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Statistics Canada is set to publish its principal field crop areas report on March 11. That will provide a better idea of what farmers are planning to sow in 2024.
Grain Markets, Markets

Lane change from downhill to bumpy road

StatCan’s March 11 report will signal seeding intentions for 2024

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As February winds down, canola has altered its course. Instead of the dreary downward trend that gave little joy, the oilseed is headed toward a bumpy road. Like frost boils and potholes marking roads throughout the Prairies, canola began facing a future of ups and downs last week. While the Intercontinental Exchange saw a short-lived
frost on soybeans
Grain Markets, Markets

Do canola and soy need relationship counselling?

Expert's Radar: Watching the interplay of influences can keep your marketing plan from divorcing reality

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In any relationship, the actions of one party have an influence on the other, and the space between two objects is sometimes as important as the objects themselves. Nowhere is this more true than in grain markets. Old/new crop spread The spread, or difference between two futures months of the same commodity, can provide insight
Festive spirit misses grain markets
Grain Markets, Markets

Festive spirit misses grain markets

Expert’s Radar: While Brazil buzzed with Carnival, estimates discouraged grain and oilseed markets

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Brazilians were enjoying their most popular holiday of the year as this column went to print, celebrating Carnival with parties, parades, music, samba dancing and an all-around good time. Farmers there hopefully had a chance to partake in the festivities but were likely busy on their fields as well. Soybeans Brazil is the world’s largest
Rising temperatures mean rising cattle numbers at auction marts
Grain Markets, Markets

Rising temperatures mean rising cattle numbers at auction marts

Temperature spike causes muddy pens, early breakup and animals thrown off feed

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The number of cattle going through Manitoba cattle auction sites continued to increase during the week ended Feb. 1. Two weeks after frigid temperatures kept many buyers and sellers at home, warmer-than-normal temperatures to end January attracted more than 1,000 animals to the weekly sales at every site except Winnipeg Livestock Sales. In total, 11,580
Less pressure on canola from South American soybeans
Grain Markets, Markets

Less pressure on canola from South American soybeans

It’s now a wait-and-see game on the Latin American harvest

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The huge South American soybean crop weighing on North American oilseed values has become something of a question mark. The Brazil soybean harvest is well underway and reduced yields indicate the once promising crop of more than 160 million tonnes will almost certainly be less than 150 million tonnes. A dry northern half of Brazil
Canola swaths in southern Saskatchewan, August 2023.
Grain Markets, Markets

It’s the little details in DIY, and in canola markets

There can often be lots of small parts to keep track of

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My ‘ancient’ five-year-old smartphone works perfectly fine for everything I need it to do, but the battery stopped holding a charge for more than a few hours. Faced with a $100 service charge for replacing the battery or the option of doing it myself for $20, I opted for the latter. The new battery I
In the U.S. the seasonal ‘battle for acres’ between soybeans and corn could be heating up.
Grain Markets, Markets

Mixed activity in grain markets

From Latin American harvest to AAFC estimates, many factors affected markets

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Activity was mixed in the North American grain and oilseed markets during the last full week of January, as traders were busy looking for direction from South America, where Brazil was in its early stages of harvesting its soybean crop and seeding its next corn crop. The looming influx of recently harvested Brazilian soybeans may
Not much excitement in canola markets
Grain Markets, Markets

Not much excitement in canola markets

There’s not much moving canola either up or down these days

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There’s simply not much of an upside to canola futures right now. At best, the oilseed is destined to remain rangebound, perhaps until the trade has a good handle on what spring planting on the Canadian Prairies could be like. Another idea is canola will shift back and forth until the United States Department of
Canola market a wild toboggan ride
Grain Markets, Markets

Canola market a wild toboggan ride

Expert's Radar: Up, down or sideways? A childhood memory gives insight

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When I was 10 years old, my family lived for a year in a small community on the Labrador coast. Our house was halfway up the side of a hill and you could ride a sled from our front door down to the Atlantic Ocean, which was amazing for a Prairie boy like me. The

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