MarketsFarm – Recent bouts of severe weather in Alberta, most recently high winds and hail in the central region on Aug. 2, will not affect potential yields for feed grains, according to one trader. Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said while some crops were damaged from the storms in central Alberta, as […] Read more
Feed weekly outlook: Recent storms not hurting yields
CBOT weekly outlook: Weather outweighing effects of international events
MarketsFarm – As the calendar turned to August, two events on opposite sides of the world caused a stir on the Chicago Board of Trade (CBOT). According to one trader though, conditions closer to home will have a greater effect. Corn and wheat prices took a hit on August 1 when Ukraine’s first grain vessel […] Read more
Pulse weekly outlook: Manitoba pulse crops showing resilience
MarketsFarm–After a late start in seeding due to higher-than-normal moisture in most areas, Manitoba’s pulse crops are growing well, according to an agronomist. Laura Schmidt, a production specialist and agronomist for Manitoba Pulse & Soybean Growers (MPSG), said while pulse crops are in various stages of development, many are maturing as expected while some are […] Read more
Saskatchewan crop report: High heat reversing crop development
MarketsFarm – Crops growing in areas of Saskatchewan which received recent rains are developing well. Meanwhile, those in dry areas, mostly in the west central region, are going backwards, according to the province’s weekly crop report released on July 28. Rainfall varied across Saskatchewan with some areas receiving none and other getting drenched. Areas around […] Read more
Feed weekly outlook: Declining prices not raising buyers’ interest
MarketsFarm – Despite prices for Western Canadian feed barley and wheat continuing to decline, buyers are not opening their wallets just yet. Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta., said while growing prospects of a more typical harvest are making cereal crops more affordable, there is still a wait-and-see attitude from […] Read more
CBOT weekly outlook: Weather, Ukrainian grain affecting prices
MarketsFarm – Weather-related concerns and questions whether Ukrainian grain will be exported or not were front and centre for traders on the Chicago Board of Trade during the week ended July 26. Ryan Ettner, a broker for Allendale Inc. in McHenry, Ill., said forecasts calling for a heat wave in much of the United States […] Read more
Plenty of upside for falling flax prices
MarketsFarm – One of the most expensive crops grown in the Prairies is losing some of its value. While flaxseed prices in Western Canada are still at or above those from last year, they have come down by at least 15 per cent since last month. The high-delivered bid for flax in Saskatchewan is C$28 […] Read more
Pulse weekly outlook: Saskatchewan crops growing well despite threats
MarketsFarm – Pulse crops across Saskatchewan are growing well for the most part, but not in every corner of the province, according to the province’s own specialist. Dale Risula, special crops specialist for Saskatchewan’s Ministry of Agriculture, said this year’s pulse crops are looking much better than those in last year’s drought, which he called […] Read more
Wet weather affecting acreage numbers: analysts
MarketsFarm – With some parts of Western Canada experiencing delayed seeding due to wet weather, many analysts believe the conditions have caused a ripple effect on acreage totals for the 2022-23 marketing year. Statistics Canada (StatCan) will release its second survey-based acreage report for the 2022-23 marketing year on July 5. Traders and analysts are […] Read more
Feed weekly outlook: Decline in feed grain prices anticipated
MarketsFarm – Much-needed rains falling onto most parts of Alberta have created ideal growing conditions for feed grains in the province, which has already created a slight decline in prices. “Southern Alberta has been very, very dry, but we’ve had anywhere from four to six inches of rain over the last three weeks,” said Mike […] Read more
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