MarketsFarm — A sharp drop in corn and wheat futures prices at the Chicago Board of Trade over the past week could be the sign of the first cracks in the western Canadian feed grain market. That said, tight supplies and uncertainty over new-crop grain production remain supportive. “With the move on the futures market […] Read more
Feed weekly outlook: Falling futures suggest first cracks in lofty market
USDA expects record world wheat crop in 2021-22
MarketsFarm — The latest U.S. forecast puts world wheat production at a new record in 2021-22, with bigger crops in a number of countries more than offsetting expected decreases in Canada and Australia. According to the first outlook for the marketing year from the U.S. Department of Agriculture, total world wheat production for 2021-22 is […] Read more
Morocco reimposing 170 per cent duty on hard wheat
Rabat | Reuters — Morocco will reimpose customs duty on soft and hard wheat of 135 and 170 per cent respectively from May 15 in order to cut imports at a time of higher prices in international markets, the agriculture ministry said Monday. The government had said last week the duties would be reintroduced from […] Read more
Feed weekly outlook: Drought, demand deplete southern Alberta stocks
MarketsFarm — Prices for feed grains are continuing to go up — and with depleted stocks and dry conditions forecast for the Prairies, they are likely to rise a bit more. “There’s a shortage of corn. Corn’s at over $400 (per tonne) in southern Alberta. You’ve got barley that’s pushing over $340-$350 and that’s a […] Read more
Feed weekly outlook: Solid exports support domestic barley market
MarketsFarm — Canada has already exported more barley through the first two-thirds of the 2020-21 marketing year than in any full crop year in over a decade. That solid export pace is keeping domestic prices well supported, with an increase in seeded area in 2021-22 expected. Export data from the Canadian Grain Commission through March […] Read more
Keep watch for wheat midge this growing season
This silent killer is a ‘big bad’ threat and may be out in force in some areas this year
Reading Time: 5 minutes Ask any wheat farmer about orange blossom wheat midge and they may tell you it’s the ‘big bad’ of crop insects and comparable to fusarium in terms of pure destructive power. “It’s kind of insidious,” said AgCanada entomologist Tyler Wist. “Often if you’re not out looking for it you don’t even know it’s there. Then […] Read more
Feed weekly outlook: Prices taper off ahead of report
Feedlots 'not eating as much grain'
MarketsFarm — While prices for feed wheat and feed barley in Western Canada remain substantially higher than one year ago, the past month has seen slight declines. As of Wednesday, high-delivered bids for feed wheat were at least $7.25 per bushel, more than $1.50 higher than last year according to Prairie Ag Hotwire. However, over […] Read more
Prairie cash wheat: Bids soar after weather events
U.S. May wheat futures up on week
MarketsFarm — Cash bids for Prairie wheat jumped as wintry weather made its way across the Prairies and U.S. northern Plains during the week ending Thursday. Wheat futures in the U.S. rose due to spillover from soybeans. However, a stronger Canadian dollar tempered Prairie wheat prices. Manitoba and Saskatchewan, as well as Montana, North Dakota […] Read more
Feed weekly outlook: Prairie grains firm, watching new-crop weather
U.S. corn values supportive
MarketsFarm — Tight barley supplies in Western Canada continue to keep the feed market underpinned, with gains in the U.S. corn market also providing support to grain markets in general. “We’re starting to see a bit of an early weather market in the U.S.,” Allen Pirness of Market Place Commodities in Lethbridge said. Rising corn […] Read more
Opinion: Every producer needs to manage fusarium levels on their own farms
Fusarium testing of last year’s crops found very high levels of infection in many areas
Reading Time: 2 minutes Last year, fusarium was removed from the Alberta Agriculture Pest Act. This was a clear signal from our provincial government that regulating the disease was not an effective way to prevent or even manage it. While a paradigm shift, this was a positive development for our industry. It meant the focus would transition to managing […] Read more