Declining feed wheat and corn prices over the last half of December have the potential to pull barley down as well, according to a grain broker. Kyle Sinclair noted barley has so far held relatively firm in the key Lethbridge livestock feeding area, despite the losses in other grains. Barley is more likely to go
Declining feed wheat to pull barley down
ICE canola watching South America
ICE Futures Canada canola contracts moved up and down during the two weeks ended Jan. 2, posting small gains overall during the choppy holiday period. However, the upside may be limited going forward, as expectations for a large South American soybean crop are overhanging the oilseeds in general, said a broker. The most active March
ICE canola trending down
Canola contracts on the ICE Futures Canada platform moved lower during the week ended Dec. 19, hitting their weakest levels in a month as a sell-off in the Chicago soy complex spilled over to weigh on prices. Speculative long liquidation ahead of the New Year was behind some of the weakness, and could lead to
Barley exports look strong so far in open market
Canadian barley exports are looking strong, as the end of the Canadian Wheat Board’s single desk appears to have brought more players to the table. As of Dec. 2, Canada had exported 651,700 tonnes of barley during the crop year to date, which was up by more than 200,000 tonnes from the level seen at
Rye looking cheap compared to feed wheat, gains likely
Rising feed wheat prices in Western Canada should eventually pull more rye into the feed sector, but the higher-than-normal quality of rye sitting in farmers’ bins might make them reluctant sellers when the time comes. "If wheat prices continue to rise, I think there will definitely be some (livestock) rations turning to more rye," said
Oilseed market fundamentals take a back seat, for now
ICE Futures Canada’s canola futures consolidated within a very narrow range during the week ended Nov. 23, as the U.S. Thanksgiving holiday saw grains and oilseeds on both sides of the border take a little breather. It’s that time of year when actual canola-specific fundamental news is hard to come by, which means technical signals
Weekly soybean crush hits record
Canada’s weekly soybean crush is running at a very strong pace, as favourable margins for processing the crop, and tight supplies of canola, cause those plants with flexible capacity in Eastern Canada to increase the percentage of soybeans moving through their facilities. Canada crushed 46,241 tonnes of soybeans during the week ended Nov. 28, after
Prices remain strong as some cattle storm-stayed
An early winter storm that brought heavy snow across much of southern Manitoba over the Remembrance Day weekend did keep some cattle from making their way to auction in the province during the week ended Nov. 16. For what was on offer, prices remained strong for both feeder and butcher animals. “Prices are staying very
Softer fertilizer prices seen likely over winter
Farmers looking to book fertilizer ahead of next spring can expect to see some softening of prices over the winter months, before seasonal demand picks up and costs rise again, according to a fertilizer market analyst. For nitrogen it will depend on the product, with ammonia likely to see the highest prices in relation to
Sluggish lentil market drifting down
The lentil market in Western Canada remains lacklustre at best, as demand is very slow and farmers have little incentive to sell at current prices. "Bids and offers are just too far apart," said Bobby Leavins, of RayGlen Commodities in Saskatoon, on the current state of the lentil market. Lentil exports were large in the
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