MarketsFarm — Corn is still moving into feedlots in southern Alberta as it approaches not only the end of its contracts, but also the end of winter. “We’ve been seeing here in Lethbridge prices at $395-$400 per tonne ($10.03-$10.16 per bushel),” said Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta. “It seems
Feed weekly outlook: Prices continue to soften as April approaches
Seeding start in Alberta remains a question mark
CBOT weekly outlook: Traders await stocks, plantings reports
USDA estimates due out Friday
MarketsFarm — Traders on the Chicago Board of Trade (CBOT) will play close attention to a pair of reports due out from the U.S. Department of Agriculture (USDA) on Friday at 11 a.m. CT. The Grain Stocks and Prospective Plantings reports will provide a glimpse as to how much of each crop remains in the
Pulse weekly outlook: For growers, spring still far away
Just 'minor changes' expected in Manitoba acres
MarketsFarm — Springtime still seems distant for southern Manitoba as snow remains and freezing temperatures persist. However, provincial pulse specialist Dennis Lange said current conditions are setting up well for seeding after temperatures rise and snow melts. “We’re still a little ways off. There are still snow drifts in the fields in most areas of
Winter awakens, spring approaches
Two weekly sales in western Manitoba are called off due to storm
Despite a blizzard barreling into southwestern Manitoba on March 11, which cancelled two cattle auctions, there were still signs of spring during the week ended March 16. Four auction sites, Ashern, Gladstone and Ste. Rose Auction Marts, as well as Winnipeg Livestock Sales, reported fewer cattle in the rings than the previous week. Grunthal Livestock
ICE weekly outlook: Canola continues its collapse
Limited demand, more farmer selling seen
MarketsFarm — After losing $62 per tonne the week before, the May contract on the ICE Futures canola market extended its losses for the week ended Wednesday with little relief on the horizon. Winnipeg-based trader Jerry Klassen of Resilient Commodity Analysis said the massive selloff is the result of farmers realizing there wouldn’t be a
CBOT weekly outlook: ‘Crazy times’ on the markets
U.S. stock markets, crude oil under pressure
MarketsFarm — Macroeconomic factors caused plenty of distress on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Already dealing with whether the U.S. Federal Reserve will continue to raise key interest rates, the collapse of California-based Silicon Valley Bank and concerns over Credit Suisse have rattled global markets, which included a $4
Canary seed set for more acres
Crop seen as competitive against wheat for area in West
MarketsFarm — While the price of canary seed in Western Canada has come down over the past couple of years, there is optimism that acres devoted to the specialty grain will increase in 2023. David Nobbs, pulse merchant for Purely Canada Foods in Saskatoon and former chair of the Canary Seed Development Commission of Saskatchewan,
Prairie cash wheat: U.S. futures drag down wheat bids
Potential for more interest rate hikes remains
MarketsFarm — Hawkish comments from the chair of the U.S. Federal Reserve and the possible renewal of the Black Sea Grain Initiative brought down wheat futures on the Chicago Board of Trade (CBOT) for the week ended Thursday — and, in turn, pressured western Canadian wheat bids. In front of the U.S. Senate banking committee
Feed weekly outlook: Corn the choice crop in feedlots
'Bigger feedlots are looking for volume'
MarketsFarm — Copious amounts of corn are still being delivered to feedlots in southern Alberta despite slowly declining prices for other feed grains. “Corn is coming down over the last little bit,” Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said. “You think that there would be a little bit more barley hitting the market.
Pulse weekly outlook: Manitoba growers not worried about Merit situation
Pea, canola protein processor in receivership
MarketsFarm — After Manitoba-based plant protein processor Merit Functional Foods went into receivership last Wednesday, Manitoba Pulse and Soybean Growers (MPSG) executive director Daryl Domitruk said it is not a microcosm of the province’s pulse industry. Domitruk said MPSG learned about Merit’s financial situation through the media. He also added that some Manitoba pea growers
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