MarketsFarm — The U.S. Department of Agriculture issued its small grains 2023 summary on Friday, showing a 10 per cent increase in all wheat production in 2023 of 1.81 billion bushels. While oat production dipped one per cent at 57 million bushels, barley output rose six per cent at 185 million. U.S. wheat in 2023 […] Read more
U.S. wheat, barley production increases in 2023
Feed weekly outlook: Barley bids near bottom post-harvest
Feed corn values narrowing against barley
MarketsFarm — After a better-than-expected harvest across the Canadian Prairies, feed grain prices on the region either have bottomed out or soon will, according to Evan Peterson of JGL Commodities in Saskatoon. “They’ve dropped significantly in the past three to four weeks as harvest pressure kicked off,” he said, citing feed barley going into feedlot […] Read more
High pasta prices set to boil over as Canada’s wheat withers
Drought in Prairie durum-growing region is adding to existing global supply woes
Reading Time: 3 minutes Pasta lovers must brace to pay higher prices for their favourite dish, as drought in Canada and bad weather in Europe damages durum wheat crops and reduces supplies available to flour millers and food companies. Italy’s government called a crisis meeting in May as prices for the staple food jumped by more than double the […] Read more
Prairie cash wheat: Harvest pressure, falling U.S. futures weigh on bids
Canadian dollar up on the week
MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as seasonal harvest pressure and losses in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5.30-$8 per tonne across the Prairies, according to price quotes from a cross-section of […] Read more
Feed weekly outlook: Harvest pressure, looming corn imports weigh on barley bids
Some yields turn out 'better than expected'
MarketsFarm — Seasonal harvest pressure and expectations for large corn deliveries from the United States should limit any upside potential in feed barley bids in Western Canada for the foreseeable future despite this year’s smaller crop. “We’re getting some better-than-expected yields (in central Alberta), so there is some harvest pressure with guys needing to move […] Read more
Prairie cash wheat: Spring wheat bids mixed, durum lower
StatCan raises projections for spring wheat harvest
MarketsFarm — Bids for Western Canadian spring wheat were on both sides of unchanged while those for durum were lower for the week ended Thursday. Statistics Canada (StatCan) released its model-based principal field crop production estimates on Thursday, presenting a tightening wheat crop compared to that from 2022-23. All-wheat production was projected at 29.8 million […] Read more
Feed weekly outlook: More demand for barley in Alberta
U.S. corn imports still expected to cap barley values
MarketsFarm — As Alberta’s harvest continued, yields and crop conditions have varied across the province, according to Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “There has been such a wide range across the map, it really depends on location,” she said. “We’ve seen some areas that are just below average of […] Read more
StatCan expected to raise estimate for oats production
Ending stocks estimate 'probably fairly accurate'
MarketsFarm — Ahead of the model-based Statistics Canada production report due out on Thursday, Scott Shiels of Grain Millers Canada in Yorkton, Sask. said it’s likely the agency’s numbers for oats will increase. StatCan issued its first model-based production report for 2023-24 on Aug. 29, which placed the country’s oats at about 2.429 million tonnes. […] Read more
Prairie cash wheat: Prices for reds rise, amber eases back
Harvest pressure, Canadian dollar also factors
MarketsFarm — Wheat on the Canadian Prairies was mixed for the week ended Thursday, with gains for Canada Western Red Spring and Canada Prairie Spring Red wheats, while Canada Western Amber Durum slipped back. Kansas City winter wheat and Minneapolis spring futures were higher on the week to provide support for Canadian cash prices, but […] Read more
Feed weekly outlook: Harvest pressure keeps lid on prices
Domestic prices seen weighing on corn imports
MarketsFarm — As the harvest continued across the Canadian Prairies, pressure kept feed grain prices largely in check, according to Crystal Leitch of Market Master Ltd. in Edmonton. “We don’t see things changing too much because pricing is not what it was. There’s some hope that pricing is going to come back up, whether it […] Read more
Cyber-Savvy Farmer
