MarketsFarm — Cargo movement through the Port of Thunder Bay is running ahead of the previous year’s pace, with some of the extra movement tied to increased canola exports to Europe, according to the latest data from the port authority. Total cargo movement in September of 1.1 million tonnes compares with the 919,386 tonnes reported […] Read more
Canola shipments boost Thunder Bay port activity
P+H to buy Louis Dreyfus’ Prairie elevators
Updated — Commodities and agrifood giant Louis Dreyfus Co. is stepping out of the grain handling business it built in Canada with a deal to sell its Prairie elevator network. Louis Dreyfus (LDC) announced Wednesday it has an agreement in place to sell its 10 elevators across Western Canada to Winnipeg grain company Parrish and […] Read more
Feed weekly outlook: Prices fall with rain
Feed grain prices for Lethbridge’s feedlot alley took a tumble after parts of the Prairies received some much-needed rain. Jim Beusekom, president of Market Place Commodities in Lethbridge, said barley and wheat prices recently dropped. Barley was around $285-$290 per tonne in the area, down about $10 from the week ending June 21. Wheat was […] Read more
ICE weekly outlook: Weather, politics in focus for canola trade
MarketsFarm — ICE Futures canola contracts fell to their lowest levels in a month during the week ended Wednesday as much-needed moisture also fell across much of Western Canada. While there are still plenty of areas of concern, the rain has taken some of the weather premium out of the market, said Jonathon Driedger of […] Read more
U.S. grains: Wheat rises on global weather worries
Chicago | Reuters — U.S. wheat futures climbed nearly two per cent on Monday due to weather-damaged crops in key production areas around the world, while corn and soybeans firmed as wet U.S. Midwest conditions stoked concerns about reduced harvests. Some optimism that U.S.-China trade talks may get back on track also underpinned markets. The […] Read more
Prairie dryness concerns to persist
MarketsFarm — Large areas of Western Canada remain on the dry side, with little moisture in the immediate forecasts. And while it’s still early in the growing season, the interplay of conflicting patterns from the south and north will determine whether the dry areas receive timely precipitation during the growing season. “We are looking at […] Read more
Feed weekly outlook: Feed grain prices flagging
MarketsFarm — Feed grain prices have softened across the Prairies, as seeding is well under and many producers have the coverage they need until new crops begin to come off the field in August. Markets are fundamentally bearish right now, as farmers with enough coverage can wait until prices get even lower when new crop […] Read more
Prairies can expect unexpected from El Nino this summer
MarketsFarm — The U.S. National Weather Service Climate Prediction Center on Thursday reported a 65 per cent chance of El Nino prevailing throughout 2019’s growing season. “A weak El Nino is likely to continue through the Northern Hemisphere summer 2019 (65 per cent chance) and possibly fall (50-55 per cent chance),” the CPC’s report said. […] Read more
Feed weekly outlook: Corn acreage predicted to be flat
MarketsFarm — Experts predict corn acreage will be flat in Western Canada in 2019. While flooding remains a concern to many this spring, years of dry summers have impacted soil conditions to the point where a wet spring may be a welcome reprieve. “I’m more concerned about how much moisture we will have gained because […] Read more
Sunny days seen ahead for sunflower crops
MarketsFarm — Though sunflowers were at the mercy of Western Canada’s unseasonable weather in 2018, the 2019 growing season may be more predictable. In November 2018, some Manitoba sunflower crops were late to come off the field. A cold and rainy fall delayed the Prairie harvest, lowered average yields and impacted the overall size of […] Read more
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