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File photo of idled equipment in drought conditions on a farm in New South Wales, Australia. (f.ield_of_vision/iStock/Getty Images)
Crops, Markets, Weather

Australian crop estimates adjusted slightly lower

Crop seen down 34 per cent from last year

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MarketsFarm — Total 2023-24 winter crop production in Australia, at an estimated 45.2 million tonnes, is expected to be 34 per cent off the record highs hit last year but slightly above the June forecast as upward revisions to canola and barley counter a downward revision to the wheat number, according to the latest crop
A crop scout walks a soybean field in Allen County in northeastern Indiana on Aug. 19, 2019, during the Pro Farmer Midwest Crop Tour.
Grain Markets, Markets

Soy’s struggles could be canola’s gain

Expectations for U.S. soybean carryout may tighten further

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The main part of harvest is set to begin for canola, so you might think the influx of new crop into the market would cause prices to come down. But like any good friend, soyoil is there to give canola prices a pick-me-up. While the ICE futures November canola contract and October Chicago soyoil went
ICE November 2023 canola with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Harvest pressure, farmer selling to guide canola

New StatCan figures 'right around expectations'

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MarketsFarm — Any fanfare from the long-awaited production estimates from Statistics Canada released on Tuesday was gone by the next day. ICE canola futures initially jumped by double digits that morning, but throughout that session the gains faded. By the end of Wednesday’s session, canola was down. “The StatCan report came in right around expectations.
(File photo by Dave Bedard)
Crops, Markets

Canada to harvest less wheat than expected due to drought

Canola, barley, oats output also projected lower

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Winnipeg | Reuters — Canadian farmers will harvest less wheat than expected after dry conditions in parts of the Prairie provinces shrunk yields, a government report showed on Tuesday. Drought is expected to send global wheat stockpiles for major exporters to the lowest levels in more than a decade, a Reuters analysis has shown. Canada
Harvest watch continues
Grain Markets, Markets

Harvest watch continues

Expert’s Radar: After an extremely variable growing season, nobody’s quite sure where production will be

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Harvest is ongoing just about everywhere — the three oak trees on my front yard grew a good crop of acorns this year, with the pitter-patter of falling acorns and chirping of squirrels becoming a near constant sound. The sheer number of squirrels scrambling to bring food for the winter is impressive to say the
(Viterra.ca)
Crops, Markets

Increases seen in most July grain deliveries

Oats deliveries more than double, canola near double

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MarketsFarm — Most July deliveries of major grains in the country were higher than those from the same period a year ago, Statistics Canada reported Thursday. Total grain deliveries this past month tallied 4.056 million tonnes for a jump of 43.8 per cent over the previous July. All wheat came in at 2.186 million tonnes,
(Richardson International video screengrab via YouTube)
Crops, Markets

July canola crush sets new records

Soybean crush down slightly from last July

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MarketsFarm — Statistics Canada reported very sizeable increases in the July canola crush when compared to a year ago. In fact, the month’s crush was not only a record for July but also for any month. Meanwhile, StatCan found the July soybean crush was slightly lower than in July 2022. The federal agency pegged the
As combines roll across the province, the expected highly variable yield picture is emerging.
Crops, News

Variable moisture, variable yields as harvest in Manitoba begins

Early reports say spring wheat crops are rated mostly fair to good; some producers report below-average or average yields

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Variability was the name of the game as spring wheat harvest began in the third week of August. “This is the most variable I can remember,” said Clayton Harder. He has fields around the north side of Winnipeg and said he has soybeans that are ankle high and others that are waist high. One field
Hefty U.S. soybean crush propels Canadian canola upward
Grain Markets, Markets

Hefty U.S. soybean crush propels Canadian canola upward

Despite rising with soy, traders say canola is still too cheap

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The aggressive use of soybeans in the United States for biofuel production was squarely behind the sharp upticks in canola prices for the week ended Aug. 17 on the Intercontinental Exchange. The U.S. National Oilseed Processors Association released its monthly report on Aug. 15, showing 173.3 million bushels of soybeans were crushed in July. Not
“Pods can look dramatically different, either riper or less ripe, than the actual seeds, so we need to be cracking open those pods and looking at the seeds.” Photo: Greg Berg
Crops, Markets

ICE weekly outlook: Canola following soyoil’s lead

Stat Can's principal field crop estimates will be released on Aug. 29, may affect prices

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MarketsFarm – The November canola contract rose above the C$800 per tonne mark for the first time in nearly a month during the week ended Aug. 23. However, it wasn’t without some turbulence over the last two days of trading. On Aug. 22, the November contract lost C$13.40 per tonne to close at $796.00, before

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