More rain needed for late-season crops and pastures

Weekly Provincial Summary Winter wheat harvest is nearing completion in Manitoba with yields generally ranging from 50 to 80 bushels per acre with average to above-average quality. Harvest yields of spring wheat, barley, oats, canola and pea crops are variable, largely dependent upon amount and timing of precipitation. To date, spring wheat yields range from



Prairie feed barley bids strong

Cash bids for barley across Western Canada have seen an increase from last year. Limited supply on the Prairies and adverse weather conditions in the U.S. have contributed to the higher prices, particularly in Alberta. Bids at Lethbridge have moved up to anywhere between $5.75 and nearly $5.95 per bushel delivered to the feedlots, almost



USDA surprises by standing pat on corn stocks

chicago / reuters / The U.S. Department of Agriculture pegged U.S. corn ending stocks in the 2011-12 marketing year (Sept./Aug.) at 801 million bushels, April 10. That’s above trade estimates for 721 million and unchanged from its March estimate. USDA estimated U.S. soybean ending stocks at 250 million bushels, above trade estimates for 246 million


Overdrying canola can be a costly mistake

Air can dry grain, or it can make it wetter. That’s because grain automatically reaches equilibrium with the ambient relative humidity as it is drawn into the bin via fans. Theoretically, this fact could be used to boost profits by adding tonnage via moisture content until the grain reaches the optimum nine to 10 per



Crop problems lead to options bets on $7-$8 corn

For the past month, investors who foresee a potential shortfall in U.S. corn production at a time of brisk demand have placed low-risk bets that new-crop prices will surge 25 to 45 per cent by the end of this year. They’re banking on corn to surge back to the $7- or even $8-per-bushel mark after

Market steady, but uncertainty ahead

Commodity prices may have peaked in 2011, ProFarmer analyst Mike Jubinville told farmers attending the St. Jean Farm Days. “My gut feeling right now is that the heights have already come in,” Jubinville told producers. “It’s not that I’m feeling bearish about the marketplace going into 2012, personally I think that there is going to