MarketsFarm — Statistics Canada’s first production estimates for the 2019-20 crop, released Wednesday, were generally in line with expectations, although upward revisions are likely in subsequent reports. The agency’s production of principal field crops report was “bang on with expectations across the board,” according to Ken Ball of PI Financial in Winnipeg. While both the […] Read more
StatsCan confirms smaller canola crop
Klassen: Feeder cattle market recovers
Compared to last week, western Canadian yearling markets traded $4-$6 higher on average; some packages in Alberta sold $8 to as much as $10 above week-ago levels. Larger feedlot operations were very aggressive on 750- to 900-pounders. The quality of yearlings is excellent at this time of year. Comments from the front row suggest most […] Read more
StatsCan production report may show stronger yields
MarketsFarm — A challenging growing season across the Prairies has left questions in the market ahead of Statistics Canada’s production report, due out Wednesday. “It’s hard to get a handle on canola this year because, at this stage, the farmers are going to be a bit conservative and err on the side of caution,” said […] Read more
Feed weekly outlook: Old-, new-crop barley prices converge
MarketsFarm — Feed grains prices have been softening as old-crop and new-crop prices converge during harvest. Tracy Green, a grain broker with Market Master Ltd. in Edmonton, said Feedlot Alley is “well-covered” and waiting for harvest. However, buyers in central Alberta are seeing prices around $237 delivered for old-crop barley. For deliveries into Lethbridge for […] Read more
Alberta’s Peace Region gets a touch of frost, crop conditions see slight decline overall
Alberta Crop Report: Conditions as of August 13
Reading Time: 6 minutes Frequent rain since July accompanied with cool temperature increased excessive soil moisture particularly in the North East and North West Regions. Hailstorms damaged some mature crops in southern parts of the province and destroyed some field crops in other areas. Additionally, a light frost occurred in the western to central parts of the Peace Region, […] Read more
Feed weekly outlook: No long-term shortage expected
MarketsFarm — Waiting for the 2019 harvest to roll in is the only factor that could create a feed shortage, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “As far as things look today, I don’t see a reason to be concerned about a feed shortage. If anything we could have a feed […] Read more
Feed weekly outlook: Varying yields make for average crop
MarketsFarm — Feed grain crop yields are expected to be about average across the Prairies as harvest has kicked off. “It appears we’ll have somewhat of an average crop, with a bunch of high-yield areas and a bunch of low yield areas averaged together,” said Jim Beusekom, president of Market Place Commodities in Lethbridge. New-crop […] Read more
Watch for nitrate accumulation in hailed-out crops
There’s extra value in a salvage crop this year, but nitrates are a risk in crops such as canola and wheat
Reading Time: 2 minutes The issue of nitrate accumulation needs to be considered when salvaging hailed-out crops. “Nitrate accumulation occurs in a plant when it is injured and is not able to convert nitrate to protein efficiently after a hail storm,” said provincial beef and forage specialist Barry Yaremcio. “In non-legume crops, water and nutrients are pushed into the […] Read more
Excessive moisture causing crops to degrade in central Alberta
Alberta Crop Report: Conditions as of July 29
Reading Time: 5 minutes Since the last report crops in some central regions are beginning to degrade due to excessive rainfall. The effect varies substantially depending on location, topography and soil type. Hay operations have been extremely difficult in the same areas and the chance of a second cut is greatly diminished due to the late first cut. Producers […] Read more
Feed weekly outlook: Barley prices soften before harvest
MarketsFarm – As harvest season kicks off for feed grains, new crop prices are at “market-clearing levels.” Allen Pirness of Market Place Commodities in Lethbridge, Alta., said cattle farmers are “in pretty good shape for old crop grain,” and are “waiting for new crop to hit.” “It’s taking its toll on prices a little bit, […] Read more