MarketsFarm — It was a tale of two weeks for Saskatchewan feed barley prices. The high-delivered bid for the crop on May 11 bolted from $6 per bushel to $6.75 in one day, according to Prairie Ag Hotwire data. Saskatchewan’s price spike put the bid only 80 cents behind Alberta’s. However, on May 19, while
Feed weekly outlook: Saskatchewan barley price spikes, drops
Prairie growers on lookout as insects seize opportunity
Dry conditions, delayed seeding lift pest counts
MarketsFarm — With most Prairie growers’ newly seeded crops already up against dry conditions, growers remain on the lookout for insects which further threaten the health of those seedlings. Considering the high prices of many crops this season, the potential damage would be more costly. John Gavloski, entomologist for Manitoba Agriculture, said there is a
Pulse weekly outlook: Chickpea acres ‘sharply’ down
MarketsFarm — Despite prices higher than last year’s, Canada’s chickpea acres are expected to decline this year and, in turn, will result in less production in the 2021-22 crop year. High-delivered bids for Kabuli chickpeas, the type most commonly grown in Canada, run from 25 to 35 cents/lb., three to seven cents higher than last
CBOT weekly outlook: Markets react to WASDE
MarketsFarm — Trading at the Chicago Board of Trade (CBOT) was mostly affected by the release of the U.S. Department of Agriculture’s supply and demand estimates (WASDE) released earlier today. Corn, wheat and soybeans were all projected for greater worldwide production in the 2021-22 crop year compared to the previous year. Worldwide corn production is
‘Extreme drought’ expands in Prairies
Southern Manitoba, southeastern Saskatchewan parched
MarketsFarm — The newly released map from Agriculture and Agri-Food Canada’s Canadian Drought Monitor (CDM) shows the Prairies’ ongoing drought getting worse. According to AAFC’s nationwide map released on Friday, southwestern Manitoba, parts of southern Saskatchewan and the southeast corner of Alberta are under CDM’s classification of Extreme (D3) drought as of April 30. Communities
Feed weekly outlook: Drought, demand deplete southern Alberta stocks
MarketsFarm — Prices for feed grains are continuing to go up — and with depleted stocks and dry conditions forecast for the Prairies, they are likely to rise a bit more. “There’s a shortage of corn. Corn’s at over $400 (per tonne) in southern Alberta. You’ve got barley that’s pushing over $340-$350 and that’s a
Cattle values steady despite futures’ drop
Despite falling prices on U.S. cattle futures markets, bids remained steady at auction sites in Manitoba during the week ending April 29. More than 7,200 cattle went through the rings during the week, down from 8,600 the week earlier, as feeder numbers start to settle down before the summer. While prices have remained steady for
CBOT weekly outlook: May corn, soybeans reach eight-year highs
Prices seen as indicating crop scarcity
MarketsFarm — At the Chicago Board of Trade, old-crop contracts for corn and soybeans were trading at continually rising prices over the past week and one analyst believes there is a short squeeze. The May corn contract went from about $6.50 per bushel on April 22 to $7.20/bu. five days later (all figures US$). Over
Pulse weekly outlook: StatsCan’s pea, chickpea acres short of trade expectations
MarketsFarm — Numbers were seen as disappointing for dry peas and chickpeas in Statistics Canada’s survey-based principal field crop planting projections released Tuesday. The federal agency predicted 3.839 million acres seeded for dry peas nationwide, nearly a 10 per cent decline compared to last year. By comparison, MarketsFarm projected 4.38 million acres while Agriculture and
Feed weekly outlook: Prices taper off ahead of report
Feedlots 'not eating as much grain'
MarketsFarm — While prices for feed wheat and feed barley in Western Canada remain substantially higher than one year ago, the past month has seen slight declines. As of Wednesday, high-delivered bids for feed wheat were at least $7.25 per bushel, more than $1.50 higher than last year according to Prairie Ag Hotwire. However, over
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