I have been waiting to see if the weather models were going to come into agreement on the upcoming shift on our weather pattern and for the most part, they have: it’s going to get cold! A large area of low pressure has formed over the eastern Arctic and the counterclockwise rotation around that low […] Read more
Prairie Forecast Update: Cold and some snow coming
Issued Oct. 22, covering Oct. 22 to 25
Prairie cash wheat: Spring wheat bids rise with U.S. futures
Weaker loonie also offers support
MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, as gains in U.S. futures and weakness in the Canadian dollar provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5-$10.20 per tonne across the Prairies, according to price quotes from […] Read more
Feed weekly outlook: Grains steady, waiting on U.S. corn imports
Barley yields might beat StatCan expectations
MarketsFarm — More feed barley is reportedly making its way into Alberta cattle rations for the time being as recently-harvested supplies are competitive with corn imports from the U.S. While nearby demand is keeping the domestic market reasonably steady, more corn will likely start making its way north over the next month. Feed barley is […] Read more
Former ag minister returns in new Manitoba cabinet
Kinew names Kostyshyn to ag portfolio
Incoming Manitoba Premier Wab Kinew has brought a former provincial agriculture minister back to the cabinet table to handle the ag file. Ron Kostyshyn, who from 2012 to 2016 was then-premier Greg Selinger’s ag minister while serving as MLA for the northwestern riding of Swan River, was sworn in Wednesday as minister of agriculture in […] Read more
Prairie Forecast: Warmer, colder… then snow?
Issued Oct. 18, covering Oct. 18-25
Not surprisingly for this time of the year, the last forecast didn’t play out exactly as expected, but overall, it was pretty darn close. The large area of high pressure that was forecasted to develop over the northern Prairies and slowly drop southward did just as forecast, but over the first few days the high […] Read more
Pulse weekly outlook: Smaller North American dry bean crops to underpin prices
Canada's edible bean crop estimated smallest since 2016
MarketsFarm — Variable weather conditions during the 2023 growing season cut into edible bean production in some key North American growing regions, with tighter supplies overall likely to keep prices well supported. “The whole world is a little short of beans this year,” said Mitch Coulter, executive director of the Northarvest Bean Growers Association in […] Read more
Prairie cash wheat: Most bids lower
U.S. wheat futures down on week
MarketsFarm — Bids for Canada Western Red Spring (CWRS) wheat were lower in Manitoba, but higher in the rest of the Prairies, while those for Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheat also went down during the week ended Thursday. U.S. wheat futures declined for the week, but were supported […] Read more
Prairie Forecast: Sprawling high to bring dry, seasonably warm weather
Issued Oct. 11, covering Oct. 11-17
For the first time in a while, the last forecast period did not play out exactly as the weather models predicted, thanks mostly to a strong area of low pressure that moved westwards from the Atlantic into central Ontario last weekend and into the first half of this week. While the low didn’t impact the […] Read more
Feed weekly outlook: Demand for feed grains ‘in a lull’
U.S. corn harvest a work in progress
MarketsFarm — Despite prices continuing to come down for feed grains in Western Canada, demand for them is currently at a standstill, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “I think we’re in that lull time right now between corn and barley (deliveries) as the (U.S.) corn harvest is underway,” Leclerc said, […] Read more
Klassen: Steam evaporates off yearling market
August 2024 feeder futures at a premium
Compared to last week, western Canadian yearling markets traded steady to $4 lower. The yearling quality continues to fade as thicker flesh levels are starting to appear. Steer calves were down $4-$8 on average while heifer calves were down $15 to as much as $20 in some cases. From a seasonal perspective, the calf market […] Read more
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