MarketsFarm — Feed grain prices in Western Canada remain strong in late November, although looming corn imports from the U.S. should keep a lid on the upside. Feed barley in Alberta is currently topping out at $9.78 per bushel, with feed wheat above $12 in some cases, according to Prairie Ag Hotwire. Those prices remain
Feed weekly outlook: Prairie grains remain firm
Transport issues slow U.S. corn flow
ICE weekly outlook: Canola market strong but choppy
MarketsFarm — Nearby ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, while= deferred months moved lower. The new-crop November 2022 contract had overshot to the upside and was due for a correction, said Keith Ferley of RBC Dominion Securities in Winnipeg. Any weakness would likely be met by commercial buying,
AAFC lowers canola export forecast
Domestic canola usage raised; other crops largely unchanged
MarketsFarm — Canadian canola exports during the 2021-22 marketing year are forecast to be smaller than earlier projections, Agriculture and Agri-Food Canada (AAFC) reported late Friday. Domestic usage, however, was raised in the report, keeping ending stocks of the crop steady with the October forecast. Total Canadian canola exports in 2021-22 are now forecast at
Prairie cash wheat: Falling Minneapolis futures weigh on Prairie bids
MarketsFarm — A sharp drop in Minneapolis spring wheat futures weighed on cash wheat bids across the Prairies during the week ended Thursday, but declines in the Canadian dollar provided some support and helped temper losses somewhat. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$11.60 per tonne,
Feed weekly outlook: Record imports of U.S. corn likely
Feeders will need to scale back barley usage
MarketsFarm — Canadian imports of corn from the United States are picking up and could hit a record this year, given the tight supply situation across the Prairies. The most recent export sales data from the U.S. Department of Agriculture showed Canada as the country’s largest corn customer during the week ended Nov. 11, accounting
Pulse weekly outlook: India’s rabi season underway
MarketsFarm — Farmers in India are in the process of planting their next pulse crops, with good monsoon rains and high prices setting the stage for solid production. India has two major growing seasons, kharif and rabi, with the major pulses grown in the rabi season. Planting for rabi crops typically begins in November, after
ICE weekly outlook: Canola’s trend line still pointed higher
MarketsFarm — The ICE Futures canola market strengthened during the week ended Wednesday, hitting fresh highs in many contract months. “The trend remains up,” analyst Mike Jubinville of MarketsFarm Pro said. “The price of canola needs to be put at a level that discourages exports, while the domestic crushers actively pursue attaining as much of
Canadian spring wheat bids dip with Minneapolis futures
MarketsFarm – Losses in Minneapolis wheat futures weighed on Canadian spring wheat cash bids during the first week of November, although a softer tone in the Canadian dollar did lend some support. Durum bids across the Prairies were up on the week. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by
ICE weekly outlook: Canola speculators running market higher
MarketsFarm – ICE canola futures posted solid gains during the week ended Oct. 27, hitting fresh contract highs in many months as speculators added to their net long positions. “The specs have canola by the throat, and they’ll see how far they can run it,” said Ken Ball of PI Financial in Winnipeg. He said
Canada’s small, high-protein malt barley crop poses challenges
MarketsFarm — The hot and dry 2021 growing season cut significantly into Canada’s barley production, with the weather also leading to higher protein levels for what was harvested. “It will be an extremely tight and difficult year for the malt processors and ultimately for the brewers as well,” said Peter Watts, managing director of the
Cyber-Savvy Farmer
