CNS Canada — Prices are rising for feed grains in Lethbridge, with buyers starting to consider their options. “Seems every day this last week we’re surprised at higher offers being triggered than the day before,” said Jared Seitz, trade manager with Agfinity Inc. In Lethbridge, feed barley bids last week were at $5 per bushel […] Read more
Feed weekly outlook: Prairie feed grain prices on rise
Prairie flax market flat, acres set to decline
CNS Canada — A flat flax market in Western Canada has buyers feeling indifferent about this year’s prospects. “There’s no big hurrahs right now on flax… I hate to say it, I’m a very optimistic type of person, but it’s kind of a flat market right now,” said Ben Friesen, senior market manager at Scoular […] Read more
CBOT weekly outlook: Soy, corn traders shift gaze to U.S.
CNS Canada — As February ends, attention is shifting from South America to the U.S. for traders at the Chicago Board of Trade. “We’re about to flip the calendar into March, when people start paying more attention to the conditions in the U.S.,” said Rich Feltes of RJ O’Brien in Chicago. Attention for the past […] Read more
Pulse weekly outlook: Prairie market ‘nonexistent’ due to trade dispute
CNS Canada — As the western Canadian pulse crop industry awaits news from Prime Minister Justin Trudeau’s visit to India, two traders aren’t holding their breath. “I’m not expecting any big announcements or any big headway other than wording like ‘working towards understandings’ and things like that,” said Adam Krieser of Canpulse Foods in Saskatoon. […] Read more
Prairie wheat bids mixed while U.S. futures rise
CNS Canada — Wheat bids in Western Canada were mixed for the week ended Thursday, while U.S. wheat futures rose. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed in Western Canada with some unchanged and others rising by $1-$2, according to price quotes from a […] Read more
Feed weekly outlook: Supplies tighten as demand rises
CNS Canada — As supplies tighten, Lethbridge feedlots are looking for the cheapest options when it comes to feed. “Supply seems to be tight in general. There’s not a lot of offers on either corn or barley at the moment. And demand is higher than expected coming into March,” said Brandon Motz, sales manager at […] Read more
Prairie winter wheat conditions no cause for alarm, yet
CNS Canada — While it’s been a cold winter with little snow cover, there is still hope for the Prairies’ winter wheat crop as soil temperatures haven’t hit danger levels yet. “I checked the soil temperatures this morning across the Prairies and most of the soils are about -10 C and winter wheat at this […] Read more
CBOT weekly outlook: USDA report delivers no surprises
CNS Canada — The latest report released from the U.S. Department of Agriculture had no surprises for traders at the Chicago Board of Trade (CBOT), leaving the March corn and soybean contracts little changed. “I think that brokers right now are on the phone talking to their customers, probably some co-ops, elevators are also, and […] Read more
Pulse weekly outlook: Farmers selling ahead of road bans
CNS Canada –– Pulse crop producers in Western Canada are looking to sell what’s left of last year’s crop before spring. Farmers “need to get some cash flow going. They’ve got payments probably in February and March and then they want to beat the road bans,” said Allan Johnston with Johnston’s Grain at Welwyn, Sask. […] Read more
Producers lose transparency with end of weekly crush report
CNS Canada — Canada’s grains industry found itself shocked when the Canadian Oilseed Processors Association (COPA) announced Friday it would stop publishing its weekly report on member crushings. “I loved that report. In Western Canada, or Canada in general, I think any reports that give you kind of a weekly snapshot of what’s happening in […] Read more
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