Without the Chinese market, it’s only a matter of time before canola futures are poised to break below C$600 per tonne in its November contract, said Phil Speiss, trader with RBC Dominion Securities in Winnipeg.
‘Lack of bullishness’ says trader
Multiple factors dragging down futures
Field-scale crop research gives commercial acumen and real farm reality check to raw science and small-plot agricultural studies
Two-spotted spider mites have been top of Manitoba’s soybean insect pest problems in patches of the province, but at least there are fewer grasshoppers than expected
Regular tissue analysis helps farmers detect nutrient deficiencies early, optimize fertilizer use and improve overall crop performance
“We have a lot of corn out there”
Corn at 188.8 bu./ac. soybeans at 53.6 bu./ac.
Manitoba’s lack of rain is stressing crops, fuelling pest pressure and slicing yield potential in soybean and pea fields