MarketsFarm — Producers are anxious to stock up on feed grains as weather across the Prairies has remained dry. “We’ve been seeing buyers being quite aggressive [when] bidding on all feed grains,” explained Nelson Neumann of Agfinity in Lethbridge. “Nobody wants to be caught without anything over the summer.” With little precipitation in the forecast, […] Read more
Feed weekly outlook: Grain prices strong as dry weather persists
Oats market solid, watching weather
MarketsFarm — Tight old-crop supplies are keeping oats prices well supported in Western Canada, although buyers are covered for the time being and waiting for a clearer picture on new-crop production. “It’s tough to find old-crop demand currently, as many larger-scale end-users are covered,” said Ryan McKnight of Linear Grain at Carman, Man. Most buyers […] Read more
StatsCan confirms smaller canola acres, more wheat
MarketsFarm — Canadian farmers intend to seed more spring wheat and less canola in 2019, according to Statistics Canada survey results released Wednesday. Additional shifts are also likely in subsequent reports, as dry conditions in southern Alberta and Saskatchewan may alter some intentions. Statistics Canada forecast canola area for 2019 at 21.3 million acres, which […] Read more
Canadian farmers to reduce canola plantings by seven per cent
Winnipeg | Reuters — Canadian farmers intend to plant seven per cent fewer acres of canola this spring compared with a year earlier, even less than expected by analysts and traders, as a dispute with China hampers demand, a government report showed on Wednesday. China and Canada are locked in a diplomatic and trade dispute […] Read more
StatsCan canola stocks numbers point to big carryout
As two analysts looked at Statistics Canada’s latest report on total stocks of principal field crops, they immediately zeroed in on canola. Statistics Canada’s report, released Tuesday, shows canola stocks as of Dec. 31, 2018 were at 14.553 million tonnes, up 4.9 per cent from year-earlier levels, “The numbers are sort of in line with […] Read more
Glyphosate raises milling questions
There’s more to the controversy surrounding glyphosate than whether the herbicide is safe to use or not: one miller has said it found oats and other grains treated with pre-harvest glyphosate don’t mill as well as untreated grains. Since 2015, Grain Millers Inc. has had a glyphosate-free policy on oats, said Eric Deblieck, a crop […] Read more
Charts point toward pullback for oats
CNS Canada — If you’re looking to sell some of your oats, now is the time to do so, according to Ed Baldwin. “We contacted our clients and said ‘Hey, if you got oats you want to sell, price them today,’” Baldwin, manager of advisory services and grain marketing for AgChieve Grain Marketing Experts in […] Read more
Cash oats solid, acreage increase likely in 2019
CNS Canada — Recent volatility in lightly-traded Chicago Board of Trade oats futures has not been felt in the Canadian cash market, where values look solid heading through the winter months. March oats in Chicago hit a contract high of US$3.175 per bushel on Monday, but was back trading at around US$2.90 per tonne two […] Read more
Positives and negatives both loom in cereal outlook
CNS Canada — There was a mix of good and bad from two senior market analysts when it came to their outlook for cereal crops. Jonathon Driedger and Neil Townsend, both with FarmLink Marketing Solutions, gave their thoughts about the global markets for wheat, durum, feed barley and oats Wednesday at the Grain World conference […] Read more
Feed weekly outlook: Grains flood Alberta market
CNS Canada — Feed grain prices in Alberta have come down as producers have rushed to sell downgraded crops. “Last week the phones were blowing up… right now I think we’re seeing some better weather, so everyone’s outside and the phones are probably going to light up again next week,” said Nelson Neumann, grain trader […] Read more
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