Reading Time: 4 minutes Global economies appear to be “falling off a cliff,” with reduced demand for crude oil and other commodities pressuring grain prices downward, says an Alberta-based commodities analyst. At the same time, lower than expected U.S. corn yields are supporting canola, wheat and soybean prices, said Errol Anderson, president of ProMarket Communications. Be ready to move […] Read more
Watch the big picture and local situation, say grain market analysts
A slowing global economy is a key storyline but so is the basis offered by your local elevator
Klassen: Weaker Canadian dollar supports feeder market
Weather optimal for bringing in fresh replacements
Compared to last week, western Canadian yearlings traded steady to $2 higher on average while calves traded $2 higher to $4 lower. The calf market was hard to define due to limited numbers while larger supplies of yearlings were on offer in Manitoba this past week. Alberta packers were buying fed cattle on a dressed […] Read more
Feed weekly outlook: Prairie grain bids see surprising harvest strength
MarketsFarm — Feed grain bids in Western Canada have shown some strength in recent weeks, despite the advancing harvest. “We’ve been seeing a rally through harvest, which is an odd thing,” grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta. said. He tied the unseasonable strength to solid demand and a lack of significant […] Read more
Harvest is bringing upbeat reports
Reading Time: 2 minutes Despite challenging growing conditions, there was plenty of encouraging news in the first provincial crop report of the month. Dryland yields were running 12 per cent above the five-year average (which was lowered by last year’s drought) and nearly eight per cent higher than the 10-year average, says the Sept. 6 report. Despite an extremely […] Read more
Klassen: April live cattle futures pull nearby cash feeder market higher
More feedlots switching back to barley
Compared to last week, western Canadian yearling markets traded steady to $3 higher on average. Quality yearling packages of larger volume traded $2-$3 above week-ago levels. The calf market is becoming more defined. Larger calf volumes were on offer in Saskatchewan and Manitoba but smaller numbers were noted in Alberta. Therefore, we can’t accurately compare […] Read more
Feed weekly outlook: No effect seen on Alberta crops from hot, wet weather
Feed grain bids up on week in Alberta, Saskatchewan
MarketsFarm — Harvest activity in Alberta continues to progress despite wet weather during the past week, according to Mike Fleischhauer, trader for Eagle Commodities in Lethbridge. “We had some rain here about a week to 10 days ago. So, it puts some people in Alberta and Saskatchewan a little bit behind,” he said. “It’s been […] Read more
Long-contemplated merger of cereal groups comes to a vote
Voting will be held online during October, plebiscite info and voting PIN should be in your mailbox soon
Reading Time: 2 minutes Cereal growers will have almost the entire month of October to say yay or nay to the proposed merger of Alberta Barley and Alberta Wheat. Those who grow both crops and have paid a checkoff in the last two years will get to cast two votes because each crop commission is required to have its […] Read more
Ending stocks tumble due to drought: StatCan
Canola stocks are below 'pipeline levels'
MarketsFarm — Severe drought in Western Canada during the summer of 2021 has played a major part in reducing the stocks for Canada’s principal field crops at the end of the 2021-22 marketing year, according to Statistics Canada. Canada’s central data agency released a report Wednesday presenting total ending stocks for the country’s major crops […] Read more
Feed weekly outlook: Grain prices start moving upward
New-crop barley already en route to feedlots
MarketsFarm — Hot temperatures and a lack of precipitation in recent days are helping Alberta growers make significant progress, according to Lethbridge-based Market Place Commodities’ president Jim Beusekom. “In southern Alberta, (the harvest) is doing just fine,” he said. “We had some rain last week. Some (had) more, some less. Last week limited how much […] Read more
Klassen: Feeder markets digest StatCan data
Barley crop expected up 34 per cent on year
Compared to last week, western Canadian yearling markets traded steady to $2 higher. Yearling prices have strengthened by $8-$10 over the past four weeks. Calf values were relatively unchanged but the market was hard to define due to limited volumes. Alberta packers were buying on a dressed basis from $300 to $302 delivered, up $1-$2 […] Read more
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