As the drought in Manitoba continued to take hold on the province’s cattle industry, Tyler Slawinski, an auctioneer for the Ashern and Gladstone auction marts, noted two important points. One: some producers in the Interlake region have completely dispersed their cattle because of feed shortages and high prices, as well as the lack of water
Drought takes hold over Manitoba cattle markets
U.S. cattle are being shipped north for slaughter
Grain markets remain volatile
Supply concerns have already led to price rationing
If there is one thing canola trading for the week ended July 15 proved, it’s that the drought across the Prairies remains a powerful influence on prices. The charts proved another thing as well: there’s a tremendous amount of volatility in the canola market. Prices rallied for six consecutive sessions from July 7 to 13,
Oat crop across Western Canada ‘not stellar’
MarketsFarm — As with most other crops on the Prairies, conditions are “not stellar” for oats, according to Shawna Mathieson, executive director for the Prairie Oat Growers Association. POGA directors from across the region who participated in a recent board meeting had a rather grim outlook on the coming harvest, she said. “Not a single
CBOT weekly outlook: Prices could turn higher by month’s end
MarketsFarm — By the end of July, markets should have a good idea of what will shake out for corn and soybean crops in the U.S., according to Scott Capinegro of Barrington Commodities at Barrington, Ill. Corn and the soy complex on the Chicago Board of Trade (CBOT), as well as the U.S. wheat complex,
Pulse weekly outlook: Lentil prices seen as too high, sales stalling
'Destination markets are not in desperation mode'
MarketsFarm — Prices for pulses, such as lentils for example, have been approaching the point where they are good for growers but getting too expensive for the destination markets, according to Marcos Mosnaim of Mercaris Commodities. “It’s a kind of an interesting scenario, where you see farmers not selling and prices to farmers keep going
Flax prices expected to push higher
MarketsFarm — Although flax prices have held pretty much steady over the last few weeks, prices will soon increase, according to Dale Johnston of Johnston Seeds at Welwyn, Sask. Johnston said prices for old-crop brown and yellow flax were presently about $24 per bushel. New-crop flax was at $18/bu. “By the time we get done
Prairie cash wheat: Bids up with strong gains in U.S. markets
MarketsFarm — Bids spiked for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR), and durum (CWAD) wheats in Western Canada for the week ended Thursday. Steep increases in U.S. wheat futures supported values, as did a lower Canadian dollar which lost more than a half cent. Average CWRS (13.5 per cent protein) wheat
Canola production outlook turns sour with drought
We may well see four-figure canola values again
With heat and dry conditions across most of the Prairies this spring and summer, any possibility of achieving this year’s projection for 20 million tonnes of canola is pretty much out the window. Even if sufficient rains were to fall, it’s still very likely production would fall well short. Speaking with a number of traders
ICE weekly outlook: $1,000 canola not a guarantee
MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the same breath the November contract
ICE weekly outlook: Expensive canola required
MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 million tonnes, well below the
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