Sydney/Paris | Reuters — Out in Australia’s grain fields, farmers have started harvesting one of their biggest-ever barley crops, after drought-relieving rains convinced many to plant to the edges of their paddocks. Yet the tractors are working under the cloud of a new tariff imposed by China — seen widely as retaliation for Australia’s push […] Read more
Barley trade routes redrawn as China tariff hits Australian farmers
China's barley purchases from Canada more than double last year's
Feed weekly outlook: High demand keeps bids strong
MarketsFarm — Feed grain prices in Western Canada have come off of recent highs but remain “higher than what feeders like to see.” That’s according to Brandon Motz of CorNine Commodities ar Lacombe, Alta., who said feed grains are still in a “high-demand market,” with spot prices for feed barley and wheat around $260-$265 per […] Read more
Feed weekly outlook: Prairie grain market steady, for now
MarketsFarm — The feed grain market in Western Canada remains firm for the time being, but the uncertainty of outside influences makes it difficult to predict where values will go from here. “It is so hard to gauge,” said Susanne Leclerc, owner of Market Master Ltd. in Edmonton, adding “I don’t think anybody can predict […] Read more
China rejects Australia’s appeal to remove barley tariff
Sydney | Reuters — China has rejected Australia’s appeal to scrap a tariff on its barley exports, two sources familiar with the matter told Reuters, all but closing the door on a trade worth about A$1.5 billion (C$1.4 billion) in 2018. The rejection comes after Australia sought a formal review over duties totalling 80.5 per […] Read more
Feed weekly outlook: Prices plateauing
MarketsFarm — While prices for feed grains have risen over the last month along with several other commodities, they’ve now declined a little bit, according to Erin Harakal, senior trader with Agfinity in Stony Plain, Alta. “For short-term movement like November-December we’ve seen them come off the most compared to the late-January/early-March time frame,” she […] Read more
Research funding provides new barley varieties
Reading Time: < 1 minute The Canadian Barley Research Coalition is investing $2.7 million over five years in the University of Saskatchewan’s Crop Development Centre to develop barley varieties with improved agronomics, disease resistance and end-use quality. The research coalition is a collaboration between Alberta Barley and its Prairie sister organizations. The last round of funding by the coalition led […] Read more
Feed weekly outlook: Feedlots booking for winter underpin bids
MarketsFarm — Feed grain prices have been strong following Western Canada’s harvest, as feedlots ensure they’re covered heading into the winter. “Last week there was some buying in the deferred months, from January onward,” Allen Pirness of Market Place Commodities at Lacombe, Alta. said. Pirness said the strong prices were unexpected, noting that when prices […] Read more
Feed weekly outlook: Demand keeps Canadian barley well supported
MarketsFarm — Solid demand continues to keep feed barley bids in Western Canada well supported, as end-users work to secure supplies in anticipation of tightening stocks going forward. “Competition for barley is coming from every which direction: grain companies exporting barley, feedlots trying to cover barley, and grain companies trying to cover feedlots,” said Jim […] Read more
Feed weekly outlook: Demand from China lifts prices
MarketsFarm — Prices for feed barley and wheat have shot up over the last month, including a 76 cent per bushel jump for barley in Alberta, according to Prairie Ag Hotwire. In Saskatchewan, barley prices climbed 41 cents per bushel, while in Manitoba the rise has been much more subdued at nine cents. At present […] Read more
Wheat, canola exports ahead of year-ago pace
MarketsFarm — Canadian grain and oilseed exports are running well ahead of the year-ago level eight weeks into the 2020-21 marketing year, according to the latest data from the Canadian Grain Commission. Total bulk exports of the major grains and oilseeds, as of Sunday, of 7.17 million tonnes compare with the six million exported during […] Read more
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