MarketsFarm — Warmer-than-normal temperatures and ongoing dryness in both Western Canada and the U.S. helped raise Prairie wheat bids for the week ended Thursday. Rains fell onto parts of northern and central Alberta on Thursday, but the rest of the Prairies only saw sporadic showers, if any, during the week. Traders on the Chicago Board […] Read more
Prairie cash wheat: Spring wheat bids higher, durum down
Not much rain outside northern, central Alberta
Feed weekly outlook: Prices, shipments steady as dryness continues
Drought 'priced into the market already'
MarketsFarm — Demand for feed grains at Alberta feedlots continues unabated as more corn from the United States makes its way into the province. “Demand at feedlots has been status quo. Feedlots are buying imported U.S. corn and DDGS. Along with that, there is also barley and feed wheat. They are getting enough supplies right […] Read more
Prairie Forecast: Alberta low looks to dominate
Forecast issued June 14, covering June 14-21
So far, the weather models have been doing a good job with the medium-range forecasts, only falling off late in the forecast period. Of course, in the summer, short-range forecasts can be difficult, especially when it comes to just when and where thunderstorms will develop. I always find it interesting that a forecast could be […] Read more
ICE weekly outlook: Canola will follow soyoil up or down
Prairie weather another guiding factor
MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an […] Read more
Klassen: Feeder cattle under 500 lbs. jump over $400
U.S. beef output expected down in 2024
Compared to last week, western Canadian yearling prices for 800-lb.-plus cattle traded $8-$10/cwt higher. Feeder cattle in the range of 600-800 lbs. were up $6-$8/cwt on average. Calves weighing 500-600 lbs. were unchanged to $10 higher, although supplies were limited. Feather-light calves under 500 lbs. traded $10 to as much as $30 over week-ago levels. […] Read more
Western Canada covered in smoke as wildfires loosen grip on Quebec
Over 200 of 449 wildfires now out of control
Ottawa | Reuters — Smoke shrouded Western Canada on Monday as wildfires flared again in the main oil-producing province of Alberta, while firefighters in Quebec doused some of the worst early-season blazes, allowing thousands of evacuees to return home. Canada is enduring its most destructive start to wildfire season, with about 4.8 million hectares — […] Read more
Drought expands across Canadian Prairies
Dry conditions push eastward in Manitoba
MarketsFarm — Warm and dry conditions across much of the Prairies in May caused drought conditions to worsen, especially in Alberta, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada. As of May 31, an estimated 79 per cent of the Prairie region was classified as abnormally dry (D0) or in moderate […] Read more
Prairie cash wheat: Hard red spring wheat bids rise
MGEX wheat rally offsets rising loonie
MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, as a rally in Minneapolis spring wheat futures countered the bearish influence of a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8.80-$10.70 per tonne across the Prairies, according […] Read more
Calgary-area MLA named Alberta’s new ag minister
RJ Sigurdson to handle ag file, Horner moves to finance
The Alberta government’s caucus lead on emergency medical services (EMS) reform has been promoted to handle the agriculture file in a post-election cabinet shuffle. RJ Sigurdson, MLA for the constituency of Highwood, just south of Calgary, was sworn in Friday by Lt.-Gov. Salma Lakhani as Alberta’s new minister of agriculture and irrigation, replacing Nate Horner. […] Read more
Prairie Forecast: Switch in pattern but summer sticking around
Forecast issued June 7, covering June 7-14
The weather models are doing a good job handling all the heat and humidity that has been driving thunderstorms and breaking temperature records across the eastern half of the Prairies over the last week. To the west it has been a little cooler and drier, with not as much instability to deal with, but nonetheless, […] Read more
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