MarketsFarm — For MarketsFarm Pro analyst Mike Jubinville, there was little in the latest Statistics Canada (StatCan) grain stocks report that would budge the markets. “When I look at the run of StatCan reports that we get through the year, whether they’re acreage, production or ending stocks, this report in May is the least important
Latest StatCan stocks report ‘least important of them all’
Wheat, canola numbers not expected to have significant impact on markets
Pulse weekly outlook: StatCan report likely won’t affect prices
Canada 'not the market maker' on peas, lentils
MarketsFarm — Statistics Canada (StatCan) on Tuesday released its report on grain stocks at March 31, with MarketsFarm Pro analyst Mike Jubinville suggesting there’s not much to the report. “It’s one of those [reports] where people look at it and move on,” he said. StatCan’s report pegged total farm and commercial stocks of chickpeas at
Rain, drought highlight different growing areas
Eastern Prairies to see improved rains
MarketsFarm — Depending on which region you’re in, you could be stuck in a severe drought or facing rains that will help alleviate that dryness or push back when fields should be dry enough to begin spring planting. That’s the assessment from Drew Lerner, president and senior agricultural meteorologist at World Weather Inc. at Overland
Fundamentals support strength in cattle prices
The inflow of cattle at sales includes a notable number of fall calves
For Allan Munroe and the Killarney Auction Mart, the last few months have been the best of times, as good numbers of cattle continue to flow in and prices are at their highest levels in decades. “Sales are doing very well these days. We surpassed the best we (have) ever seen before, so it makes
ICE weekly outlook: Expect canola to climb higher
Seeding reported underway in southern Alberta
MarketsFarm — As better-than-expected weather across the Canadian Prairies is very likely to spur on farmers to begin their spring seeding, the market is poised to push higher over the next couple of months, according to an analyst. “We have come down to the low end of the range,” said David Derwin, commodity futures advisor
Cattle prices in Manitoba continue strong
Weather threw a wrench in some producers’ plans
Prices at Manitoba’s cattle auctions remained strong for feeders as well as for slaughter during the week ended April 20, according to Scott Anderson of Winnipeg Livestock Sales. After closing for Good Friday on April 7, the April 14 sale was the first for Winnipeg since March 31. The number of cattle at auction was
CBOT weekly outlook: U.S. rain, StatCan report biggest influences
Russia's sabre-rattling not yet swaying markets
MarketsFarm — The three to five inches of rain received Wednesday in Kansas and Oklahoma have put pressure on Kansas City and Chicago wheat prices on the Chicago Board of Trade (CBOT), according to broker Ryan Ettner of Allendale Inc. Added to that, Statistics Canada’s (StatCan) report on prospective plantings, also received Wednesday, has weighed
Feed weekly outlook: Quiet times appear to be ahead
Significant weather event would maybe move prices
MarketsFarm — As feed grain prices on the Canadian Prairies remain relatively stable, the market appear to be “moving to a quiet summer,” according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “Demand remains neutral to weak, and farmers are holding on to their grain that’s left in the bin,” Motz explained, noting feedlots
Total oilseed production eases back
USDA sees major drop in some production areas, but stays steady on Canadian canola
REDUCTIONS USDA sees major drop in some production areas, but stays steady on Canadian canola
Production of the world’s oilseeds was trimmed back by the United States Department of Agriculture last week, which forecast 625.38 million tonnes for 2022-23 in its world markets and trade report. In March, the USDA pegged global production at 629.89 million tonnes. But despite the reduction in April, it’s still a significant increase from the
Pulse weekly outlook: Peas heading in different directions
Export demand seen down for yellows
MarketsFarm — Prices for green and yellow peas have been starting to move further apart, according to Levon Sargsyan, grain broker with Johnston’s Grain at Welwyn, Sask. Sargsyan pointed out that prices for yellow peas have been slipping back recently. “Export demand has dropped overseas, so that’s been pushing the yellow pea prices down. The
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