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(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Grain stocks set tone for barley, wheat

Barley expected to go bullish in April, May

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MarketsFarm — Statistics Canada’s (StatCan) grain stocks report issued earlier this week largely met trade expectations, according to Winnipeg-based independent trader Jerry Klassen. The survey-based report, which estimated the country’s grain stocks as of Dec. 31, was neutral for spring wheat, supportive of durum, and pointed toward barley being somewhat bullish come spring, he said.
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Prairie markets hold steady

U.S. corn imports keep lid on domestic grains

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MarketsFarm — Feed grain markets in Western Canada have seen little change over the past few weeks. Feed barley bids across Western Canada have generally held steady over the past month, with the spot market topping out at $9.58 per bushel in Alberta, according to Prairie Ag Hotwire data. Prices in Manitoba and Saskatchewan are
ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Choppy trading for canola, other oilseeds

Signals not pointing to course change for now

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MarketsFarm — Expect canola and other oilseed markets to remain choppy for the time being, according to trader Ken Ball of PI Financial in Winnipeg. “All of the markets are very choppy and erratic. They’re very nervous markets,” Ball emphasized, noting war in Ukraine and drought in Argentina are having some of the biggest impacts
Photo: Canada Beef
Livestock, Markets

Klassen: Feeder market percolates higher amid finicky buyers

Ontario feedlots bring demand for West's calves

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Compared to last week, western Canadian feeder cattle markets traded steady to $4 higher on average. Certain pockets in Manitoba and eastern Saskatchewan had steer calves up $4-$8 from week-ago levels. Alberta values were relatively unchanged from seven days earlier on all weight categories. Steady demand was noted from Ontario feedlots for calves while Alberta
(Serts/iStock/Getty Images)
Crops, Markets

Pulse weekly outlook: India looking for lentils, large Australian crop in play

India extends zero-rate tariff

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MarketsFarm — An extension of zero-rate tariffs on lentils moving into India for another year should be a clear sign that the country is in the market for imports. However, Canadian lentil sales to India face stiff competition, with a large Australian crop likely to limit movement going forward. India announced at the end of
(RyanJLane/E+/Getty Images)
Beef cattle, Livestock

U.S. beef cow herd falls to lowest level since 1962, USDA says

Last year saw record cull, Rabobank reports

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Chicago | Reuters — The U.S. beef cow herd dropped to its lowest level since 1962, U.S. Department of Agriculture data showed on Tuesday, after a severe drought raised costs for livestock feed. Ranchers increasingly sent cows to slaughter last year, instead of keeping them to reproduce, as dry weather reduced the amount of pasture
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Barley, wheat prices continue downward

Oats, canola meal also bound for feedlots

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MarketsFarm — As colder temperatures descend onto the Prairies, buying activity for feed barley and wheat was just as frigid. “A lot of guys are fairly caught up with purchasing,” said Mike Fleischhauer of Eagle Commodities Inc. in Lethbridge. “You see the prices of wheat and barley start to trickle down a little bit. Corn’s
ICE March 2023 canola with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola trading window lowered

A crude oil downturn would pressure canola, loonie

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MarketsFarm — The ICE Futures canola market posted steady losses for five sessions, testing the lower edge of their well-established trading ranges before finally uncovering some support on Wednesday. The losses did damage from a chart perspective, with the activity bumping the trading window lower, according to an analyst. “Overall, both on old- and new-crop,
File photo of a chickpea crop in India. (Nikhil Patil/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Chickpea prices up ahead of India harvest

Early outlook calls for more Canadian acres in 2023

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MarketsFarm — Western Canadian chickpea prices are still on the rise while prices for other pulse crops are coming down as supply increases. High-delivered bids for Kabuli and B-90 types of chickpeas rose four cents per pound over the past week, according to Prairie Ag Hotwire on Jan. 23. As a result, the nine- and

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