MarketsFarm – To Glen Loyns of JGL Commodities at Moose Jaw, Sask., feed grains on the Canadian Prairies are in a weather market, with prices for barley, wheat and corn quite able to go either way. “If it rains it’s going to be weak. If it’s dry it’s going to be higher. A pretty tough
Feed weekly outlook: Weather market will determine grain prices
Old-crop pricing is starting to come down
A hot, dry Prairie June ahead
El Nino pattern could arrive
MarketsFarm — June is expected to see a continuation of the hot and dry weather most of the Canadian Prairies has experienced in May, according to Scott Kehler, chief scientist for Weatherlogics. “It looks like late spring/early summer is pretty hot across almost all of Western Canada. The Prairies are all above normal [temperature-wise],” Kehler
Pulse weekly outlook: Manitoba crops get good start but need rain
Some bean growers seek moisture at lower planting depths
MarketsFarm — Pulse growers in Manitoba are waiting for one thing: rain. So far in May, growing areas of the province have not seen any significant precipitation, according to Dennis Lange, industry development specialist for pulse crops with Manitoba Agriculture. Dry beans, he said, are the last pulse crop farmers have been planting in Manitoba
Prices fairly strong, traffic in decline
Smaller head counts make it more difficult to fill trucks
With more farmers focused on spring seeding and fewer pickings in cattle pens, the number of cattle coming to sale has been steadily declining, according to auctioneer Tyler Slawinski of the Gladstone and Ashern Auction Marts. Feeder and slaughter prices remain good despite some weakness in the market, he added. “There’s just not the big
ICE weekly outlook: Don’t bank on $700 canola, analyst suggests
Fresh bullish news not yet in view
MarketsFarm — New-crop canola prices on ICE Futures seemed to be destined to remain well below $700 per tonne, according to analyst Errol Anderson of ProMarket Communications in Calgary. “The market tends to be back where it came from,” Anderson said, stressing that chances of canola pushing higher requires fresh bullish news. “It’s got to
Prices strong despite fewer cattle on offer
Short supplies overcame a recent slump in cattle futures
Cattle prices have slipped a little but remain strong, according to Kirk Kiesman of Ashern Auction Mart. He said the number and quality of cattle at auction have both fallen in the last few weeks. “The market was still pretty good overall. The run is definitely getting smaller as most of the cattle in Manitoba
CBOT weekly outlook: North Dakota corn growers switch to soy, sunflower
'Tough day in the markets' as Black Sea deal extended
MarketsFarm — Faced with a late start due to wet conditions, North Dakota farmers are changing their spring planting plans. They’re switching from corn to crops such as soybeans and sunflowers, according to analyst Tom Lilja of Progressive Ag in Fargo. “Guys just started rolling here on [May 14 and 15] fairly heavy. There was
Best to be scouting for insect pests
'Definitely' watch canola for flea beetles
MarketsFarm — Although it is still relatively early in the crop year, Manitoba entomologist John Gavloski strongly advises farmers to carefully watch their fields for any signs of insect pests. Gavloski couldn’t say for sure if insect damage was going to be bad this year but based on what’s transpired over the last three years,
Feed weekly outlook: Short-term premiums add to fluctuations
Truckers seen trying to stay as local as possible
MarketsFarm — Although most feed grain buyers were fairly well covered through spring seeding, Susanne Leclerc of Market Master Ltd. at Edmonton said some were looking for feed to get through the coming weeks and offered premiums. “Which is a shock for seeding season,” she said, suggesting it’s best to shop around, with prices fluctuating
Canola on the verge of a good spring
The resistance level is now believed to be around $750
As canola pulled away from its support level of $680 per tonne early in the week of May 1, the oilseed trade was muddled. Signs of that cropped up in the May 3 morning trading session, when it bounced on either side of steady. That again occurred May 4 and lasted most of the day.
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