MarketsFarm — With feed barley and wheat supplies on the verge of running out, prices remain firm, according to Mike Fleischhauer of Eagle Commodities in Lethbridge. “They’re on the positive side of stationary,” he said, noting prices could soon change following the Russian invasion of Ukraine on Thursday. “With what’s going on with Ukraine and […] Read more
Feed weekly outlook: Prices steady, but changes coming
Feedlots moving to full corn rations
With fertilizer costs high and seed scarce, U.S. farmers turn to soy
'These prices are just crazy'
Chicago | Reuters — North Dakota farmer Jennifer Meyer typically devotes at least 20 per cent of her 2,500-acre farm to corn, which provides a convenient feed for the cattle she raises with her husband. But this year she is looking to find another crop for those 500 acres near Wilton as she has been […] Read more
Feed weekly outlook: Big demand lacking for barley, wheat
MarketsFarm — Prices for feed barley have swung a little higher over the last week — but it’s not due to feedlots needing a lot of the cereal, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Barley prices, he said, were $420-$424 per tonne delivered into Lethbridge, with offers as high as $445 […] Read more
Bayer rolling out short corn variety tolerant of weather extremes
Reuters — Global farm chemicals and seeds maker Bayer will launch a corn variety in the United States next year that it says will better tolerate heavy winds associated with climate change, estimating future sales in North America as high as one billion euros. The corn, which grows one-third shorter than current varieties, will be […] Read more
Feed weekly outlook: Corn seeing higher prices, transportation delays
MarketsFarm — Corn has become the primary feed grain in Alberta feedlots due to its lower price compared to barley and wheat. However, rising corn prices in the U.S. and transportation issues are causing some buyers to give pause. “Basic levels are a little bit stronger. (Add in) the exchange rate, there are a little […] Read more
CBOT weekly outlook: More adjustments expected after lacklustre USDA report
MarketsFarm — Updated supply/demand estimates from the U.S. Department of Agriculture on Wednesday included only minor revisions, with the lacklustre report doing little to move the market. While South American production numbers were revised lower, further downward revisions are likely in subsequent reports, according to a market analyst. “We were a little surprised the USDA […] Read more
Feed weekly outlook: Alberta blockade affects feed grain deliveries
MarketsFarm — A truck blockade at a Canada-U.S. border crossing at Coutts, Alta. has caused some headaches for grain buyers in southern parts of the province. Since Saturday, commercial trucks and other vehicles have blocked Highway 4, a 103-km stretch which runs from the border to Lethbridge, to protest COVID-19 health measures. On the U.S. […] Read more
Feed weekly outlook: Markets facing uncertainty
MarketsFarm — Feed grain markets in Western Canada are facing some uncertainty amid tight domestic supplies and reports of transportation issues bringing up corn from the United States. “It’s very strange,” said Susanne Leclerc of MarketMaster Ltd. in Alberta. “You see stories like that (reporting on feedlots running low on grain), then you talk to […] Read more
Feed weekly outlook: Status quo for now, but change coming
MarketsFarm — Feed grains in Western Canada have been holding close to the status quo for the last little while, but that’s likely to change, according to Jim Beusekom of Market Place Commodities in Lethbridge. He pointed to increases in corn and wheat this week in U.S. futures markets, in which corn has gained about […] Read more
Feed weekly outlook: Alberta bids see slight gains
MarketsFarm — Alberta feedlots are only buying feed barley and wheat on a hand-to-mouth basis as demand remains unchanged, according to a local trader. “A lot of the feedlots we work with are buying what they needed and getting covered,” said Agfinity Inc. senior trader Erin Harakal from Stony Plain, Alta. High-delivered bids are $12.93 […] Read more
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