Values for new-crop flax across Western Canada are strong, but may not result in more acres this spring. According to Prairie Ag Hotwire, new-crop values ranged from $13.75 to $14.50 per bushel as of Thursday. Old-crop prices across Western Canada were reported as being around $14 to C$16.50 per bushel. “A lot of guys will
Strong flax prices may not encourage acres
Wet spring may temper corn-growing interest in Man.
Some Manitoba producers who want to start growing corn for the first time this spring may not be able to because of wet conditions and the possibility of delayed planting. “There are farmers who have never grown corn before or who have only grown just a little bit who are certainly showing more interest in
Slaughter cows just keep coming to Manitoba markets
The number of slaughter cows coming on to the market in Manitoba continued to remain strong during the week ended March 22, which had some industry members surprised. “Everybody is asking the same thing: ‘Where do the cows keep coming from?’” said Keith Cleaver, manager of Heartland Livestock Services at Brandon. “Everybody is surprised. You
Spring moisture conditions promising for Prairie forage producers
Lots of snow means it’s shaping up to be a good year for forage production across Western Canada. Much of the Prairies was fairly dry at freeze-up but that’s not a major concern now, provincial forage officials say. Most of Manitoba has seen at least average winter precipitation and some areas have received more than
Increasing Chinese demand could see flax acreage increase in Alberta
CNSC / Increased Chinese interest in flax is creating new opportunities for growers on the west side of the Prairies. A small flax processor in Alberta recently offered fairly attractive new crop contracts for movement to China, said Jonathon Driedger, an analyst with FarmLink Marketing Solutions. “In the past, you’d see those kinds of contracts
Canadian dollar won’t move above parity any time soon
The Canadian dollar has seen significant declines compared to its U.S. counterpart in recent weeks, and isn’t expected to climb back above parity any time soon, according to currency analysts. The Canadian dollar has continued to move further and further below parity with the U.S. dollar, closing at US98.16 cents on Feb. 21. Although the
Spring moisture looking good for Prairie forage
Farmers across Western Canada are optimistic about forage crop production this spring, as moisture conditions look good in all three Prairie provinces, according to industry officials. Though soil conditions were fairly dry ahead of winter freeze-up across some areas in Western Canada, snow cover this winter has been very good, which should help moisture conditions
Prairie flax dynamics show signs of change
The dynamics of flax movement in Western Canada are starting to see signs of change, according to industry officials. Jonathon Driedger, an analyst with FarmLink Marketing Solutions in Winnipeg, said a small flax processor in Alberta has recently offered fairly attractive new-crop contracts for movement to China. "In the past you’d see those kinds of
High feed costs, lower beef demand pressure prices
Feeder cattle prices across Manitoba were starting to see a slight recovery during the week ended March 1, from the market’s “crash” in mid-February, but haven’t managed to move back to the levels that were seen prior to the fall. Prices weren’t able to climb back to pre-crash levels because feed costs are still extremely
Canola outlook bearish despite tight supplies
Canadian canola supplies for the current crop are looking very tight — but that’s not likely to do much for prices, says a market analyst with Cargill. That’s because traders have already priced tight supplies into the market and are looking ahead to what’s going to happen next, David Reimann said in a presentation at
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