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Livestock, Markets

Klassen: Feeder market’s upward trend continues

Manitoba, Saskatchewan see limited gains

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Compared to last week, western Canadian feeder cattle markets traded $2-$3/cwt higher on average. Southern Alberta appeared to lead Western Canada. Prices in the Lethbridge area were up $8/cwt to as much as $15/cwt from week-ago levels. Major operations have liquidated a significant amount fed cattle and become more current with production. There was a
USDA building washington
Grain Markets

U.S. data boosts canola to remain rangebound

FUTURES | Bullish soybean data is supportive for canola

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After three days of losses, canola futures on ICE Futures regained some lost ground after a flurry of reports were issued by the U.S. Department of Agriculture on Jan. 12. Canola entered the first full week of trading in 2023 on a high note, having made gains on Jan. 6, but with the Canadian oilseed
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Prices slip during quiet January

Shortages of trucks, drivers still trouble cattle sector

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MarketsFarm — With January being a quiet time there’s isn’t a whole lot of direction for feed grains, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Prices for feed barley and wheat have been slowing slipping, he said — especially with feedlots not having to buy and farmers not needing to sell —
ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola’s steady week takes late turn

Outlook 'neutral to bearish'

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MarketsFarm — While canola prices turned lower Wednesday, the week ending that day was full of rangebound trade activity with little movement. The March canola contract traded within a range of $832-$846.70 per tonne during the week, settling at the low end of the range after falling $5.20 on Wednesday to close at $832.70/tonne. Winnipeg-based
Yellow peas. (Victoria Popova/iStock/Getty Images)
Crops, Markets

Pulse weekly outlook: New Year’s pressure drags on North Dakota peas

Pea prices relatively higher north of border

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MarketsFarm — Pea prices in North Dakota have been feeling pressure from the New Year, according to Landon Lechler of Beach Co-operative at Beach, N.D., about 360 km south of Weyburn, Sask. Besides the turning of the calendar New Year, Lechler said the upcoming Chinese New Year has slowed export demand for yellow and green
CBOT March 2023 oats with 20- and 100-day moving averages. (Barchart)
Crops, Markets

Oats face an uncertain year

Reduced acres expected in 2023

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MarketsFarm — When comparing oat prices at the start of 2023 compared to one year ago, they appear to be night and day. Despite modest price increases over the past month, some western Canadian oat bids are less than half of what they were last year. In Alberta, the high-delivered bid for oats as of
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Markets

Mintec acquires Agribriefing to expand agrifood data offering

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Paris | Reuters — British market intelligence firm Mintec announced on Tuesday the acquisition of Agribriefing in a deal it said would create a leading global provider of data on agricultural and food markets. Financial details were not disclosed. Agribriefing’s businesses include protein price-reporting agency Urner Barry and crop consultancy Strategie Grains, the latter acquired

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