Wheat prices on the Canadian Prairies were mixed during the week ended Mar. 31. Canadian Western Red Spring Wheat and Canadian Western Amber Durum were lower, while there were increases Canada Prairie Red Spring Wheat.
Prairie Wheat Weekly: Red spring mixed, durum pushes up
Feed Grain Weekly: ‘A good time to secure pricing’
There has been some movement in feed grain prices across the Canadian Prairies during the week ended Apr. 3, particularly in Alberta. Susanne Leclerc of Market Master Ltd. in Edmonton chalked that up to factors such as road bans and the approach of spring seeding. She also noted a change in corn.
Less North American flax acres, higher prices in Western Canada
Flax prices have been steady to higher over the last month with old crop prices on the Canadian Prairies adding 75 cents per bushel, while those in North Dakota remained unchanged.
Western Prairies to be cooler, wetter than eastern half
With spring planting on the Canadian Prairies a few weeks to a month away, the region’s weather outlook is very likely to take somewhat different paths, according to Scott Kehler of the Manitoba-based Weatherlogics.
ICE Canada Weekly: Canola set to rise, but not a sure thing
After incurring sharp losses on Tuesday and Wednesday, canola futures on the Intercontinental Exchange were poised for a turnaround to swing higher. MarketsFarm analyst Mike Jubinville suggested that cash prices on the Canadian Prairies should soon return to C$14 per bushel and maybe push as high as C$15.
Canola prices higher in rangebound movement
Spring rally still expected, but it may not be a sharp uptick this year
There isn’t much to be overly concerned about now regarding canola futures on the intercontinental exchange. Despite declines, the Canadian oilseed remained a fair bit higher than a week ago. This is pleasant news, given how canola has tumbled downward in recent months. In short, canola can be seen as rangebound. There is a deficit
Attaché trims Argentina soybeans, but crop still more than double
Soybean production in Argentina for 2023/24, along with beginning stocks and imports were revised downwards by the United States Department of Agriculture attaché in the capital of Buenos Aires.
High cattle prices to be around for a while
Reduced herd size could mean strong beef prices for foreseeable future
As spring approaches, prices for cattle at Manitoba’s auctions are expected to remain strong, according to Rick Wright of the Heartland Order Buying Company and Tyler Fulton, second vice-president of the Manitoba Beef Producers. A storm system that crossed Manitoba March 2-3 wreaked havoc with some auctions. The Killarney Auction Mart rescheduled its March 4
ICE Canada Weekly: Look for canola to ease back
At mid-March one broker said he expects canola prices on the Intercontinental Exchange to make their way lower for the balance of the month.
Low feed prices offer chance for more profitable cattle sales
The number of cattle coming to market may be set to decline
Prices at Manitoba’s eight cattle auctions have plateaued for now, but Scott Anderson of Winnipeg Livestock Auction Sales says they are likely to remain strong for now. “When we came back in January, every week things were a little bit higher. But it’s the same old story, though. How high can you go?” Anderson said
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