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Grain Markets, Markets

China uncertainty continued in last week’s grain markets

A recent small purchase from the U.S. had little influence on price

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As the United States/China trade war plods along between negotiations and making threats to hike tariffs, the spectre of what could happen down the proverbial road remains rather bleak. First was U.S. President Donald Trump speculating that China may not want to make a deal with the U.S. until after the 2020 presidential election. For
The next WASDE report due to be released in less than two weeks will provide the long-awaited numbers on corn, soybean and unplanted acres.
Grain Markets, Markets

Little direction in grain markets until August 12

USDA’s WASDE report will provide long-awaited numbers on corn, soybean and acres which were prevented from planting

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Until August 12, the central story surrounding canola will be a lack of direction. There has been little to influence prices either up or down and this will likely remain the situation until the United States Department of Agriculture (USDA) issues monthly World Agricultural Supply and Demand Estimates (WASDE). In that report due August 12
Grain Markets, Markets

Bearish influences continue to weigh on canola market

Improved crop conditions have also contributed to the trend, though corn is still king

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Canola contracts on the ICE Futures U.S. platform tested major support levels during the week ended July 19, but managed to hold relatively steady overall to finish the week with slight gains. The November canola contract hit a multi-year contract low of C$437 per tonne on July 5, but has managed to hold above the
VIDEO: Bean development in Manitoba
Crops, Farmit Manitoba, Pulses

VIDEO: Bean development in Manitoba

Lower temperatures early in the season have slowed growth to some extent

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So, how are soybeans and dry beans faring in Manitoba this crop season? At the recent Crop Diagnostic School, Dennis Lange, provincial pulse crop specialist with Manitoba Agriculture, offers what he’s seeing in terms of crop development in the province, the impact that weather has had for growers so far this year, and what options
U.S. grains: Corn pulls back from five-year high
Crops, Markets, Weather

U.S. grains: Corn pulls back from five-year high

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Chicago | Reuters — Chicago Board of Trade grain futures settled down on Monday after corn touched a five-year high and soybeans reached a one-year peak, as forecasts for rain in U.S. crop-growing areas eased concerns about hot, dry weather. A recent warm, dry spell had fueled worries that corn could be damaged during crucial
Blooming rapeseed field at sunset
Grain Markets, Markets

Lingering old-crop supplies limit canola futures’ climb

U.S. seeding delays could lift spring wheat — but not yet

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ICE Futures canola contracts moved higher during the week ended June 14, but ran into upside resistance as conflicting influences pulled on the market. Weather concerns, both in the United States and Canada, were a major supportive influence. Excessive moisture across the U.S. Midwest has left many intended corn acres unplanted. Soybeans can go in
Much-needed rain falls south of Brandon along Hwy. 10, June 15, 2019.
Crops, Weather

Much needed rainfall showers on Manitoba

The province got some much needed rain over the weekend, although some regions are still looking for moisture

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Fields finally got a break in the dry spell coming into the third week of June, although some more than others. Manitoba Agriculture reports that much of agro-Manitoba got less than 60 per cent of average moisture between May 1 and June 9, although much of the east and Red River Valley were creeping closer
Farmer holding soybean
News

Comment: U.S. farmers suffering from trade wars

As usual, farmers are getting it coming and going from this economic upset

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Despite the hope that the U.S. and China would come to an agreement on trade that would end China’s retaliatory tariffs on agricultural imports from the U.S., nothing is on tap as we write this column. In what appears to be an attempt by the administration to pressure the Chinese into a deal by announcing
China claimed shipments of Canadian canola were contaminated with weed seeds and plant diseases, but it has yet to show evidence to back up the claim.
News

Quick fix to China canola ban ‘unlikely’

There’s more to it than Huawei, according to a MarketsFarm’s report

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China’s de facto ban on Canadian canola imports has depressed canola prices, which will remain under pressure until the ban is lifted, concludes a report prepared by MarketsFarm, a division of Glacier FarmMedia. “A quick resolution to the Chinese canola import situation is highly unlikely,” the report says. The same holds for Canadian and American

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