CNS Canada — The thought of sizzling days near the end of May 2017 is helping keep feed barley prices in Western Canada well supported, according to a market-watcher. “There is that memory of last year’s drought and seeing temperatures in the high 20s and 30s at the end of May,” said Allan Pirness of […] Read more
Feed weekly outlook: Barley prices hang tight, await new crop
Feed weekly outlook: Prairie grain prices start to soften
CNS Canada — After a winter with tight supplies leading to a feed grain price rally in Western Canada, prices are starting to back off. “It’s been breaking free a little bit. Kind of surprisingly this year it took till seeding time to see that happen. We’ve seen markets rally right up till May,” said […] Read more
Morocco gives millers incentives to use domestic wheat
Rabat | Reuters — Morocco on Friday announced a set of incentives for local millers to opt for domestic wheat instead of imports. They include a flat rate subsidy of 10 dirhams (C$1.37) per 100 kilograms of soft wheat to millers using local wheat, the ministry of agriculture said in a statement. The benefits also […] Read more
U.S. wheat stocks bigger than expected, trade watching weather
CNS Canada — A larger-than-expected wheat ending stocks forecast from the U.S. Department of Agriculture weighed on the country’s wheat futures Thursday, with attention now squarely on weather conditions. The government agency pegged wheat carryout for the upcoming 2018-19 marketing year at 955 million bushels, about 30 million above average trade guesses. Total wheat production […] Read more
Feed weekly outlook: For barley acres, seeding delays will tell tale
CNS Canada — After a slight delay to the start of seeding in southern Alberta, producers are out in the fields and it doesn’t yet look like they have seeded more shorter-season acres, such as in feed barley. “Southern Alberta is a little bit later than normal (for starting seeding). But most areas, they’re kind […] Read more
Feed weekly outlook: Prairie grains continue strong rally
CNS Canada — The rally on which southern Alberta feed grain prices have been riding since the start of the year continued this week. “Right now (we’re seeing) some of the best prices on barley for farmers that have been seen in Alberta for a while,” said Joshua Boyko of CorNine Commodities in Lacombe. According […] Read more
Feed weekly outlook: Barley prices rising for northern Alberta feedlots
CNS Canada — While feed barley prices are holding steady in the Lethbridge area, further north around Edmonton, prices are starting to climb. “We’re starting to see already just difficulty with loading here and there and buyers getting caught off-guard with not getting barley coming in when they needed it to happen. And that’s spurring […] Read more
Feed weekly outlook: Prairie wheat stored as southern Plains dry out
CNS Canada — A rise in U.S. corn prices has helped lift the entire feed market in southern Alberta, though one industry expert says it isn’t the only factor strengthening the market. “Barley is getting increasingly difficult to buy as we clean up old-crop supplies,” said Allen Pirness of Market Place Commodities at Lethbridge. Cattle […] Read more
Smucker seen considering sale for Robin Hood, other baking brands
Reuters — J.M. Smucker is considering a sale of its baking brands, including Pillsbury and Robin Hood, Bloomberg reported on Thursday, citing people familiar with the matter. The unit could fetch as much as US$700 million (C$902.4 million), Bloomberg reported, citing one of the sources. A final decision to pursue a sale has not been […] Read more
Feed weekly outlook: Prairie feed grain prices on rise
CNS Canada — Prices are rising for feed grains in Lethbridge, with buyers starting to consider their options. “Seems every day this last week we’re surprised at higher offers being triggered than the day before,” said Jared Seitz, trade manager with Agfinity Inc. In Lethbridge, feed barley bids last week were at $5 per bushel […] Read more
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