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Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)
Markets, Weather

Crop, livestock prices offset reduced marketings in 2022

StatCan data on farm cash receipts tracks recovery off 2021 drought

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New full-year data on Canada’s farm cash receipts in calendar 2022 show how increased commodity prices last year more than offset the drop in quantities sold. Statistics Canada on Tuesday released figures showing Canadian farm cash receipts in 2022 at $94.9 billion, up 14.1 per cent from 2021, including crop receipts of $53.9 billion (also
“... we can use RNAi technologies as a solution to improve global food security.” – Mark Belmonte, University of Manitoba.
Crops, News

Genetic attack cutting edge of sclerotinia fight

Hacking messenger RNA can prevent fungal disease from propagating

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Most pesticides work by getting into a cell and disrupting its working parts or pathways. By applying the right chemistry at the right time you can shut down a pathogen’s engine and bring it to a stop. But despite all the available chemistry, sclerotinia always finds a way to keep driving around untouched. Mark Belmonte,
Clubroot will likely be found in RMs in 2023 where it has yet to be detected, predicts David Kaminski, field crop pathologist.
Crops

Crop diseases to watch for in 2023

Some pathogens are expected to be on the rise this coming year

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The apparent transition into a wetter period means different diseases to watch out for, says David Kaminski, field crop pathologist with Manitoba Agriculture. Kaminski was speaking at the CropConnect conference in Winnipeg on February 15. Two crops dominate Manitoba’s agricultural landscape. Wheat and canola account for 70 per cent of the annual crop acres in
A dried-out corn crop sits next to cotton that was planted into a dried-out cornfield, amid Argentina’s worst drought in 60 years, at Tostado in the country’s northern Santa Fe province, on Feb. 8.
Grain Markets, Markets

Canola, soybean markets await any news

Oilseed values remain within general ranges

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North American grain and oilseed futures were looking for direction in mid-February, with little news to pull values too far one way or the other. ICE Futures canola contracts drifted lower before recovering most of those losses, remaining rangebound overall. Soyoil futures in Chicago find themselves in a downtrend, but meal remains pointed higher and
ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Rising canola market runs into resistance

Resistance seen around $835, support around $820

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MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but ran into some resistance to the upside as values held rangebound overall. “Technicals, short-covering, fund buying and a lack of selling,” were all providing support during the week along with spillover from advances in Chicago soyoil, according to Jamie Wilton of
(Dave Bedard photo)
Crops, Markets

AAFC revises crop estimates

Export, new-crop production outlooks revised lower for flax

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MarketsFarm — Agriculture and Agri-Food Canada (AAFC) on Friday released its February supply and demand estimates with numerous small changes. AAFC held its projections for 2022-23 grains and oilseeds production at 89.489 million tonnes. As for exports, the department reduced them from 45.715 million tonnes last month to now 45.49 million. Furthermore, domestic usage was
The MKK1, a Palau-flagged bulker carrying grain under the United Nations’ Black Sea grain initiative, is towed free after running aground in the Bosphorus strait near Istanbul on Jan. 16. The grain initiative is next set to expire in mid-March.
Grain Markets, Markets

Wheat market waits for a lift

Circumstances seem to be setting up for a positive price breakthrough

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There was little to find in terms of surprises within the U.S. Department of Agriculture’s (USDA) monthly supply/demand estimates released on Feb. 8 — and even less so with wheat. Ending stocks for U.S. wheat were projected at 568 million bushels, only one million more than in USDA’s January report and right between the low
ICE March 2023 canola with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola drifting lower

Near-record soy still expected from South America

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MarketsFarm — ICE Futures canola contracts drifted lower during the week ended Wednesday, although values remained rangebound overall. “The market is maybe coming to the realization that we still have near-record South American (soybean) supplies on hand,” Ken Ball of PI Financial in Winnipeg said of the downtrend. While Argentina has suffered crop losses from
Brazil’s soybean crop this year is expected to more than offset any drought-reduced yields in neighbouring Argentina.
Grain Markets, Markets

No breakout for rangebound canola for now

New StatCan and USDA data aren’t expected to offer much impetus

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There is likely nothing substantial over the next few months that could break canola and other vegetable oils out of their rangebound state. Canola, for instance, continued to vacillate between $800 and $850 per tonne during the week ended Feb. 2. In recent weeks the Canadian oilseed has pushed towards $900/tonne, its upper level of
ICE March 2023 canola with 20-day moving average (yellow line, right column) and Canadian dollar value in U.S. dollars (red line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: March canola unchanged from last week

Loonie's relative strength seen as drag on values

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MarketsFarm — The ICE Futures canola market was once again trading rangebound for the week ended Wednesday, as the March contract was left unchanged from one week earlier at $828.20. The contract oscillated between a range of $819.40 and $837 per tonne during the week, all the while seemingly immune from larger price ranges seen

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