MarketsFarm — Canadian canola ending stocks in both the current marketing year and upcoming 2023-24 season will be tighter than earlier estimates, according to supply/demand projections from Agriculture and Agri-Food Canada (AAFC) on Tuesday. Factoring in Statistics Canada’s latest acreage estimates and its data for stocks as of March 31 — figures both released in […] Read more
AAFC projecting canola ending stocks to tighten
New-crop wheat ending stocks figure boosted
Feed weekly outlook: Barley market steady for now
Feedlots still importing U.S. corn
MarketsFarm — Feed barley bids in Western Canada continue to hold steady, while attention in the market turns to the new crop going into the ground. “There currently is an uptick in demand for quick movement presenting good opportunities for producers ready to sell,” Alberta grain brokerage Agfinity said in a note to clients. “However, […] Read more
Barley scholarship on offer
Application deadline May 31
Reading Time: < 1 minute Alberta Barley will be giving out three $2,000 scholarships for students actively engaged in barley research. Applicants need to send a one-page summary of their research project and how it “could be beneficial to barley producers and the industry.” Preference will be given to projects that align with the cereal group’s research priorities. For more […] Read more
Klassen: Lower beef production forecast drives feeder market higher
Feedlots factoring in lower feed grain values
Compared to the week ending May 6, western Canadian yearling prices were $2-$4 higher while calf values were up $2 to as much as $8 on average. The feeder market was well bid across all weight categories. Demand for grass cattle appeared to be more aggressive this past week. Yearling supplies will decrease over the […] Read more
Cash advance applications soar along with interest rate
With the interest-free portion being upped to $350,000, producers would save thousands — or even invest it
Reading Time: 5 minutes There’s been a surge in the number of farmers seeking cash advances thanks to soaring interest rates and a big increase in the interest-free portion of the loan. And the deal might even be tempting farmers who don’t need an operating loan. On April 3, the opening day of the 2023 program, the Canadian Canola […] Read more
Feed weekly outlook: Short-term premiums add to fluctuations
Truckers seen trying to stay as local as possible
MarketsFarm — Although most feed grain buyers were fairly well covered through spring seeding, Susanne Leclerc of Market Master Ltd. at Edmonton said some were looking for feed to get through the coming weeks and offered premiums. “Which is a shock for seeding season,” she said, suggesting it’s best to shop around, with prices fluctuating […] Read more
Unique year-round grazing method pays major dividends
Constant searching for new grazing ideas has led Dave Sammons to a strategy that works
Reading Time: 3 minutes Cow-calf producer Dave Sammons has come up with a unique and varied grazing strategy that has cut his workload and feed bills while boosting organic matter. His system on his mixed farm near Gleichen includes stubble grazing into early winter, then moving the herd onto cover crops, and then onto corn. “The grazing has helped […] Read more
Silence follows in wake of ouster of farm groups’ senior managers
Tom Steve was highly regarded in the grain sector but was abruptly dismissed with no reasons given
Reading Time: 3 minutes The board directors of Alberta Wheat and Alberta Barley are staying mum on why they abruptly ousted Tom Steve, their highly regarded general manager. Steve, chief operating officer Syeda Khurram and FarmCash program manager Hasan Kazmi were all dismissed on April 26. The two cereal groups didn’t announce the dismissals, and when the news broke […] Read more
Latest StatCan stocks report ‘least important of them all’
Wheat, canola numbers not expected to have significant impact on markets
MarketsFarm — For MarketsFarm Pro analyst Mike Jubinville, there was little in the latest Statistics Canada (StatCan) grain stocks report that would budge the markets. “When I look at the run of StatCan reports that we get through the year, whether they’re acreage, production or ending stocks, this report in May is the least important […] Read more
STRIP TILL: It’s new, it’s tricky and you can’t ask the neighbours for advice
On paper, strip-till is an excellent way to reduce erosion and improve soil health, but there’s a learning curve
Reading Time: 4 minutes Being a pioneer isn’t easy, but sometimes it can pay off. Or at least that’s what John Kolk hopes. Over the past few years the southern Alberta farmer has been using strip tillage on row crops such as dry beans, corn and soybeans. Although the system hasn’t been a big earner in terms of dollars […] Read more
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