Oat prices in Western Canada lost about 30 to 35 cents per bushel throughout the week ended Dec. 21, following along with outside grain futures markets. "Oats tend to be a bit of a corn follower, and corn exports are just way down," said Ryan McKnight, a grain merchant with Linear Grain at Carman, Man.
Prairie oat prices drop, following futures markets
Hog producers continue operations despite losses
Canadian hog producers are still losing money as feed prices are high and values are low. But they’re continuing to operate because they’re optimistic they can turn things around as hog prices are expected to move higher in the spring. "Based on the futures market in the U.S., we could see prices improve in the
Basis levels keep Prairie canola cash bids strong
Strong basis levels at grain elevators across Western Canada have helped to keep cash prices for canola strong, despite falling futures prices. "Even though there’s been some weakness in the futures market, the basis levels have been tremendous, which has kept the No. 1 Canada canola bids toward that $14 a bushel range, which to
Prairie green pea market reaches a top
The green pea market in Western Canada has reached a top after steadily increasing to record-high levels, industry officials said. According to Prairie Ag Hotwire, green pea cash bids delivered to the elevator ranged from $13 to $14 per bushel as of Thursday (Dec. 6). This compares to month-ago prices of $11 to $13 per
CWB looks to cash market to attract more wheat
Sign-up deadlines for CWB’s pool programs have come and gone, but the company is still looking for more grain. “We’ve been able to get some really good sales for the tonnes that we have now, and movement has been really good,” said Gord Flaten, CWB’s vice-president of grain procurement. “So looking to the rest of
Prairie flax prices seen moving lower, long-term
Prairie flax prices are expected to move lower in the long term, a western Canadian market trader said. "It looks like prices are probably going to be heading downwards before they head upwards," he said. If Europe becomes more interested in buying Canadian flax, prices could rise, but that probably won’t happen anytime soon, the
CWB still looking for more wheat
Sign-up deadlines for CWB’s pool programs have come and gone, but the former Canadian Wheat Board is still looking for more grain. "We’ve been able to get some really good sales for the tonnes that we have now, and movement has been really good," said Gord Flaten, CWB’s vice-president of grain procurement. "So, looking to
Analyst says loonie to stay below par in short term
Recent softness in the Canadian dollar is expected to remain until the new year, according to a currency analyst with RBC Capital Markets. The loonie has slipped since the U.S. presidential election on Nov. 6, largely because fears Washington will go over the so-called “fiscal cliff,” said analyst George Davis. The fiscal cliff refers to
Prairie farmers selling aggressively into cash market
Strong cash prices and flexibility are credited Prairie farmers are selling aggressively into the cash market after harvesting their first crop following the demise of the single desk. “Without the (Canadian) Wheat Board, farmers aren’t limited in terms of delivery calls, so they can deliver as much as they want or as little as they
Fall calf run finally in full swing
The fall calf run was finally in full swing at cattle auction yards across Manitoba during the week ended October 26. “The calf run was slow to come,” Rick Wright, a buyer with Heartland Order Buying Company said. “Up until this week, we were probably running at about 70 per cent of the calves that
Cyber-Savvy Farmer
