MarketsFarm — Feed markets in Western Canada have softened slightly following a jump in prices earlier this month. Nelson Neumann, a grain trader for Agfinity, said barley supply was tight earlier in the month as buyers rushed to secure their feed before spring road bans, seeding season and poor weather conditions hampered deliveries. “We saw […] Read more
Feed weekly outlook: Barley prices correct off recent highs
Klassen: Feeder market holds value
Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. Buying interest for yearlings was somewhat stronger while calves in the eastern Prairie regions were softer. Moderate temperatures are in the seven-day forecast for most of Western Canada, so the risk discount due to adverse weather has evaporated. Barley jumped an additional […] Read more
Klassen: Feeder market sends mixed signals
Compared to last week, western Canadian yearling markets were steady to $4 lower while calves were steady to $2 higher. Barley prices have jumped $3-$6 per tonne over the past week, with winter conditions hindering off-farm logistics. Alberta packers were buying fed cattle in the range of $149-$150 last week; however, in Nebraska, fed cattle […] Read more
Canola exports still sluggish, but grains solid
Canadian canola exports continue to lag behind the year-ago pace, with large supplies in the commercial pipeline, according to the latest weekly data from the Canadian Grain Commission. Canada only exported 69,900 tonnes of canola during the week ended Sunday, well below the 205,500 tonnes that moved the previous week. Total canola exports during the […] Read more
Barley ‘price war’ seen sparked by China, Saudi demand drop
Paris | Reuters — A drop in demand from China and Saudi Arabia sent barley prices tumbling in recent weeks, despite low global supply, and price pressure may continue if harvest prospects for next season remain good, analysts at Strategie Grains said. The barley market rallied earlier in the 2018-19 season with weather-hit crops in […] Read more
Feed weekly outlook: Markets steady amid cold Alberta weather
Excessively cold temperatures in Alberta may be causing headaches for both feed grain buyers and sellers, but prices remain relatively steady for what’s moving. The cold weather hasn’t really led to a significant increase in demand, but “it’s definitely made the farmer grumpy,” said Brandon Motz of CorNine Commodities in Lacombe, Alta. “In general, the […] Read more
Research clusters fund host of projects
Reading Time: < 1 minute Alberta’s cereal commissions are helping to fund 30 research projects. Alberta Wheat is giving $2.6 million, part of a $25-million effort called the Canadian National Wheat Cluster. The initiative by Ottawa and several ag groups is funding 22 variety development, pathology, agronomy and pre-breeding projects. Among the recipients are three federal researchers working in Alberta: […] Read more
Feed weekly outlook: Tight supplies, good demand support barley
Solid demand, both domestically and internationally, coupled with tightening world supplies is keeping barley bids well supported in Western Canada and should lead to increased acres this spring. “The price of feed barley is staying historically high,” said Brian Otto, chair of the Barley Council of Canada, noting feed barley at Lethbridge was currently trading […] Read more
Being open to new ideas creates opportunity
Farm family isn’t fearful of doing something different if someone is passionate about it
Reading Time: < 1 minute When Kyle Geeraert was getting his start in agriculture one of his stops was managing a grain company, where he and wife Meleah were exposed to some new malting equipment they thought had promise. Meleah happened to have some connections in the industry. She is the daughter of Spencer and Lynne Hilton and malting barley […] Read more
European malting giant to buy Cargill Malt business
Cargill’s Prairie Malt plant in western Saskatchewan is destined for new European ownership under a deal publicly proposed Thursday. The Boortmalt Group, the malting arm of French agricultural co-operative Axereal, has announced its “intention to enter into an agreement” to buy Cargill Malt from the U.S. agrifood firm for an undisclosed sum. Boortmalt, which bills […] Read more
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