MarketsFarm — Canadian farmers grew less canola and durum than originally thought in 2022, but more barley and oats, according to updated production estimates from Statistics Canada released Friday. “There were both bullish and bearish surprises,” MarketsFarm Pro analyst Mike Jubinville said. While canola production of 18.174 million tonnes was still up considerably from the […] Read more
StatCan data show smaller Canadian canola, durum production
Report also logs more barley, oats than previous estimates
Feed weekly outlook: Looming corn imports to keep lid on Prairie barley
MarketsFarm — Large shipments of corn from the U.S., slated for delivery to Alberta’s feedlot alley, should keep domestic barley prices under pressure going forward, according to an analyst. “The barley price here will gradually decline,” said Errol Anderson of Pro Market Communications in Calgary, adding that up to 30 unit trains of U.S. corn […] Read more
Opinions divided ahead of StatCan production report
Agency's previous estimates model-based
MarketsFarm — Ahead of the crop production report from Statistics Canada (StatCan) due out Friday, trade expectations are above and below what the federal agency estimated in September. In August, and in September, StatCan issued production reports based on a satellite model and without any input from farmers filling out surveys. That has caused some […] Read more
Feed weekly outlook: Grain prices expected to hold firm
'The farmer doesn't seem super interested in selling'
MarketsFarm — Feed prices on the Prairies are likely to remain steady through to the new year, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “I think the markets for now are to be flat,” he said, noting there has been talk in the market of 25 trains of U.S. corn that have […] Read more
These are anything but normal times in the markets, says analyst
There’s not one, but three, powerful new factors at play — war, tight supplies, and rising interest rates
Reading Time: 4 minutes Glacier FarmMedia – We live in strange times, says a veteran market analyst. “I look at these markets as bipolar in some cases,” said Mike Jubinville, senior analyst with MarketsFarm. “On one hand, the macroeconomics have potentially bearish demand implications as fears of a recessionary environment take hold. But on the other hand, we have […] Read more
Feed weekly outlook: More corn, oats in feed rations
'Very weird situation to be seeing again'
MarketsFarm — As prices for feed barley and wheat increase, more feedlots are turning to corn, according to Susanne Leclerc of Market Master Ltd. at Edmonton. “A lot of places are switching to corn. The desirability of feed barley has been coming down,” she said. “So it will be interesting to see which way the […] Read more
Feed weekly outlook: Grain supplies good, freight costs higher
'They don't have as many drivers as normal'
MarketsFarm — There are still sufficient supplies of feed barley and wheat to be had on the Canadian Prairies — but there are issues with getting that feed from point to point, according to Erin Harakal, senior trader at Agfinity at Stony Plain, Alta. “I do think there are enough supplies from what we have […] Read more
Strong commodity prices to continue: FCC
Reading Time: < 1 minute Farm Credit Canada is forecasting “another year of excellent crop prices,” albeit with big declines for some crops. The ag lender predicts canola will average $870 a tonne this crop year, which is $100 below the 2021-22 average but well above the five-year average of $490. FCC forecasts spring wheat prices to average $430 a tonne […] Read more
Feed weekly outlook: Good quality, yields amid rising feed prices
MarketsFarm – With harvesting operations coming to a close, there were very few complaints about the quality and yields of new crop feed grains, according to one Lethbridge, Alta.-based trader. “Quality-wise, everything’s been sounding good for the most part. A couple of areas might have a bit of lighter bushels, but for the most part […] Read more
Klassen: Alberta feedlot backlog limits demand for feeder cattle
Compared to last week, Western Canadian yearling prices traded steady to $2 lower on average while calf markets were down $3 to $5. Feedlots in Alberta and Saskatchewan are backed up with significant numbers of market ready fed cattle which has set a negative tone for replacement cattle. Carcass weights are nearing historical highs. Barley […] Read more
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