MarketsFarm — There were some notable changes in the carryovers for corn, soybeans and wheat in the July supply and demand report from the U.S. Department of Agriculture released Friday. However, the monthly world agriculture supply and demand estimates (WASDE) had very little effect on the markets, according to MarketsFarm analyst Mike Jubinville. “I think […] Read more
USDA’s July WASDE has little effect on markets
U.S. Midwest weather likely having greater effect
Feed weekly outlook: Prices to soften as new crop year nears
MarketsFarm — Prices for feed barley and wheat will decline as the new crop year gets closer, according to Erin Harakal, senior trader with Agfinity at Stony Plain, Alta. Harakal said the new crop should start coming off of the fields around the end of August and the beginning of September. “Usually at this time […] Read more
Rail unloads at Vancouver, Thunder Bay ahead of last year’s pace
MarketsFarm — The numbers of railcars unloaded at each of Canada’s major grain ports varies as to whether they’re ahead of last year’s pace, according to a report from Quorum Corp. Terminal unloads at Vancouver jumped 22 per cent during week 47 of the 2019-20 crop year, compared to the same week in 2018-19. For […] Read more
Feed weekly outlook: Barley, wheat price strength may continue
MarketsFarm — Prices for feed barley and wheat have remained strong over the last few weeks, according to traders in Alberta and Saskatchewan. “They move up a dollar or two per metric tonne just to keep moving the old crop,” said Evan Peterson of JGL Commodities’ Saskatoon office. “From what we’ve seen, buyers are just […] Read more
Flea beetle damage ‘moderate’ across Prairies so far
Levels in Manitoba hit thresholds for spraying, reseeding canola
MarketsFarm — Flea beetles, cutworms and diamondback moths are only a few of the pests Prairie farmers have to deal with — and this year, so far, damage from flea beetles and cutworms has varied, as have moth counts. “Flea beetles are common throughout the Prairies, everywhere we grow canola. We haven’t been able to […] Read more
Prairie cash wheat: Most bids see gains on the week
MarketsFarm — Wheat bids in Western Canada were mostly higher for the week ended Thursday. Canada Western Red Spring (CWRS) wheat made the strongest gains, as Canada Prairie Spring Red (CPSR) was either side of steady. There were modest increases for Canada Western Amber Durum (CWAD). Support came from the Canadian dollar losing about two-10ths […] Read more
ICE weekly outlook: Canola likely to move lower
MarketsFarm — The direction canola will move in coming weeks depends on three factors: the Canadian dollar, Prairie weather and the Chicago Board of Trade, according to Errol Anderson of ProMarket Communications in Calgary. “I’m expecting the Canadian dollar to move up a bit, just because of U.S. dollar pressure. That could pull the canola […] Read more
Feed weekly outlook: Barley prices close to ceiling
MarketsFarm — Feed barley prices, which climbed during May, have very likely risen as far as they can go, said Nelson Neumann, senior trader with Agfinity at Stony Plain, Alta. “We’re at the point where corn can be a cheaper alternative. There’s a ceiling on the market and we’re pretty much at that ceiling,” Neumann […] Read more
Pulse weekly outlook: Levy cut an opportunity for Canadian lentils
MarketsFarm — Canadian lentils should benefit from India lowering its import levy on lentils from 30 to 10 per cent, said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. The announcement, made June 2, was intended to reduce lentil prices in the country. India’s Ministry of Agriculture and Farmers’ Welfare estimated the lentil crop […] Read more
Demand pushes up cash prices for oats
Cash oats uncoupled from Chicago futures values
MarketsFarm — While scarcity of oats on the Prairies has pushed up cash prices, there has been a drop in futures prices on the Chicago Board of Trade (CBOT), two buyers said. “The weakness in the futures definitely has nothing to do with cash prices in the country,” said Scott Shiels of Grain Millers at […] Read more
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