Bitterly cold temperatures across the province during the week ended Jan. 25 may have kept some people at home from the auction yards, but business went on as usual and volumes were relatively steady from the previous week. The same can’t be said from a pricing standpoint, as feeder prices were generally lower on most
Feeder prices turn lower, attract U.S. buyers
Oats market at equilibrium, lower acreage likely
Oats bids in Western Canada are holding steady despite tightening stocks, as supply and demand have reached an equilibrium for the time being. If prices don’t see some improvement relative to other cropping options, a decline in acres is seen as likely in 2013. Basis levels for oats in Western Canada are historically strong, but
Canada’s tightening canola stocks confirmed
Confirmation of Canada’s tightening canola supplies came from Statistics Canada in its updated stocks report released Tuesday. With supplies as of Dec. 31, 2012 over two million tonnes tighter than they were at the same point the previous year, demand will need to be rationed going forward, which should keep canola prices well supported. StatsCan
Wheat bids under pressure in Western Canada
Cash wheat bids across Western Canada showed some softness over the past week, with average spot bids down by about C$10 per tonne (27 cents per bushel) over the reporting period. Spot bids for No. 1 Canada Western red spring (CWRS) wheat, 13.5 per cent protein, declined by about C$7 to $13 per tonne (19
Low grasshopper risk seen on Prairies
Grasshopper forecasts from the three Prairie provinces over the past month show a relatively low risk of grasshoppers across most crop areas for the upcoming season. The grasshopper maps from the three provincial agriculture ministries are based on counts of adult grasshoppers in the summer of 2012, weather data and recent population trends. The surveys
High grain prices may pull veggies up too
High production costs and the lure of easier returns from other crops may cause some vegetable growers in Manitoba to rethink their operations — but the extensive infrastructure involved in vegetable production should limit quick acreage shifts in the province. Strong grain and oilseed prices are expected to eventually pull vegetable prices higher as well.
DDGS on sale, but buyers wary
Prices for DDGS — dried distillers grains (with solubles) — have come down significantly over the past few weeks, but are still too high when compared to other feed options. “Prices are dropping, but they haven’t dropped significantly enough to attract Canadian buyers,” said Ryan Slozka, senior commodity trader with Rycom Trading, a major importer
Yields keep sunflowers in Man. crop mix for 2013
Manitoba farmers saw very good sunflower yields in 2012, which are expected to keep farmers interested in growing the crop, especially if prices remain competitive with other options. Average provincial yields for sunflowers hit their highest level on record in 2012 at 1,955 pounds per acre, according to Statistics Canada data. That compares with the
Wheat bids soften in Western Canada
Wheat bids in Western Canada have declined in sympathy with U.S. futures over the past few weeks, although demand is starting to show signs of picking back up. Bids for both Canada Western Red Spring (CWRS) and Canada Prairie Spring (CPS) wheat at a cross-section of delivery points across Western Canada have declined by an
Seven market movers to watch in 2013
The start of a new year is a time of reflection and also a time of looking forward. As history has a habit of repeating itself, what were the big factors that moved the grains and oilseeds in 2012? And what might we expect this new calendar year? Marketing As far as Western Canada was
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