Canadian dollar could soon hit par with American greenback The Canadian dollar reached a three-month high recently, reversing recent losses following the U.S. Federal Reserve’s decision not to slow its monetary stimulus. In the near term, the loonie could reach par with the U.S. dollar, said Shaun Osborne, TD Securities’ chief FX strategist. “Par to
Canadian dollar could soon hit par with American greenback
Hog producers could see profitable winter
A profitable summer for Canadian hog producers may extend into the fall and winter months, as the margin between hog prices and the cost of feed is seen to be very favourable. “Based on what we know today, we’re experiencing significantly higher prices than what we expected to at this time frame, and feed prices
Lethbridge barley losing $5-$10 per tonne a week
Lethbridge barley prices are seen continuing to weaken as the ongoing harvest and ideas of above-average crop production have been bearish. “We’re still in a downtrend,” said Jim Beusekom, a grain broker at Market Place Commodities at Lethbridge, Alta. “Lethbridge barley is trading in the $170-$180 per metric tonne range today, so we’re losing a
Alta. harvest underway, good yields reported
Harvest is underway throughout Alberta with some regions already reporting good yields, according to a crop specialist with the provincial Ag-Info Centre. “We don’t have reports from the Peace River, northwest and northeast regions, but in the south, we’ve had some pretty good reports of yields,” Neil Whatley said. “Field peas are a bit higher
Canary seed prices slowly trend downward
Despite significantly lower production expectations this year and tight carryover supplies, Canadian canary seed prices are seen continuing to slowly move lower as harvest approaches. According to Agriculture and Agri-Food Canada’s August outlook for principal field crops, canary seed production is expected to drop by 50,000 tonnes this year, while carryout stocks are expected to
Mustard yields ‘all over the map,’ analyst says
Canada’s mustard harvest is ongoing throughout the Prairies, with yields varying greatly from field to field, said Patrick Ackerman, chair of the Saskatchewan Mustard Development Commission (SMDC), said. “Mustard yields are all over the map,” he said. “I’ve heard poorer yields than last year, and I’ve heard better yields than last year. It’s kind of
Chickpea prices continue to weaken as harvest begins
Canadian chickpeas prices continue to weaken as the harvest begins, but factors outside of harvest pressure are seen as creating the market’s weakness. “The whole pulse industry is struggling when you have currency instability, large crops and decent growing conditions,” said Greg Kostal, president of Kostal Ag Consulting in Winnipeg. “In terms of chickpeas, Pakistan
Prairie farmers expected to replenish feed supply
Good forage crops across Western Canada will help farmers replenish their supplies after a long winter led to very low carryover stocks, crop specialists said. Ken Ziegler, forage specialist with Alberta Agriculture and Rural Development at Rocky Mountain House, said most areas across the province are moving onto to second or third cuts and reporting
Tight carryover stocks keep flax prices steady into harvest
Prairie flax prices have declined throughout the growing season, but Will Hill, president of the Flax Council of Canada, said he expects prices to remain steady into harvest due to the tight carryover stocks from the previous season. “I think we’ve seen prices come off from the highs earlier in the year to reflect the
Sask. farmers could hold lentils until prices strengthen
Saskatchewan farmers are in the early stages of harvesting lentils — but with prices already starting to taper off, comes some speculation growers will hold off on selling lentils until the market strengthens, according to Shawn Madsen, operations manager for Southland Pulse. “Prices have been moving south,” he said. “It seems there is little demand
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