CBOT July 2020 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn, soybeans drift lower on favourable crop prospects

CBOT July wheat up on short-covering

Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as generally favourable U.S. Midwest crop weather bolstered expectations for large harvests, analysts said. “We just don’t have enough demand … to overcome the good growing conditions that are seen across the Midwest,” said Brian Hoops, president of Midwest Market Solutions. So



Ellis Seeds burns an unharvested flax field near Wawanesa this spring after quality samples deemed it not worth harvesting.

Cold spring keeps a tight leash on seeding

Farmers are bemoaning the late start to seeding, on top of the issues carried over from last fall

Farmers across Manitoba were ready to hit the field by early May, but Mother Nature wasn’t co-operating. Cold temperatures delayed seeding across the province through the first part of May. According to the first Manitoba crop report May 5, producers had only managed a “piecemeal approach” to seeding at that point. Why it matters: Farmers


ICE July canola with 20- and 100-day moving averages and CBOT July 2020 soyoil (blue line). (Barchart)

ICE weekly outlook: Canola steady at midweek

Spring seeding more or less underway

MarketsFarm — After showing considerable strength in prior trading sessions, canola contracts were either side of unchanged at midweek. David Derwin of P.I. Financial in Winnipeg said canola was holding steady in comparison to other vegetable oils. “There’s general weakness in other markets, but canola hasn’t had too much of a move,” he said. Considerable



Ukraine 2020 spring grain sowing one-third complete — ministry

Ukrainian farmers have sown 4.8 million hectares of spring grains as of April 16 or 32 per cent of the expected area of 15.3 million hectares, the Ministry for Development of Economy, Trade and Agriculture said on April 17. The sown area included 872,700 hec­tares of barley, 115,500 hectares of spring wheat and one million

This field of soybeans near Altamont was snow covered Oct. 17, 2019, but was eventually harvested last fall. However, more than 400,000 acres of annual insured crops weren’t harvested as of Nov. 20, 2019.

What acres remain from harvest 2019 unclear

It’s believed a lot of corn and sunflowers were combined this winter, but it’s not clear how much of other crops remain to be harvested

Last fall thousands of acres went unharvested because of wet conditions. How much crop was taken off between then and now is unknown, as are the number of acres still worth harvesting. “From what we understand most producers really haven’t been able to address their unharvested acres in any fashion either to combine it, or destroy it, or whatever,” David Van Deynze, Manitoba Agricultural Services Corporation’s



Fresh snowfall in Winnipeg’s Fort Rouge area on April 8, 2020. (GFM Staff)

Cold spring weather expected for Prairies

MarketsFarm — Temperatures in the Prairie provinces are expected to be colder than average this spring. “There’s no indication that temperatures will be above normal,” said Bruce Burnett, director of markets and weather for MarketsFarm in Winnipeg. Low temperatures will likely cause issues for seeding in areas of the Prairies that have received late-spring snowstorms.