Winnipeg – Corn, soybean and wheat futures in the United States are awaiting the latest U.S. Department of Agriculture (USDA) reports, but traders aren’t expecting the reports to much of an effect on prices. The USDA releases its quarterly grain stocks and small grains summary reports on Friday, Sep. 28. “It basically wraps up the […] Read more
Ashley Robinson
Stories by Ashley Robinson
Global fertilizer prices vary depending on the type
WINNIPEG — Fertilizer prices are expected to be mixed over the next few months, with some types continuing to increase, while others should drop, according to an analyst. “The fertilizer market has remained pretty firm over the past six months,” said Chris Lawson, head of fertilizer analysis at CRU Group in the United Kingdom. “We […] Read more
Lethbridge feedlots start buying U.S. corn
WINNIPEG — As barley prices climb, feedlots in Lethbridge have found a cheaper feed option — corn from the United States. “Price has (pushed feedlots to buy corn). Barley it’s probably $4, $5 a tonne higher than the corn price right now. And the cattle feeder can source corn quite easily and more economically than […] Read more
ICE weekly: Canola to continue downward spiral
Winnipeg – ICE Futures canola contracts will continue to drift downward for the foreseeable future, according to one analyst. “The demand isn’t here because the buyers know that the farmer is undersold and they have to sell it,” said Wayne Palmer, senior market analyst with Exceed Grain. The November canola contract dipped below the $485 […] Read more
Canola waffles, soy up
The ICE Futures canola platform was mixed at close Wednesday, taking support from United States futures. Chicago Board of Trade soybean, oil and meal contracts were all higher, as trade war fears ebbed. Statistics Canada released its updated production numbers this morning, using satellite data. The report pegged canola production at 21 million tonnes, which […] Read more
Canola continues down; soy too
WINNIPEG – The ICE Futures canola platform continued its downward slide Tuesday, as trade war tensions between the United States and China spilled over. Soybean contracts at the Chicago Board Trade hit newcontract lows, dragging canola down with it. U.S. President Donald Trump placed new tariffs yesterday on US$200 billion on Chinese goods, China fired […] Read more
Potato yields not expected to hit record again
Acreage increased in Manitoba and Alberta this year, but prairie growers are not expecting production to follow suit
The potato acreage may have increased this year in Western Canada, but it doesn’t look like it will be the same for yields. “I think overall, it’s too early to tell because we haven’t started the main harvest, but we are not expecting as big of yield as the last couple of years,” said Dan […] Read morePea market has more potential than lentils: analyst
Lentil and pea exports have fallen this year, but peas’ versatility is expected to give them an advantage
With limited uses for lentils, one market analyst sees more potential for the pea market in Western Canada. “On lentils we are really restricted to the edible market,” said Marlene Boersch, managing partner of Mercantile Consulting Venture. “Peas are an incredibly versatile product, so we’re using peas both for human consumption and they are quite […] Read more
Dropping U.S. futures push Prairie wheat bids down
Winnipeg – Wheat bids in Western Canada were down again for the week ended Sept. 7, following the lead of the United States futures markets. While U.S. futures dropped significantly, a weaker Canadian dollar held back losses for Prairie wheat bids. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were down by C$1 […] Read more
Global fertilizer market prices vary
Winnipeg – A mixed bag for fertilizer prices is expected over the next few months, as some will continue to increase while others should be drop, according to an analyst. “The fertilizer market has remained pretty firm over the past six months… we had kind of anticipated some declines across all the different nutrients, (but) […] Read more
