MarketsFarm — As demand for barley remains limp, it has become rather difficult to move the feed grain, according to Darcy Haley of Ag Value Brokers in Lethbridge. “There’s just no demand. We did barley March 10 at $320 per tonne, and in April through to July it traded at $328. That’s $7-$10 cheaper than […] Read more
Feed weekly outlook: Weak demand for barley
Cost of corn DDGS may favour barley
Manitoba sunflower yields better than anticipated
Some crops may be left over winter
MarketsFarm — With most of Manitoba’s sunflower harvest believed to be almost complete for 2023, yields have proven to be better than expected, according to Dennis Lange at Manitoba Agriculture. “I’ve heard good comments from some in the industry that the sunflower crop looks pretty good this year,” Lange said, noting Manitoba yields were estimated […] Read more
Prairie Forecast: Winter temperatures try to move in
Issued Nov. 22, covering Nov. 22-29
There is a large, deep area of low pressure spinning over the northern half of Hudson Bay along with a building area of high pressure over the Yukon. The counterclockwise rotation around the Hudson Bay low will create a north to northwesterly flow across the Prairies. This will allow the Yukon high to drop southward. […] Read more
Klassen: Canadian feeder buyers ignore weaker futures market
U.S. feedlot placements up four per cent
For the week ending Nov. 18, western Canadian feeder cattle prices traded $3-$5/cwt on either side of unchanged compared to seven days earlier. Buyers appeared to shrug off the weaker futures market and the defensive tone from a week earlier evaporated. Eastern Prairie markets were firm, with larger packages of quality cattle trading a solid […] Read more
Prairie cash wheat: Bids ease off
U.S. wheat futures turn lower
MarketsFarm — Bids for western Canadian wheat were down all around for the week ended Thursday, with Canada Prairie Spring Red (CPSR) wheat having the largest losses. U.S. wheat futures were lower as export sales continued to be weak. For the week of Nov. 3-9, 176,300 tonnes were sold for export, down 50 per cent […] Read more
Prairie forecast: One more shot of warm weather?
Issued Nov. 14, covering Nov. 15 to 18
It looks like the well above average temperatures that flooded across the prairies over the last week or so will be coming to an end, at least eventually. The good news is that it doesn't look like it will be an abrupt end with well below average temperatures moving in.
Klassen: Cash feeder prices soften on futures market uncertainty
Supplies are higher than expected as consumers reign in spending
The live and feeder cattle futures appear to be incorporating a risk discount due to the uncertainty in demand. Consumers are pulling in the reigns on spending. Interest rates are at 40 year highs and inflation remains elevated. Larger supplies and lower demand results in lower prices.
Prairie cash wheat: Bids up in early November
U.S. wheat futures up on week
MarketsFarm –– Spring wheat bids in Western Canada moved higher during the week ended Thursday, as gains in U.S. futures provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were up by $8.80-$10.10 per tonne across the Prairies, according to price quotes from a cross-section of delivery points compiled by PDQ […] Read more
Prairie Forecast: False start to winter as mild air returns
Issued Nov. 7, covering Nov. 8 to 15
It looks more and more as though our late-October cold snap and snowy conditions were indeed a false start to winter. In the last forecast I mentioned the really cold air looks to be bottled up well to our north, and it was and will be for the next week or two. You can get […] Read more
Prairie cash wheat: Weaker U.S. values pull down Canadian prices
Lower export sales drag on U.S. wheat
MarketsFarm — Wheat prices across the Canadian Prairies fell back during the week ended Nov. 2, with losses in Canada Western Red Spring and Canada Prairie Spring Red wheats, while those for Canada Western Amber Durum were mostly lower. The U.S. wheat complex lost ground during the week, due in part to lacklustre export sales. […] Read more
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