Canadian oat prices have been weakening recently and that trend is expected to continue into the near future due to an expected record-large U.S. corn crop, a Vancouver oat market analyst says. “Oats track corn,” said Randy Strychar of Ag Commodity Research. “It’ll continue to track it because there’s a strong statistical correlation between oats
Oat prices trend down due to large U.S. corn crop
Hog producers post summer profits, fall outlook bearish
Canada’s hog producers posted profits during the summer months, but the market outlook heading into the fall is filled with uncertainty, according to the general manager for h@ms Marketing Services. “From mid-May to present, I would suggest that most producers have made money,” Perry Mohr says. “However, I think people are kind of getting disillusioned
Old-crop barley prices seen dropping significantly
The new-crop barley harvest is roughly two weeks away in southern Alberta, meaning old-crop prices are expected to drop sharply in the near term, says an Alberta broker. “There still is a huge inverse of old to new crop and that’s starting to reconcile itself,” said Jim Beusekom, grain broker with Market Place Commodities in
Edible beans – different stories in Ontario and Manitoba
It’s a tale of two very different edible bean crops in Ontario and Manitoba this season. While the warm July weather has been favourable for Manitoba crops, extreme moisture in mid-June has caused a lot of water damage to Ontario beans. “The crops are reasonable this season, but there’s quite a bit of water
Stronger demand stabilizes mustard prices
Strong export demand for Canadian mustard from the U.S. and Europe has stabilized new crop prices as harvest continues to near, Patrick Ackerman, chair of the Saskatchewan Mustard Development Commission (SMDC), said. “Mustard seed acres have been down the last few years and there’s demand across the world for the product, so they are having
Prairie forage yields look promising
Canadian Prairie forage crops are in the process of being cut and baled for the first time this growing season, and yield outlooks are very encouraging, forage specialists said. In Saskatchewan, farmers have cut 20 per cent to 50 per cent of their forage crops, Bill Biligetu, forage management specialist for the Government of Saskatchewan,
Warm August, wet fall seen for Prairies
Warm, dry weather conditions in the Canadian Prairies are expected to continue during August, before making way to a wet fall, Drew Lerner, senior agriculture meteorologist with World Weather Inc. in Kansas City, said. “I think we’ll be going back into a wetter bias later in the growing season, and it’ll linger into the early
Canadian chickpea prices expected to trend downward
Canadian chickpea prices are expected to move lower in the near future due to various outside factors coming from India and Pakistan, Greg Kostal, president of Kostal Ag Consulting in Winnipeg said. “The parameters have been in place for a while,” he said. “The strength in the Indian rupee has kept Indian offers of chickpeas
Oat prices could move lower due to high acreage
Canadian oat prices are expected to move lower after a Statistics Canada report showed acreage up significantly in 2013-14. However, oats’ price spread relationship with other commodities will continue to strengthen,said Ryan McKnight, grain merchant for Linear Grain at Carman, Man. According to StatsCan, 3.371 million acres of oats were seeded this spring, up about
Canary seed acreage smallest in decades
Strong cereal prices, flat canary seed prices and disappointing past yields have led to the lowest canary seed acreage in Canada in decades, according to Kevin Hursh, executive director for the Canaryseed Development Commission of Saskatchewan. According to Statistics Canada’s seeded acreage report released June 25, canary seed acreage dropped to 165,000 acres in 2013-14
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