(Getty Images)

Ontario extends deadline to lock in RMP coverage

Final date to secure coverage moved to June 30

Grain and oilseed growers and cattle, hog, sheep and veal producers in Ontario now get until June 30 this year to secure coverage under that province’s Risk Management Program (RMP). The province on May 29 announced the deadlines for grain and oilseed producers to submit their completed RMP applications and make any coverage changes —

J.P. Morgan’s estimate puts the market cap of a combined Bunge and Viterra at around US$25 billion.

Bunge, Viterra merger would create global ag trading giant

Companies have some overlap in Canadian crushing

Reuters — A merger of U.S. grains merchant Bunge Ltd. with rival Viterra would grow the combined entity’s businesses in the U.S., Brazil and Australia and may raise competition concerns in parts of Canada and Argentina, where key oilseed processing assets overlap, analysts said. Sources last week said Bunge and Viterra were in talks for


(Dave Bedard photo)

Spring planting expected complete by week’s end

Manitoba Crop Report, Issue 3 (Week 22)

Precipitation was variable across agro–Manitoba from May 22 to 28 with values ranging from 0 to 41.7 mm. The Northwest and Southwest regions received the highest amounts of precipitation over the past seven days. Climate normals for total accumulated precipitation from May 1 to May 28 range from 31.6 to 58.3 mm and are based

ICE November 2023 canola with Bollinger bands (20,2) and July 2023 canola (green line). (Barchart)

ICE weekly outlook: Don’t bank on $700 canola, analyst suggests

Fresh bullish news not yet in view

MarketsFarm — New-crop canola prices on ICE Futures seemed to be destined to remain well below $700 per tonne, according to analyst Errol Anderson of ProMarket Communications in Calgary. “The market tends to be back where it came from,” Anderson said, stressing that chances of canola pushing higher requires fresh bullish news. “It’s got to


Figure 1: Seeding progression in 2023 compared to previous years.

Seeding progress behind five-year average, soybean, canola seen lagging

Manitoba Crop Report: Issue 1 (week 20)

Weekly Provincial Summary  Precipitation was variable across agro–Manitoba from May 8 to 14 with values ranging from 0 to 48.9 mm. Mid-week rains brought the highest observed precipitation to the Northwest and Southwest regions. Climate normals for total accumulated precipitation from May 1 to May 14 range from 13.1 to 29.2 mm and are based

(Qingwa/iStock/Getty Images)

CBOT weekly outlook: Traders, analysts anticipate WASDE report

El Nino also worth watching longer-term

MarketsFarm — While traders and analysts continue to keep an eye on weather conditions, their collective focus will momentarily shift on Friday when the U.S. Department of Agriculture (USDA) releases its monthly world agricultural supply/demand estimates (WASDE). This month’s report will be highly significant as it will announce the first U.S. crop production estimates for


ICE July 2023 canola with 20- and 50-day moving averages. (Barchart)

ICE weekly outlook: Canola showing independent strength

Prairie weather uncertainty supportive

MarketsFarm — ICE Futures’ canola market saw some independent strength relative to other oilseeds during the week ended Wednesday, as speculative positioning and the need to ration tight old-crop supplies provided support. Canadian canola stocks as of March 31 were pegged at 5.95 million tonnes by Statistics Canada in a report released Tuesday. That was

File photo of a canola field in northern France’s Normandy region. (Brasil2/iStock/Getty Images)

Rapeseed production expected down in EU

USDA attache sees more soy, sunflower

MarketsFarm — Rapeseed production in the European Union (EU) is expected to see a small decrease in the 2023-24 marketing year, according to the U.S. Department of Agriculture’s (USDA) European Union attaché in Vienna. In a Global Agricultural Information Network (GAIN) report released Wednesday, the EU’s 2023-24 rapeseed crop is expected to total 19.3 million


EU expects oilseed output to hit record high in 2023-24

The European Commission expects 2023-24 oilseed crops to increase by seven per cent from the previous year to a record 33.6 million tonnes, mainly because of a larger area sown, it said March 30. In its short-term outlook, the EU executive said that attractive prices during the sowing period and mild conditions during winter had

ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola continues its collapse

Limited demand, more farmer selling seen

MarketsFarm — After losing $62 per tonne the week before, the May contract on the ICE Futures canola market extended its losses for the week ended Wednesday with little relief on the horizon. Winnipeg-based trader Jerry Klassen of Resilient Commodity Analysis said the massive selloff is the result of farmers realizing there wouldn’t be a