Canola futures see downward price action

Canola futures on the ICE Canada platform experienced some weakness during the week ended November 9 with the bearishly construed USDA supply-demand balance tables for soybeans encouraging some of the downward price action. A larger-than-anticipated U.S. soyoil ending stocks estimate from the USDA added to the bearish sentiment in canola. The unloading of positions by

Drought repercussions will weigh on livestock sector for months to come

Low protein in soymeal and higher toxin levels in distillers grains add new challenges for pig, poultry and cattle feeders


Reuters / The repercussions of this year’s drought across the U.S. Midwest will likely continue to affect the livestock feeding industry for many months to come. Drought not only impacted the quantity of crops produced but also quality, leading to abnormally low protein content in soybeans and higher-than-usual toxin levels in corn that stand to


AAFC lowers pulse and special crop forecasts

Production estimates for Canada’s major pulse and special crops were mostly lower compared to the previous month, according to updated supply-demand tables released by Agriculture and Agri-Food Canada’s Market Analysis Division on Oct. 18. Dry pea, dry bean, mustard seed and canaryseed production numbers for the 2012-13 crop year were all lowered from the Sept.

Flooding delays Argentine soy planting

Reuters / Floods have severely delayed Argentine soy planting at a time when consumer nations are counting on the country to help control soaring grains prices by replenishing supplies. “Soy planting has begun, although with severe and continuous interruptions,” the Buenos Aires Grains Exchange said in its weekly crop report. Only two per cent of


Soy in the wheat flour? Soy what?

Most wheat and wheat-derived food products sold in Canadian grocery stores today contain soy that is undeclared on the label. Yes, you read that right. Because of farming operations with common storage facilities, and shared harvesting and transportation equipment, most wheat products contain detectable levels of soy. This contamination is adventitious and largely unavoidable with

U.S. corn harvest on record pace, soy lagging

Reuters / U.S. corn harvest was a record 87 per cent complete and farmers had finished 80 per cent of soybean harvest as of Sunday, Oct. 21 according to a U.S. Agriculture Department report issued on Monday, but the tail end of their combining efforts was expected to be slow due to rain. Analysts had


USDA says drought losses not as bad as first feared

washington / reuters / The searing U.S. drought has done less damage than feared to the nation’s corn crop, and worldwide supplies of wheat, corn and soybeans are fairly stable despite harsh weather in North America and Europe, according to the USDA. The U.S. corn crop would be the smallest in six years and the

Harvest continues, but it’s getting dry out there

Weekly Provincial Summary  Warm, dry conditions across most of Manitoba allowed for excellent harvest progress.  Most areas of Manitoba reported frost events throughout the week; few reports of crop damage were received. The exception is the Interlake Region where some acres were impacted and crop assessments are underway.  Strong winds in some areas of Manitoba



Wetter outlook for drought-struck Midwest

chicago / reuters Forecasts were for wetter weather in the U.S. Midwest this week, which will help the late-planted soybean crop but arrive too late to be of benefit to the drought-stressed corn crop, an agricultural meteorologist said. The region was expected to get half to one inch of rain Aug. 8 and 9. “Previously