MarketsFarm — Feed grain prices were beginning to soften as many buyers don’t have a major need to purchase from growers, said Nelson Neumann, senior trader for Agfinity in Stony Plain, Alta. “There’s still obviously a demand, but buyers are pretty well covered for the February-March timeframe. That’s a window where a lot of growers […] Read more
Feed weekly outlook: Buyers not looking to make purchases
Gaza farmers return to lands along volatile Israeli border
Gaza | Reuters — Returning to his fields for the first time in 14 years, Palestinian farmer Naser Abu Isaeed surveyed the toll taken by conflict on formerly productive soil. “I saw an empty area full of holes and dry weeds,” said Abu Isaeed, who once grew fruit on the tracts along Gaza’s volatile border […] Read more
Rye production likely won’t increase in 2020
MarketsFarm — Strong prices served as an incentive for farmers to plant more rye in 2019, but one grower believes there won’t be as much production in 2020 due to the wet fall. “Winter cereals got seeded, but not the acres guys were planning,” said Brad White, a Saskatchewan farmer and a director with Winter […] Read more
What are your barley research priorities?
Reading Time: < 1 minute The Brewing and Malting Barley Research Institute and the Barley Council of Canada are seeking producer input on developing a national research strategy for barley. A key objective of the National Barley Research Strategy is to identify, and quantify, the research of highest importance to farmers. The survey asks respondents about topics such as how […] Read more
U.S. winter wheat conditions mostly fair to good
MarketsFarm — The condition of the bulk of the U.S. winter wheat crop, taken from data provided by 17 reporting states, was at 29 per cent fair and 48.1 per cent good at the end of January. The rest of those states’ crops stood at 4.2 very poor, 12.1 poor and 7.2 per cent excellent, […] Read more
Prairie cash wheat: Bids fall with U.S. futures
MarketsFarm — Hard red spring wheat bids in Western Canada moved lower during the week ended Thursday, as a sell-off in U.S. futures weighed on prices. Concerns that the Wuhan coronavirus would lead to a slowdown in the global economy accounted for some of the broad speculative selling that weighed on most grain markets during […] Read more
Feed weekly outlook: Rally likely to end soon
MarketsFarm — After a bit of a rally for feed grain prices over the last three to four weeks, the feedlots are on the full side, said Brandon Motz of CorNine Commodities at Lacombe, Alta. “That normally means we back off a little bit,” he said, noting there hasn’t been an uptick in deliveries with […] Read more
IGC calls for more wheat despite lowering global forecast
MarketsFarm — At close to 1.03 billion tonnes, there’s going to be more wheat in the world in 2019-20 than in the previous marketing year, according to the latest outlook from the International Grains Council (IGC). The London-based organization released its report on Jan. 23, in which it revised its previous forecast — but with […] Read more
Prairie cash wheat: Bids generally higher
MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were up for CWRS and CPSR, while durum (CWAD) bids were mostly higher. The Canadian dollar was down by more than a half cent during the week. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices ranged from up $3-$5 […] Read more
Feed weekly outlook: Temperatures rise, Prairie bids cool down
MarketsFarm — Feed grain bids in southern Alberta are cooling down as temperatures warm up after a bitter cold spell earlier in the month. After dealing with temperatures in the -20 C to -34 C range over much of the week ended Jan. 17, conditions in the key Lethbridge feeding area have flipped the other […] Read more