Cash prices for new- and old-crop oats in Western Canada are strong, underpinned by expectations that carryover stocks will be tight in 2012-13 and 2013-14. According to Prairie Ag Hotwire, values on Thursday for old crop delivered to the elevator in Western Canada were as high as $4.05 per bushel, while new-crop values ranged from
Prairie oat cash market strong with tight supply concerns
Prairie CWRS wheat bids holding steady
Cash wheat bids across Western Canada experienced some mixed activity during the week ended June 3. Canada Western red spring (CWRS) wheat bids were nearly unchanged, with some elevators reporting small declines, and others showing slightly stronger prices. Average spot bids for CWRS with 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in
Prairie canola basis levels ease, buyers look to new crop
Basis levels on the canola cash market in Western Canada have started to come off their highs, as some buyers are looking ahead to new crop. The inverse between old- and new-crop values is “enormous” due to the extremely tight Canadian canola supply situation, so buyers are only purchasing what old crop they absolutely need,
Tight feed forces some Prairie cattle to pasture early
Some producers in Manitoba and Saskatchewan are having to put cattle out to pasture earlier than they should because they don’t have enough feed supplies to nourish them. “Feed is really expensive these days, so producers are not going to purchase more,” said Glenn Friesen, forage specialist with Manitoba Agriculture, Food and Rural Initiatives at
Record-large Manitoba soybean acreage still possible
Despite a slow start to seeding in Manitoba this spring, farmers should still be able to plant a record-large soybean crop. Statistics Canada reported in its latest planting intentions report that farmers in Manitoba intended to plant 1.085 million acres of soybeans as of March 31. Shawn Rempel, products manager with Quarry Seed at Stonewall,
Prairie durum holding premium over spring wheat
Tight supply concerns have helped durum wheat prices in Western Canada stay strong and maintain a premium over spring wheat values. “We have a projected very low Canadian carryout for durum; we’re sharply below the five- and 10-year averages,” said Jerry Klassen, manager of GAP Grains and Produits in Winnipeg. “Whereas, the spring wheat ending
Prairie flax cash market comes off its highs
The western Canadian flax cash market seems to be coming down from recent highs. Fresh demand from China and Europe helped values rally recently, but the market in Europe has leveled off and Canadian cash prices seem to be following along. Chuck Penner, president of LeftField Commodity Research in Winnipeg, said he’s not sure if
Late spring supporting Prairie canola cash market
Prices for canola on the cash market in Western Canada are strong, finding good support from the late spring in the region. The uncertainty surrounding the late spring in Western Canada is supportive for both old-crop and new-crop values, said Errol Anderson, president of ProMarket Communications in Calgary. “I think the old-crop canola might be
Wheat movement slowing on Prairies
Wheat movement in Western Canada has started to slow down, as some farmers are eager to get started on seeding and have shifted their focus to other projects. “Right now the focus is on trying to get out in the field,” said Reid Fenton with BLB Grain Group at Three Hills, Alta. “In this area
Interest in grass cattle tempered by lack of grass
Tight feed supplies continued to pressure feeder cattle prices at auction yards across Manitoba during the week ended April 19. Prices on good-quality cattle fared better than those on poorer-quality cattle, said Buddy Bergner of Ashern Auction Mart. “The good cattle were fully steady, but plainer-type cattle were down 10 to 15 cents (per pound).”
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