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CBOT May 2021 soybeans with 20- and 50-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy, corn limit-up on planting intentions

USDA acreage data provides lift; wheat also higher

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Chicago | Reuters — Chicago soybean and corn futures surged by their daily trading limits on Wednesday after the U.S. Agriculture Department released smaller-than-expected U.S. planting intentions. Wheat followed higher, despite USDA’s higher-than-expected quarterly grain stocks. The most-active soybean futures contract on the Chicago Board of Trade (CBOT) added 70 cents to $14.36-3/4 per bushel,
Oats. (Doug Wilson photo courtesy ARS/USDA)
Crops, Markets

Oats riding high with other crops

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MarketsFarm — Increased demand, both domestically and overseas, has caused the price of oats grown in Western Canada to rise compared to last year. And so far, seeding projections and rising prices for other crops suggest the market for oats won’t go down anytime soon. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids
(Photo courtesy Canary Seed Development Commission of Saskatchewan)
Crops, Other

Canary seed competing with other crops on the rise

'There's a fight for acreage'

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MarketsFarm — During the fall of 2020, canary seed crossed above the 30 cents per pound mark — where it’s currently staying. And those who work with the crop expect its price to remain above that mark this year. David Nobbs, pulse merchant for Purely Canada Foods at Saskatoon and former chair of the Canary
MGEX December 2020 wheat (candlesticks) compared against CBOT December 2020 wheat (orange line). (Barchart)
Crops, Markets, Weather

CBOT weekly outlook: Export demand supports wheat, soy

Lower U.S. dollar also supportive

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MarketsFarm — Strong global demand, paired with concerns of dry growing conditions in key regions, has spurred U.S. wheat prices higher. “Some countries are getting nervous with the persistent dryness in several regions, which could reduce the supply of quality global wheat,” said Terry Reilly of Futures International in Chicago. Dry growing conditions in Ukraine,
Fall rye flowering in south-central Manitoba. (Allan Dawson photo)
Crops, Weather

Manitoba winter wheat, fall rye seeding deadlines extended

MASC spots growers an extra two weeks

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Manitoba’s provincial crop insurance agency will spot growers of fall rye and winter wheat an extra couple of weeks to get insurable crops in the ground. Manitoba Agricultural Services Corp. (MASC) announced Tuesday that growers can get full coverage on winter wheat or fall rye seeded from Aug. 15 to Sept. 25, and reduced coverage
A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Crops, Markets

Feed weekly outlook: Belated new crop props up barley

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MarketsFarm — Delayed spring seeding means new-crop feed barley has a few more weeks left in the field, which is keeping old-crop prices strong into summertime. “We were expecting new-crop barley in the end of July, but with the later seeding date this year we’re not expecting to see new crop until at least mid-
(Dave Bedard photo)
Crops, Markets, Weather

Attention turns to yield potential after StatsCan report

Future tweaks to acreage numbers seen as unlikely to sway markets

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MarketsFarm — Updated acreage estimates from Statistics Canada came largely within market expectations, with the focus now shifting to growing conditions and yield potential. The survey was completed in early June “and may not have captured all of the seeding delays and potential shifts that may have happened in central/northern Alberta and northwestern Saskatchewan because
A field in the Interlake, May 23. Some fields in Manitoba are in need of rain while others have been so wet they've sunk equipment up to the axles in mud.
Crops, News

A tale of two springs

This spring has created a sharp divide with some producers wrapping up, while others have been stuck

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Growers would greet a rainfall very differently right now, depending on where they are in the province. For producers in the southeast and the eastern stretches of central Manitoba, rain is probably a welcome sight with crops in the ground and little precipitation so far this spring. Others, who have watched equipment sink down to

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