MarketsFarm — There are very good prices for feed barley and wheat in Alberta, according to Susanne Leclerc of Market Master Ltd. in Edmonton — but two factors could limit their availability. Leclerc said there is good demand for feed wheat in the province, “but prices are slightly up because we’re not seeing a lot […] Read more
Feed weekly outlook: Freight costs could determine grain availability
Plenty of ways to serve cereal groups
Reading Time: < 1 minute Nominations are now open for director and regional rep positions with Alberta Wheat and Alberta Barley. Alberta Wheat needs two directors and three representatives in both Region 1 (southern Alberta) and Region 5 (north-central). Meanwhile Alberta Barley is seeking director candidates for Regions 3 and 4 as well as a director-at-large from either Regions 1, […] Read more
Feed weekly outlook: Barley values steady, wheat rises
MarketsFarm — As the harvest across most of the Prairies begins to wind down, price movement for feed barley has remained fairly stable, according to Erin Harakal, senior trader for Agfinity at Stony Plain, Alta. “October is getting covered is what’s happening. There’s not too much room left for October,” Harakal said, noting the midway […] Read more
Egypt’s private sector wheat imports stall due to dollar shortage
"We are in the red zone"
Cairo | Reuters — The price of wheat and flour used to make unsubsidized bread has spiked in Egypt as importers struggle to pay for wheat stuck at ports amid a dollar shortage, traders and the country’s chamber of cereals told Reuters this week. Around 700,000 tonnes of wheat haven’t been released from customs, causing […] Read more
Prairie cash wheat: Weaker loonie underpins bids
U.S. wheat futures down on week
MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as sharp declines in the Canadian dollar boosted basis levels and more than made up for the bearish influence of softening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.10-$5.40 per tonne […] Read more
Feed weekly outlook: Prairie barley market still strong
Availability of trucks remains an issue
MarketsFarm — The feed barley market remains strong despite the influx of freshly harvested supplies, with little competition from other feed sources. “The markets have been coming up steadily, with what feels like no harvest pressure,” said Suzanne Leclerc, owner of Market Master Ltd. in Edmonton. “People were hoping the market would get lower and […] Read more
Prairie cash wheat: External factors raise bids
U.S. wheat futures gain on the week
MarketsFarm — Despite the usual harvest pressures, western Canadian wheat bids jumped during the week ended Thursday, largely due to geopolitical and macroeconomic factors. The U.S. Federal Reserve on Wednesday again raised its key interest rate to combat rising inflation — this time a 75 basis point increase, to 3.25 per cent. The rate hike […] Read more
Feed weekly outlook: Good grain yields seen in Saskatchewan, Manitoba
MarketsFarm — Despite delays in the ongoing barley and wheat harvests across the eastern Prairies, early indications have suggested healthy amounts of grain production. “Eastern Saskatchewan and Manitoba still have a bit of harvest to go, but generally the yields are good,” Glen Loyns, general manager of JGL Commodities at Moose Jaw, Sask., said. “Quality […] Read more
Prairie cash wheat: Bids move higher
U.S. wheat futures gain on week
MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as gains in U.S. futures and weakness in the Canadian dollar provided support. The advances came despite seasonal harvest pressure and an upward revision to Statistics Canada’s production estimate for the country’s spring wheat crop. Average Canada Western Red Spring (CWRS, […] Read more
Feed weekly outlook: Prairie grain bids see surprising harvest strength
MarketsFarm — Feed grain bids in Western Canada have shown some strength in recent weeks, despite the advancing harvest. “We’ve been seeing a rally through harvest, which is an odd thing,” grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta. said. He tied the unseasonable strength to solid demand and a lack of significant […] Read more
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