MarketsFarm — A bullish market and sharp increases in commodities at the Chicago Board of Trade (CBOT), turned downward Wednesday in what Sean Lusk of Walsh Commercial Hedging Services called a “much needed correction.” Prices pulled back that day by varying degrees for soybean, corn and wheat futures, coinciding with declines in other commodity futures
CBOT weekly outlook: Commodities see ‘much needed’ correction
'You’re not going to go up every day'
Pulse weekly outlook: Peas, beans hold up in dry Manitoba
MarketsFarm — Of the pulses being planted in Manitoba this spring, field peas and dry beans appear the best able to handle the difficult drought conditions the province continues to experience throughout its growing areas. Field peas “have a relatively low water requirement, similar to dry beans,” Cassandra Tkachuk, production specialist with Manitoba Pulse and
Last year’s flour output up in most categories
MarketsFarm — Statistics Canada reported on Monday that Canadian wheat millers processed 3.267 million tonnes of all wheat in 2020 — a slight increase of about 2.1 per cent over 2019, keeping flour processing on the rise over the last four years. There were also year-to-year increases in the other categories tracked by the federal
Factors pile up for a downturn in cattle markets
The loonie’s current strength is not helpful
Along with the stronger Canadian dollar, a few other factors have combined to point the Manitoba cattle industry toward something of a downturn, according to Harold Unrau of the Grunthal Livestock Auction Mart. “Grain prices are rising. Cattle futures are staying the same or maybe dropping a bit. So between the dollar and the grain
ICE weekly outlook: Rain needed to bolster canola crop
MarketsFarm | Rain — specifically, the lack thereof — is quickly becoming the key issue for canola values, according to Ken Ball of PI Financial in Winnipeg. Until now, dry conditions across much of the Prairies have not been much a factor in canola prices, he said. “We’ve got to get some rain in a
Grain markets: StatsCan’s acreage report a bit of a flop
Any upward bump from the long-awaited Statistics Canada report on projected plantings never really materialized after it was released April 27. It can be argued any benefit from the report came the day before, when the May canola contract finished at $894.40 per tonne after poking its head above $900 a tonne for the first
CBOT weekly outlook: Look for May USDA report to be bullish
New WASDE will include first projections for 2021-22
MarketsFarm — With the next supply and demand estimates from the U.S. Department of Agriculture (USDA) a week away, broker Ryan Ettner provided his outlook on the report. “[Soybean] exports have been good enough to meet the USDA’s expectations,” but maybe not enough to adjust any of their numbers, said Ettner, a broker for Allendale
Pulse weekly outlook: Harvest shortcomings could open doors to India
MarketsFarm — As India’s pulse harvest continues, indications have been that initial projections might not be met — which could lead the world’s largest producer and consumer of pulses to allow more imports, MarketsFarm Pro analyst Mike Jubinville says. The Indian government expected about 11.5 million tonnes of chickpeas, but the harvest might bring in
Hemp poised for year of gains
Nationwide increase in acres expected
MarketsFarm — The hemp industry in Canada is set for a good year in 2021, according to Canadian Hemp Trade Association (CHTA) CEO Ted Haney. “It looks like we are looking at another 15 to 20 per cent increase in seeded acres nationally, which should take us over the 100,000-acre level for sure,” he said.
Sale prices stay healthy as cattle numbers rise
Cattle that were snowbound the previous week found willing buyers
The numbers of cattle that went to Manitoba’s auctions for the week ended April 22 were significantly higher than the previous week’s. Coupled with that were decent prices for slaughter and feeder cattle, according to Tyler Slawinski, auctioneer at the Gladstone and Ashern Auction Marts. The latest week saw 8,611 cattle shipped to the province’s
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