Reading Time: < 1 minute It’s a fact — government agricultural reports can affect the market. Those who follow crop and livestock markets often see the dramatic reaction these reports can have on prices, says provincial market specialist Neil Blue. “The reports are usually the result of a survey of inventory, or of estimated inventory and estimated use of crops […] Read more
Watching what moves markets
Monitoring response to government crop and livestock reports helps with risk assessment and marketing plans
More cattle heading to market as drought worsens
Emphasis was on growing the herd, but that’s been nearly abandoned due to dry conditions
Reading Time: 3 minutes It’s just a trickle now, but there are fears of a flood of cattle going to market if the drought continues. “It’s a little too early to be splitting up pairs, but we are seeing some pairs sell,” said Anne Wasko, market analyst with Gateway Livestock Services. Sale figures are being closely watched these days […] Read more
Rye prices seen high, but stable
CNS Canada –– Rye crops have been reacting to Saskatchewan’s heat and dryness by developing faster than they would normally be — but healthy crops elsewhere appear to be helping to keep global prices stable, at least for the time being. U.S. crops may stop rye prices from moving too turbulently, at least until Canada’s […] Read more
Mystery stocks keeping canary seed from rallying
CNS Canada — When the world needs canary seed, it calls on Saskatchewan, but whether the province will be able to answer this year remains a mystery. Canary seed grown in Saskatchewan accounts for about 70 to 80 per cent of the international trade in the grain used mostly as bird feed, according to Kevin […] Read more
Yields to take precedence over acres in Canada
CNS Canada –– Canadian farmers seeded a bit more canola and a bit less wheat than originally expected, according to updated acreage estimates from Statistics Canada, released Tuesday. However, worsening drought conditions in the western Prairies over the past month and the need for reseeding due to frost damage earlier in June mean actual yields […] Read more
Questions abound ahead of StatsCan acreage report
CNS Canada — Statistics Canada will release its updated acreage estimates for the year on Tuesday, but the timing of the survey could lead to more questions and second-guessing than normal given the likely adjustments and yield losses over the past month. The survey was conducted before a drought took hold in Alberta and Saskatchewan, […] Read more
Wheat, canola stocks surprisingly tight in StatsCan report
CNS Canada — Canada’s ag industry was surprised to see some tighter-than-anticipated supply estimates in Statistics Canada’s latest report on stocks of grain and oilseeds Wednesday morning. StatsCan said Canadian wheat supplies, as of March 31, totaled 16.74 million tonnes — about a million lower than expected, said Mike Jubinville of ProFarmer Canada. “On the […] Read more
What’s a fair rent for a pasture? ‘It depends’
Higher cattle prices and a decline in available pastures putting upward pressure on rental rates
Reading Time: 2 minutes Higher cattle prices have some producers and landowners revisiting their pasture leases. “Pasture rental rates can be difficult to figure out because there are many factors to consider such as local availability of land and pasture, localized demand, quality of the pasture, condition of the existing fences and water, and bargaining,” said Dean Dyck, a […] Read more
Small canola acreage puts more emphasis on March 31 stocks
CNS Canada –– The canola industry will pay closer attention than usual to the upcoming Statistics Canada report on stocks as of March 31, as a smaller canola acreage figure is causing worries about tight supplies going forward. StatsCan is scheduled to release its report on Wednesday. “Because of that tighter acreage, the stocks number […] Read more
Strong new-crop prices could entice more pea, lentil area
CNS Canada — Stronger prices for new-crop lentils and peas over the past few weeks could lead to an increase in Canadian acreage compared to the Statistics Canada estimates released last week. “You have to look at the timing of when the survey was done for the StatsCan report. Of course there’s a bit of […] Read more
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