The increasing demand for lentils, especially green lentils, is raising prices while Canadian stocks are also tighter than they were a year ago.
Pulse weekly outlook: Lentil demand, prices on the rise
Reduced production in India, tariff elimination driving demand
Rising temperatures mean rising cattle numbers at auction marts
Temperature spike causes muddy pens, early breakup and animals thrown off feed
The number of cattle going through Manitoba cattle auction sites continued to increase during the week ended Feb. 1. Two weeks after frigid temperatures kept many buyers and sellers at home, warmer-than-normal temperatures to end January attracted more than 1,000 animals to the weekly sales at every site except Winnipeg Livestock Sales. In total, 11,580
CBOT weekly outlook: Downturn continues for grains
Early harvest reports from South America could affect prices
March grain futures at the Chicago Board of Trade (CBOT) were in decline during the week ended Jan. 31 despite receiving a boost on Jan. 30.
Cold keeping cattle, buyers at home
Sales were cancelled and shipping animals difficult during frigid days
Frigid temperatures, especially in southwestern Manitoba, led to one cancelled sale and very few cattle going through the rings at other auctions during the week ended Jan. 18. Severely low temperatures and bitter wind chill values prompted Heartland Livestock Services in Brandon to cancel its sale on Jan. 16. Winnipeg Livestock Sales and HLS Virden
Prairie wheat weekly outlook: U.S. futures raise Western Canadian bids
Total wheat production expected to increase to 33.3 million tonnes; total wheat carryout to 4.2 million
The relatively low prices created some interest in the export market. The U.S. Department of Agriculture (USDA) reported net wheat export sales of 451,400 tonnes in its weekly report on Jan. 25, down 36 per cent from the previous week but up 45 per cent from the four-week average. Recent severe cold weather in the northwestern U.S. Plains may have also caused some crop damage.
Feed grain weekly outlook: Buyers looking towards springtime
Analysts suggest farmers will grow less barley
Feedlots continued to purchase corn imports from the United States, putting pressure on feed barley and wheat prices in Western Canada. However, the prospective of fewer planted acres this spring could give prices a boost.
Cattle auction sites reopen for 2024
Cow and bull market better than anticipated
Four Manitoba cattle auction sites reopened during the week ended Jan. 11 after a holiday break, though buying activity hasn’t yet returned to normal levels. Gladstone Auction Mart, Grunthal Livestock Auction Mart and Heartland Livestock Services (HLS) in Brandon all conducted their first regular sales of 2024 on Jan. 9. HLS in Virden followed suit the next day,
CBOT weekly outlook: USDA estimates, weather pulling prices down
Shipping costs due to re-routing away from embattled Red Sea also affecting markets
Corn and soybean contracts hit new lows, while wheat saw its weakest prices in nearly two months on the Chicago Board of Trade (CBOT) during the week ended Jan. 17.
SaskMustard looking to add onto 2023 success
Saskatchewan produced 130,246 tonnes of mustard seed, 76.3 per cent of Canada’s crop
In total, 130,246 tonnes of mustard seed were produced in Saskatchewan, 76.3 per cent of Canada’s crop, in 2023-24 according to Statistics Canada. The 463,700 acres of mustard seed grown in Saskatchewan last year was the largest amount since 2004-05.
Feed grain weekly outlook: More U.S. corn deliveries to feedlots
Frigid temperatures unlikely to disrupt grain deliveries, analyst says
The New Year still hasn’t whetted the appetite for corn from the United States to Alberta feedlots.
Cyber-Savvy Farmer
