values, as did a steep drop for the Canadian dollar. Average
CBOT December 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Weather

U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries

CBOT, MGEX December wheats also down

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Chicago | Reuters –– U.S. soybean futures fell to their lowest in nearly two months on Friday and corn set a near one-month low on macroeconomic concerns along with beneficial rains in the western Midwest and Plains, analysts said. Soyoil futures fell more than five per cent on reports that the U.S. Environmental Protection Agency
“We’re going to see something similar to what we saw last year and other years where the asking price might be 12.5 cents, but the market will only be able to bear somewhat less than that price, and if that happens, then we’re going to continue to see a reduction in the number of cattle that are being overwintered.” – John McGregor, MFGA.
Forages, News

Little relief expected from second cut hay

Hay will cost producers a pretty penny, what little there is

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If producers were hoping the second cut might take the sting out of Manitoba’s feed crisis, they’ll be disappointed. Conditions vary, according to Carson Callum, general manager of the Manitoba Beef Producers (MBP), but anecdotes suggest that second cut will be “very poor or non-existent,” depending on region. Why it matters: With all the stressors

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