Feed weekly outlook: Grain prices strong as dry weather persists

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,[...]

Feed weekly outlook: Lower stocks support grain prices

MarketsFarm -- Feed grain prices in Western Canada have been strong lately, as old-crop supplies reach seasonal lows. "We're getting to the bottom of old-crop stocks," said Allen Pirness of Market Place Commodities in Lethbridge. However, he noted, growing conditions on the Prairies have been favourable, with no indication of a "drought-induced early harvest." Old-crop[...]


Thunder Bay grain exports continue at strong pace

MarketsFarm -- Grain shipments through the Port of Thunder Bay continue to run at a strong pace, with season-to-date volumes of 4.2 million tonnes up 26 per cent on the year. A total of 961,419 tonnes of grain were shipped through the port, located on the northern shores of Lake Superior, in July, port officials[...]

Crops need rain in southwest, central regions

CNS Canada -- Dry conditions that are becoming a concern in Saskatchewan and Alberta have not become as widespread in Manitoba, although rain is needed in many parts of the southwest and central regions. Warm temperatures last week helped spur plant growth, while disease and insect worries remain low, according to the province's latest weekly[...]


Grain exports continue strong out of Thunder Bay

MarketsFarm -- The Port of Thunder Bay reported another strong grain handling month in May, as more than 1.1 million tonnes of Canadian grain and oilseeds moved through the harbour on the northern shores of Lake Superior during the month. Increased demand from many countries stockpiling grain amidst the global COVID-19 pandemic was cited as[...]

Pulse weekly outlook: Lentil prices off pandemic peak

MarketsFarm -- Lentil prices received a bit of a bump earlier in the year from peak pandemic panic-buying, but have subsided in recent weeks. "At the beginning, a lot of people were buying, which led to a spike in prices," explained Marcos Mosnaim of Globeways Canada in Mississauga. "That scarcity has come down a lot."[...]


Record-level grain handles continue for CN, CP

MarketsFarm -- Canada's two largest railways both reported new highs in grain movement for March and for their first fiscal quarters. Canadian National Railway (CN) announced Monday it had moved 2.95 million tonnes of grain last month, beating the previous March record of 2.74 million transported last year. It was also the 13th straight month[...]

Pulse weekly outlook: World Pulses Day celebrated

MarketsFarm -- The United Nations celebrated the annual World Pulses Day on Feb. 10, highlighting the contribution of pulse crops to world agriculture and nutrition. "Pulses are more than just nutritious seeds – they also contribute to achieving the goals of the 2030 Agenda of Sustainable Development," the UN said in a release. "They play[...]


Pulse weekly outlook: Canada's exports solid through first quarter

MarketsFarm -- Canadian pulse exports were leaving at the country at a solid pace through the first three months of the 2020-21 marketing year, according to the latest Canadian Grain Commission (CGC) monthly data. Canada exported 343,000 tonnes of peas in October, taking the 2020-21 year-to-date total to 1.136 million tonnes. That's up by about[...]

Strong crops in southern Alberta, weaker ratings in north

MarketsFarm – Crop conditions in Alberta are a story of opposites in looking at the data in the latest provincial crop report. In the northern half of the province excessive moisture has created poor crop conditions, while more ideal conditions in the south have resulted in ratings far above the five-year averages. Due to the[...]