Speculation regarding a potential trade deal between the United States and China is sparking movement on the Chicago Board of Trade (CBoT). Ryan Ettner, broker for Allendale Inc. in McHenry, Ill., said there was optimism on the markets last week when trade representatives from both nations restarted talks. With the countries’ current deal expiring at
CBOT weekly outlook: Potential U.S.-China trade deal moving markets
Rains make sunny days for sunflower crops
MarketsFarm — Despite drought conditions throughout southern Manitoba decimating crops during the summer, late rain showers in some areas are improving harvests of one crop in particular. Precipitation in August helped improve the sunflower seed harvest in areas of Manitoba, with the province reporting on Oct. 13 average yields of more than 2,000 lbs. per
Pulse weekly outlook: Yellow peas selling at a premium
Local fractionation markets competitive
MarketsFarm –– Last summer’s lacklustre pea harvest in Western Canada has helped raise prices, but none more so than those of yellow peas. Yellow peas were trading at a high-delivered bid of $17.50 per bushel, according to Prairie Ag Hotwire data from Monday, up $1.50 from the same time last month and $9.50 from the
Prairie cash wheat: Bids mixed as harvest comes to close
U.S. December wheat futures up on week
MarketsFarm — The spring wheat harvest coming to a close in the Prairie provinces and cuts in production estimates south of the border have caused mixed bids in Western Canada for the week ended Thursday. All three Prairie provinces have either completed or have nearly completed spring wheat combining, bringing harvest pressure to prices. Meanwhile,
Pulse weekly outlook: Pea protein in demand despite falling yields
MarketsFarm — Very few crops took more of a hit during the drought-stricken summer of 2021 than dry peas. Meanwhile, firm international demand and tightening stocks will raise pea prices even higher. According to Agriculture and Agri-Food Canada’s (AAFC) latest field crop estimates released Friday, pea production dropped 45 per cent at 2.527 million tonnes
‘Perfect storm’ causes fertilizer price spikes
'Most of us are in a "wait-and-see" position'
MarketsFarm — Fertilizer prices have increased over the past year, but could be headed even higher as a recent confluence of events has caused a shortage — the effects of which may affect producers past the New Year. “Particularly, in the last few weeks, there have been a number of supply events which have really
AAFC lowers ending stocks estimates on crops
MarketsFarm — Canadian producers will see much tighter grain and oilseed stocks at the end of the current 2021-22 marketing year than what was expected last month, while those for pulse and special crops remain mostly steady. Agriculture and Agri-Food Canada’s (AAFC) September supply/demand estimates, released Friday, project 2021-22 ending stocks for all principal field
Feed weekly outlook: Harvest lowers wheat, barley prices
MarketsFarm — With the hot and dry summer of 2021 now in the rearview mirror, the higher-than-normal prices for Alberta feed wheat and barley are starting to taper off as combining nears completion. “I think what we’ve been seeing for feed barley prices in (southern Alberta) is anywhere from $380 (per tonne) for October and
CBOT weekly outlook: Harvest moving markets sideways
Updated, Sept. 22 — MarketsFarm — Harvesting continues to progress in both Canada and the United States, resulting in quiet activity at the Chicago Board of Trade (CBOT). “Right now during harvest, the corn, wheat and beans are all stuck in a narrow range,” said Ryan Ettner, trader for Allendale Inc. at McHenry, Ill. “For
Prairie cash wheat: Prices rise as worldwide stocks fall
U.S. December wheat futures up on week
MarketsFarm — Continued tightening of worldwide wheat stocks has raised spring wheat prices in Western Canada during the week ended Thursday. As winter wheat planting in North America and Europe begins, dry conditions remain a threat not only in North America, but also in Argentina and Russia. The U.S. Department of Agriculture (USDA) also predicts
Cyber-Savvy Farmer
