Hamburg | Reuters — The collapse in grain prices caused by concern about the global impact of the COVID-19 coronavirus has generated some bargain-buying by importing countries, traders said on Tuesday. But they said the extent was still limited and there were no signs importers were making especially large purchases to expand stocks. “We are […] Read more
Grain price slump attracts bargain-hunting by importers
Feed weekly outlook: Grains pressured by lower demand
MarketsFarm — Bids for feed grains have backed off previous highs as feedlots in Western Canada are covered into the New Year. “Now they’re bidding January and forward,” said Allen Pirness of Market Place Commodities in Lethbridge. Bids for feed barley and feed wheat delivered from January to March were around $220 per tonne, according […] Read more
Feed weekly outlook: Prolonged Prairie harvest pushes up grain prices
MarketsFarm — A seemingly never-ending harvest across the Prairies has been responsible for a $10-$15 per tonne jump this month in feed grain prices, said Glen Loyns, general manager of JGL Commodities in Moose Jaw. “It’s probably gone up $5 this week,” Loyns said. This year’s extended harvest, coupled with large amounts of grain to […] Read more
Alberta producer creates an ‘Expedia for grain prices’
Farmbucks compares grain prices on offer from buyers in Western Canada
Reading Time: 2 minutes Lynn Dargis was fed up trying to compare grain prices last winter. A busy farmer with a 4,400-acre grain operation, 2,000-head feedlot, and three small children, Dargis didn’t always have time to log into each grain buyer’s website to find the best prices. But she also knew she couldn’t afford to leave money on the […] Read more
Feed weekly outlook: Low ending stocks supportive
With some of the lowest ending stocks in more than a generation, feed grain prices are doing quite well in Western Canada, said Ed Baldwin of AgChieve Grain Marketing in Winnipeg. Baldwin, AgChieve’s manager of advisory services, said Canada has its lowest ending stocks for feed grains in the last 35 years. On the world […] Read more
Strong prices give grain growers a reason to celebrate
It’s been a tough growing season but higher prices for wheat, canola, and lentils have created ‘some good optimism’
Reading Time: 4 minutes It’s been a tough year for grain growers in Alberta, but strong prices are giving many a reason to celebrate as they head toward harvest. “If you look at the positives, there has been a move higher in prices in crops that are really impactful for Prairie farmers,” said Jonathon Driedger, senior marketing analyst at […] Read more
Analysts see breaks in the clouds for Alberta producers this year
A global grain glut has been weighing on prices, but wheat, barley, and pulses could go higher — and canola will continue to shine
Reading Time: 3 minutes There’s a global grain glut, but it shouldn’t have a negative effect on Alberta crop producers come fall, say two market analysts. Although it’s early days yet, both were quick to add. “We’re at the stage of the year when there are more questions than answers,” said Chuck Penner of LeftField Commodity Research in Winnipeg. […] Read more
In tough times like these, the goal is averting a disaster
The upcoming Hedging Edge workshop offers producers an introduction to options, futures, and hedging
Reading Time: 3 minutes It’s come to this. “It’s all about trying to make it a break-even year or a slight loss year, and prevent it from turning into a disaster year,” said David Derwin, commodities portfolio manager at PI Financial. A miserable harvest has created an abundance of poor-quality crops and with prices down sharply, producers are going […] Read more
Three crop marketing pros share their No. 1 tip
Reading Time: 3 minutes We asked the Hedging Edge experts for their No. 1 marketing tip for this fall. Here’s what they had to say. Neil Blue Provincial crop market analyst “My No. 1 tip — and this isn’t an earth-shaking one — is shop around. That means knowing your product first — getting a grade from potential buyers, […] Read more
The challenge ahead: Getting a decent price for downgraded crops
Discounts for lower grades are widening, and working the phones with grain buyers is crucial if you have good quality
Reading Time: 5 minutes The rain started falling in the middle of the night on Aug. 22, dumping two inches of water on John Guelly’s mature crops in less than 12 hours. And then the storm started. “I thought we had the worst of it, and then it ratcheted itself up. We ended up getting almost seven inches in […] Read more
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