new-crop Archives - Manitoba Co-operator

Little change seen in USDA’s WASDE report

U.S. corn, soy, wheat production figures down from July report

By Adam Peleshaty, GFM Network News August 12, 2023

MarketsFarm — August figures from the U.S. Department of Agriculture’s (USDA) world agricultural supply/demand estimates (WASDE) provided very few surprises and not much change after their release Friday. However, crop production and carryout estimates were tightened from those in July. USDA’s 2023-24 corn production estimate declined by 209 million bushels from July to 15.111 billion,

File photo of a BNSF grain train in Montana. (Photo courtesy BNSF Railway)

Crops, Markets

Feed weekly outlook: U.S. corn keeps making way into Canadian rations

Ease of sourcing corn by rail an attractive feature

By GFM Network News, Phil Franz-Warkentin June 29, 2023

MarketsFarm — The size and quality of the 2023 Canadian grain crop is still very much in the air, but domestic feeders intend to keep at least some corn from the U.S. in their rations going forward no matter what is grown on the Prairies. Canadian buyers have already booked 78,500 tonnes of U.S. corn

ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

ICE weekly outlook: Not a matter of when, but where canola peaks

Prevailing trend remains downward

By GFM Network News, Glen Hallick - MarketsFarm March 29, 2023

MarketsFarm — As the rally in canola on ICE Futures continued Wednesday, an analyst stressed it’s not when this upswing ends, but where. David Derwin of PI Financial in Winnipeg spoke of when canola prices were falling, and they broke through that psychological barrier of $800 per tonne on their way down. “That was the

Crops, Markets

Feed weekly outlook: Grain prices start moving upward

New-crop barley already en route to feedlots

By Adam Peleshaty, GFM Network News September 1, 2022

MarketsFarm — Hot temperatures and a lack of precipitation in recent days are helping Alberta growers make significant progress, according to Lethbridge-based Market Place Commodities’ president Jim Beusekom. “In southern Alberta, (the harvest) is doing just fine,” he said. “We had some rain last week. Some (had) more, some less. Last week limited how much

File photo of a sunrise over an Alberta barley crop. (MNphotography/iStock/Getty Images)

Crops, Markets

Feed weekly outlook: Barley harvest begins in Alberta

Prices continue easing

By Adam Peleshaty, GFM Network News August 26, 2022

MarketsFarm — The barley harvest has already started in Alberta and prices continue to ease downward, according to one trader. “Around Lethbridge, they seem to have a good portion done,” said Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “Some areas in the north are starting, as well. The Edmonton area, Red

ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Crops, Markets

ICE weekly outlook: Benign weather weighs on canola

By GFM Network News, Phil Franz-Warkentin July 21, 2022

MarketsFarm — ICE Futures canola contracts were seeing choppy activity in mid-July but were under pressure overall, closing at their weakest levels in six months on Wednesday. Relatively favourable Prairie weather, speculative long-liquidation, and pressure from outside markets all weighed on values with more losses likely if no weather concerns develop. “The weather looks fairly

Barley south of Ethelton, Sask. in early August 2017. (File photo by Dave Bedard)

Crops, Markets

Feed weekly outlook: New-crop supply outlook ‘significantly better’ as prices drop

By Adam Peleshaty, GFM Network News July 21, 2022

MarketsFarm — Prices for feed barley and wheat in Western Canada are still higher than this time last year, but if large declines in those prices are any indication, the 2022 harvest is set to be more typical than that of 2021. The high-delivered bid for Saskatchewan feed barley is $8 per bushel, $1 lower

ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (black line). (Barchart)

Crops, Markets

ICE weekly outlook: Highs might be in for old-crop canola

New crop in 'a very uncertain stage'

By GFM Network News, Phil Franz-Warkentin May 18, 2022

MarketsFarm — The highs may be in for old-crop canola contracts on the ICE Futures platform, with attention in the market turning to the new crop. “I think the market has probably defined the upside potential and the acute demand rationing that needed to occur is done,” said Jerry Klassen, an independent commodity trader and

ICE November 2022 new-crop canola (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets

ICE weekly outlook: Overvalued canola market due for correction

By GFM Network News, Phil Franz-Warkentin April 6, 2022

MarketsFarm — ICE Futures canola contracts climbed to fresh contract highs during the first week of April, but ran into profit-taking resistance and could be due for more losses as the market looks overpriced. “We’re starting to see canola give back some of the extra premium it’s been putting on,” said Ken Ball of PI

ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

Crops, Markets

ICE weekly outlook: No independent strength left in canola

By GFM Network News, Glen Hallick - MarketsFarm February 9, 2022

MarketsFarm — At a little more than halfway through the 2021-22 marketing year for canola, a trader asserted the Canadian oilseed now lacks the ability to move independently. Rather, it will follow the ups and downs in oil and meal markets. “[Canola] did its thing months ago,” trader Ken Ball of PI Financial in Winnipeg

Daily Network News

U.S. livestock: Cattle futures end lower

ICE Weekly: Trade progress, new data threaten to break canola’s price range

CBOT Weekly: Trade awaits USDA S/D report

Tag Archives new-crop

Little change seen in USDA’s WASDE report

Feed weekly outlook: U.S. corn keeps making way into Canadian rations

ICE weekly outlook: Not a matter of when, but where canola peaks

Feed weekly outlook: Grain prices start moving upward

Feed weekly outlook: Barley harvest begins in Alberta

ICE weekly outlook: Benign weather weighs on canola

Feed weekly outlook: New-crop supply outlook ‘significantly better’ as prices drop

ICE weekly outlook: Highs might be in for old-crop canola

ICE weekly outlook: Overvalued canola market due for correction

ICE weekly outlook: No independent strength left in canola

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