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(Kraig Scarbinsky/DigitalVision/Getty Images)
Grain Markets, Markets

Expert’s Radar: Diet choices fuel demands

Despite falling production, oat and flax prices haven’t taken off

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A bowl of Cheerios doused in oat milk is a popular breakfast option in my house. A quick granola bar when in a rush is also a common choice. The neighbourhood coffee shop proudly advertises that pumpkin spice lattes can be had with oat milk, which was all but unheard of only a few years
(Brett Holmes Photography/iStock/Getty Images)
Crops, Markets

Few surprises in StatCan report, analyst says

Downward revision on canola among those few

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MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be
Photo: Thinkstock
Markets

ICE weekly outlook: canola market heading towards choppy waters 

Markets will pause to see how the crops finish developing: analyst

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Marketsfarm – While the recent gains in canola on the Intercontinental Exchange were likely generated by the spreaders, the market will probably become choppy, according to Ken Ball, trader with PI Financial in Winnipeg, Man.  “Spreaders for the last few days have been selling canola and buying soyoil,” Ball suggested in a July 26 interview,
Crop conditions in parts of western Saskatchewan have already dropped into crop insurance range, Burce Burnett says. (WeatherFarm video screengrab)
Crops, Markets, Weather

At Ag in Motion: Significant Prairie yield drop expected

'A lot of damage done' by drought, Bruce Burnett says

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MarketsFarm has released its first yield estimates for Western Canada’s crops and the outlook is grim. Analyst Bruce Burnett just recently completed a crop tour covering most of Saskatchewan. “Unfortunately, I don’t have a lot of good news on the crop front,” he told growers attending the Ag in Motion show in Langham, Sask. “There
Photo: Thinkstock
Markets

ICE weekly outlook: C$900 per tonne in reach for canola 

Black Sea deal's end, Russian attack on Odesa, pushing all prices up

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MarketsFarm – Sporadic rainfall across the Prairies has not been enough to stop canola’s upward momentum during the week ended July 19, while a pair of other factors are fueling the oilseed’s rise.  The November canola contract went from settling below the C$800 per tonne mark (C$797.50/tonne) on July 12 to exceeding the C$850 mark
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola climbs on weather worries

Demand rationing also seen as supportive

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MarketsFarm — The ICE Futures canola market moved steadily higher during the week ended Wednesday, hitting its strongest levels in more than four months as bullish chart signals and production uncertainty across the Prairies provided support. A bearish reaction in the Chicago soy complex to the latest supply/demand estimates (WASDE) from the U.S. Department of
File photo of a southern Alberta field as spring approaches. (BrendanHunter/iStock/Getty Images)
Crops, Weather

Prairie soil moisture picture growing clearer

Alberta driest; Saskatchewan variable; Manitoba mostly OK

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It’s a variable soil moisture picture on the Prairies as seeding season draws nearer. The east has enough moisture — and in some cases too much. And it gets progressively drier toward the west, with portions of Alberta nearing critical condition, according to one weather watcher. Bruce Burnett, weather and markets director for the MarketsFarm
A tight stocks situation is being exacerbated by drought in key production regions.
Grain Markets, News

Volatility continues to drive markets

Markets a bit ‘bipolar’, senior market analyst says

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The volatile year for agriculture markets is unlikely to abate, says Mike Jubinville, senior market analyst with MarketsFarm Pro. “I look at these markets as bipolar in some cases,” says Jubinville. “On one hand, the macroeconomics have potentially bearish demand implications as fears of a recessionary environment take hold. But on the other hand, we

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