MarketsFarm – The week between Christmas and New Year’s Day is typically a time for the markets to slow down, and at the Chicago Board of Trade (CBOT), that’s certainly the case. At approximately 10:50 a.m. CST, the volumes for both the highly-traded March corn and soybean contracts did not exceed 78,000, while a typical […] Read more
CBOT weekly outlook: All quiet on the CBOT front
Pulse weekly outlook: Transport issues, cold weather may affect prices
MarketsFarm – While significant price movement for pulses has been hard to find as 2022 approaches, major impacts can still be felt when it comes to supply chains. “This time of year, it is very quiet for farmers, processors, exporters, shipping and everything overall,” said Lionel Ector, president of Diefenbaker Spice & Pulse (DSP) in […] Read more
Mustard supply crunch fuels price spikes
MarketsFarm – As the world’s largest producer of mustard, a sharp decline in Canadian production has already made a major impact on supply and prices. Despite an increase in seeded acres, Canada’s mustard production dropped 28 per cent to 71,000 tonnes for the 2021-22 marketing year, according to Statistics Canada’s September crop report. Of the […] Read more
Canadian spring wheat bids dip with Minneapolis futures
MarketsFarm – Losses in Minneapolis wheat futures weighed on Canadian spring wheat cash bids during the first week of November, although a softer tone in the Canadian dollar did lend some support. Durum bids across the Prairies were up on the week. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by […] Read more
Canadian canola oil content well below average
Canada’s hot and dry growing season in 2021 cut into the oil content of the country’s canola crop, with preliminary data pointing to the second-lowest oil content of the past two decades. Preliminary sample data compiled by the Canadian Grain Commission shows average oil content for number one quality canola in 2021/22 at 41.9 per […] Read more
Feed weekly outlook: U.S. corn filling Canadian feed shortages
MarketsFarm – As winter approaches, corn is making up a greater appearance in feed channels, supplanting barley and wheat in the process. “In Western Canada, the yields were significantly lower than average. So we’re importing a lot of feed into Western Canada, mostly corn and corn with DDGs (dried distillers’ grains),” said Allen Pirness, manager […] Read more
The scramble is on for canola
Reading Time: < 1 minute The country’s smallest canola harvest in 13 years is forcing importers such as Japan and Mexico to pay more or scramble for supplies elsewhere. Both export markets and domestic crushers are coming up far short of normal supplies. Exports were only 388,000 tonnes in the first seven weeks of the new crop year (which began […] Read more
Make the best of a bad year with astute grain marketing, say experts
Soaring wheat prices could go higher still, but get advice and be nimble, say market watchers
Reading Time: 5 minutes Drought conditions across Western Canada and elsewhere have driven wheat yields down — and wheat prices up. “I’m having trouble remembering any time in history where we have seen prices for fall delivery ahead of harvest this high,” said Mike Jubinville, senior market analyst with MarketsFarm. “It’s not the all-time record high for wheat prices […] Read more
ICE weekly outlook: Major canola supply issues ahead
MarketsFarm – There’s a looming problem that’s on the verge of surfacing in the Canadian canola market – many growers will be unable to fulfill their contracts due to lower production. The drought across the Prairies dashed canola production estimates from the initially anticipated 20 million tonnes, to something that could be in the range […] Read more
Will seasonal grain pricing hold this year?
Reading Time: < 1 minute If you’re expecting history to repeat itself, sell some canola soon or wait until post-harvest. Prices tend to follow a set pattern over the course of the year, says provincial crops market analyst Neil Blue. A chart using price data from 2011 to 2020 and a baseline of 100 shows prices rise to above 104 […] Read more
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