Manitoba’s corn crop has been flourishing amid recent hot weather — so much so, that most of the crops are now at the average stage of development, despite being planted later than normal. “Everything is looking really, really good at this point,” said Morgan Cott, field agronomist with the Manitoba Corn Growers Association. “It’s grown […] Read more
Manitoba corn crop flourishing amid hot weather
ICE canola outlook: Weather to determine price direction
Canola contracts on the ICE Futures Canada trading platform moved higher during the week ended Wednesday (July 10), with much of the strength linked to the commodity following the gains seen in Chicago soybeans. Traders were said to be building a weather premium into the U.S. soybean market, as they got “edgy” with forecasts calling […] Read more
Lower wheat, higher canola acreage expected in StatsCan report
Canola acreage in Canada is expected to increase in the upcoming Statistics Canada report, to be released on Tuesday (June 25), while spring wheat acres are likely to be lowered, according to analysts. Some of the reasoning behind the expectations is that many observers thought StatsCan’s April estimates — 19.375 million acres for spring wheat […] Read more
Prairie durum prices seen steady in new crop year
Western Canadian durum prices are expected to stay steady in the new crop year and continue to hold a premium over spring wheat. The expected tight supply situation should help to keep a firm floor under the market. “We’re probably going to hold on to durum prices where they are today, maybe a little bit […] Read more
Prairie flax cash market comes down from recent highs
Reading Time: 2 minutes The western Canadian flax cash market seems to be coming down from recent highs. Fresh demand from China and Europe helped values rally recently, but the market in Europe has levelled off and Canadian cash prices seem to be following along. Chuck Penner, president of LeftField Commodity Research in Winnipeg, said he’s not sure if […] Read more
Prairie wheat bids fall with U.S. futures
Cash wheat bids across Western Canada moved lower during the week ended June 10, following the price action seen in U.S. wheat futures. Average spot bids on Monday for 13.5-per-cent-protein Canada Western red spring (CWRS) wheat across Manitoba, Saskatchewan and Alberta came in at around C$273 per tonne ($7.42 per bushel), based on pricing available […] Read more
Prairie oat cash market strong with tight supply concerns
Cash prices for new- and old-crop oats in Western Canada are strong, underpinned by expectations that carryover stocks will be tight in 2012-13 and 2013-14. According to Prairie Ag Hotwire, values on Thursday for old crop delivered to the elevator in Western Canada were as high as $4.05 per bushel, while new-crop values ranged from […] Read more
Prairie CWRS wheat bids holding steady
Cash wheat bids across Western Canada experienced some mixed activity during the week ended June 3. Canada Western red spring (CWRS) wheat bids were nearly unchanged, with some elevators reporting small declines, and others showing slightly stronger prices. Average spot bids for CWRS with 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in […] Read more
Prairie canola basis levels ease, buyers look to new crop
Basis levels on the canola cash market in Western Canada have started to come off their highs, as some buyers are looking ahead to new crop. The inverse between old- and new-crop values is “enormous” due to the extremely tight Canadian canola supply situation, so buyers are only purchasing what old crop they absolutely need, […] Read more
Tight feed forces some Prairie cattle to pasture early
Some producers in Manitoba and Saskatchewan are having to put cattle out to pasture earlier than they should because they don’t have enough feed supplies to nourish them. “Feed is really expensive these days, so producers are not going to purchase more,” said Glenn Friesen, forage specialist with Manitoba Agriculture, Food and Rural Initiatives at […] Read more
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