Reading Time: 3 minutes The Canadian beef cattle herd has shrunk again and is now down nearly 30 per cent from the peak in 2005. As of July 1, there were 10.36 million head on beef operations, far below the 14.74 million head that were around 14 years ago, according to Statistics Canada’s latest survey. “I don’t think anybody […] Read more
Canadian cattle herd numbers continue their long decline
Alberta’s beef herd is down nearly a quarter from its peak, but slaughter numbers are actually up
Feed weekly outlook: Barley bouncing back, reducing need for corn
MarketsFarm — This year has been proving good for barley, according to trader Allen Pirness of Market Place Commodities in Lethbridge. “A lot of acres went in and that takes the edge off of supply,” Pirness said of the barley crop throughout southern Alberta. There had been a switch to corn in feed rations last […] Read more
U.S. grains: Corn hits contract lows on sluggish exports, mild weather
Chicago | Reuters — U.S. corn futures fell to life-of-contract lows on Friday, pressured by disappointing weekly U.S. export data and forecasts for benign weather in the heart of the Midwest crop belt, analysts said. Soybeans turned down, retreating from early advances, and wheat followed the lower trend. Chicago Board of Trade December corn settled […] Read more
ICE weekly outlook: Count on canola remaining rangebound
MarketsFarm — Despite three reports to be released between now and Thursday next week, canola is very likely to remain rangebound along with other oilseeds, said David Derwin of PI Financial in Winnipeg. Statistics Canada on Friday will release its report for grain stocks as of July 31; then the federal agency issues its satellite-survey […] Read more
Feed weekly outlook: New-crop expectations weigh on bids
MarketsFarm — Feed grain bids in Western Canada have trended lower over the past month amid expectations for large barley production and concerns over possible downgrades to wheat quality. “We’ve definitely seen (barley prices) soften up quite a bit,” said grain broker Nelson Neumann of Agfinity at Stony Plain, Alta. New-crop feed barley is trading […] Read more
Large oat production won’t move prices
MarketsFarm — While the most recent crop production report from Statistics Canada predicted significantly more oats than originally expected, prices will likely remain stable. Statistics Canada estimated 3.952 million tonnes of oats will be grown in 2019, up considerably from the 3.436 million tonnes produced in 2018. But low carryover stocks from previous years means […] Read more
ICE weekly outlook: Rangebound canola looks for bounce
MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday but remain rangebound overall, as market participants continued to await a clearer picture on the size of the 2019 crop. “The overall grain and oilseed complex still feels heavily weighted, but I’m hoping for at least a short-term bounce,” said Mike Jubinville […] Read more
StatsCan confirms smaller canola crop
MarketsFarm — Statistics Canada’s first production estimates for the 2019-20 crop, released Wednesday, were generally in line with expectations, although upward revisions are likely in subsequent reports. The agency’s production of principal field crops report was “bang on with expectations across the board,” according to Ken Ball of PI Financial in Winnipeg. While both the […] Read more
Hemp yield uncertain ahead of harvest
MarketsFarm — While Canada’s licensed hemp acreage nearly doubled from 2018 to 2019, yield estimates will remain uncertain until licensed producers report their crops to Health Canada after harvest. “Health Canada, for the first time, will be collecting information on hemp acres that were seeded, rather than hemp acres that were licensed,” said Ted Haney, […] Read more
StatsCan production report may show stronger yields
MarketsFarm — A challenging growing season across the Prairies has left questions in the market ahead of Statistics Canada’s production report, due out Wednesday. “It’s hard to get a handle on canola this year because, at this stage, the farmers are going to be a bit conservative and err on the side of caution,” said […] Read more
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