MarketsFarm — The hot and dry 2021 growing season cut significantly into Canada’s barley production, with the weather also leading to higher protein levels for what was harvested. “It will be an extremely tight and difficult year for the malt processors and ultimately for the brewers as well,” said Peter Watts, managing director of the […] Read more
Canada’s small, high-protein malt barley crop poses challenges
Wheat supply drop sharpest in a decade
Not only are supplies tight — so are ocean vessels for delivering to customers
Reading Time: 3 minutes It wasn’t only a bad year for growing wheat in Canada and the U.S. — poor weather in other major producers has sharply reduced the world’s exportable supplies. In a recent webinar held in conjunction with Alberta Wheat and Barley, Jade Delafraye of London-based Argus Media said the U.S. Department of Agriculture has dropped its […] Read more
Prairie cash wheat: CWRS bids up with U.S. futures
However, a strong loonie applies pressure
MarketsFarm — Minneapolis spring wheat futures climbed to contract highs during the week ended Thursday, which provided spillover support for Canadian cash bids. However, strength in the Canadian dollar was a bearish influence, tempering the upside in the cash market. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by […] Read more
Prairie cash wheat: Bids rise with U.S. futures
MarketsFarm — Cash wheat bids across Western Canada moved higher during the week ended Thursday in sympathy with U.S. futures markets. The strength came despite a firmer tone in the Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.40-$14.90 per tonne, according to price quotes from […] Read more
Feed weekly outlook: Shortages leading to price increases
MarketsFarm — Prices for feed grains are swinging higher because of shortages, according to Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge. “One thing we are sure of is we are running out of inventory, barley for sure, and we’re 11 months away from new crop,” he said. This year’s severe drought and excessive heat […] Read more
Prairie cash wheat: Bids mixed as harvest comes to close
U.S. December wheat futures up on week
MarketsFarm — The spring wheat harvest coming to a close in the Prairie provinces and cuts in production estimates south of the border have caused mixed bids in Western Canada for the week ended Thursday. All three Prairie provinces have either completed or have nearly completed spring wheat combining, bringing harvest pressure to prices. Meanwhile, […] Read more
U.S. spring wheat crop down sharply in 2021
MarketsFarm — Spring wheat production in the United States was down sharply in 2021, according to the latest annual small grains report from the U.S. Department of Agriculture. Total spring wheat production was pegged at 9.01 million tonnes by the government agency, down 44 per cent from the 15.99 million tonnes grown the previous year. […] Read more
Feed weekly outlook: Canadian markets firm, waiting on U.S. corn
MarketsFarm — Canadian feed grain bids remain strong, although end-users are only buying on a hand-to-mouth basis as they await an influx of cheaper corn imports from the U.S. “Everybody is waiting on the corn situation to figure out where we’ll go,” said Suzanne Leclerc, owner of Market Master Ltd. in Edmonton. “Buyers are buying […] Read more
Prairie cash wheat: Gains in prices vary by type
MGEX, CBOT December wheats up on week
MarketsFarm — Bids in Western Canada for the week ended Thursday were higher for Canada Western Amber Durum (CWAD), Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Gains in most of the U.S. wheat markets led to the increases, which were tempered somewhat by a stronger Canadian dollar. Average CWRS (13.5 […] Read more
Feed weekly outlook: Harvest lowers wheat, barley prices
MarketsFarm — With the hot and dry summer of 2021 now in the rearview mirror, the higher-than-normal prices for Alberta feed wheat and barley are starting to taper off as combining nears completion. “I think what we’ve been seeing for feed barley prices in (southern Alberta) is anywhere from $380 (per tonne) for October and […] Read more
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