MarketsFarm — Feed prices are set continue grinding lower for the balance of 2023, “as domestic end users are covered,” according to Jim Beusekom, president of Market Place Commodities in Lethbridge. Beusekom pointed to the amount of contracted corn being imported from the United States as well as better-than-expected yields across the Prairies this harvest. […] Read more
Feed weekly outlook: Prices to continue slipping back
Feedlots covered for now
Oat cash prices don’t immediately follow CBOT movement
One trader can push market around, trader says
MarketsFarm — While oats on the Chicago Board of Trade rallied recently, upward movement in cash prices was varied. Even as that rally came to its eventual end, cash prices on the Canadian Prairies did not budge a great deal. Over nine consecutive sessions, the December oat contract at Chicago pushed higher by 29.5 U.S. […] Read more
Opinion: Fighting for low grain prices
One bushel of barley can make 500 bottles of beer, but the Wheat Growers are asking for help to make it cheaper
Reading Time: 3 minutes It used to be that if you wanted to raise a farmer’s blood pressure, you only had to suggest that an increase in bread prices was due to a change in the price of wheat. That started in the 1970s after wheat prices skyrocketed to the $6 per bushel range after the “Great Grain Robbery,” […] Read more
Prairie cash wheat: Bids book week of losses
U.S. wheat futures down on week
MarketsFarm — Western Canadian wheat bids took a tumble with durum prices having the largest losses during the week ended Oct. 26. U.S. wheat futures were pressured throughout the week as rains fell on winter wheat-growing areas in the country, as well as in Argentina, Ukraine and Australia. Export sales for U.S. wheat were lower […] Read more
Feed weekly outlook: Grains see flat demand, price movement
A clearer picture of new-crop corn availability may provide direction
MarketsFarm — Recent demand for feed grains from feedlots has been in a standstill, according to Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “It’s been flat, probably since the end of September. We haven’t seen any big changes when it comes to demand or prices,” she said. “From what we’ve been […] Read more
Prairie cash wheat: Spring wheat bids rise with U.S. futures
Weaker loonie also offers support
MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, as gains in U.S. futures and weakness in the Canadian dollar provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5-$10.20 per tonne across the Prairies, according to price quotes from […] Read more
Feed weekly outlook: Grains steady, waiting on U.S. corn imports
Barley yields might beat StatCan expectations
MarketsFarm — More feed barley is reportedly making its way into Alberta cattle rations for the time being as recently-harvested supplies are competitive with corn imports from the U.S. While nearby demand is keeping the domestic market reasonably steady, more corn will likely start making its way north over the next month. Feed barley is […] Read more
Prairie cash wheat: Most bids lower
U.S. wheat futures down on week
MarketsFarm — Bids for Canada Western Red Spring (CWRS) wheat were lower in Manitoba, but higher in the rest of the Prairies, while those for Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheat also went down during the week ended Thursday. U.S. wheat futures declined for the week, but were supported […] Read more
Feed weekly outlook: Demand for feed grains ‘in a lull’
U.S. corn harvest a work in progress
MarketsFarm — Despite prices continuing to come down for feed grains in Western Canada, demand for them is currently at a standstill, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “I think we’re in that lull time right now between corn and barley (deliveries) as the (U.S.) corn harvest is underway,” Leclerc said, […] Read more
Feed weekly outlook: Lack of overseas demand brings down prices
'It feels like for now, we've kind of bottomed out'
MarketsFarm — As the grain harvest wraps up in Western Canada, feed grain prices continued to move downward. However, harvest pressure was not the only reason for their declines. Evan Peterson of JGL Commodities at Moose Jaw, Sask. heard others say their crops were larger than anticipated — but there were additional factors adding pressure […] Read more
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