WINNIPEG, Dec. 13 (CNS) – Soybean and corn futures both suffered losses over the past week as improving weather patterns in South America have pushed the commodities below their recent support levels. March corn dipped below the psychologically-important US$3.50 a bushel level on Tuesday, Dec. 12. The market was pressured by the USDA’s monthly supply […] Read more
Stories by Dave Sims
Canadian flax prospects dimmed by China’s silk road
WINNIPEG, Nov. 16 (CNS) – China’s construction of a new “silk road” connecting the country to Europe isn’t likely to be good news for Canadian flax exporters. For several years, Canada has been the main exporter of flax to China but that could likely change if Kazakhstan ever has a direct link to China. “We […] Read more
Nitrogen prices looking cheap across Prairies
WINNIPEG, October 17 (CNS) – Farmers may be looking to fill up on nitrogen fertilizer this fall as prices reach lows not seen in over a decade. “One retailer I talked to said it was the cheapest nitrogen prices in 15 years,” according to Dan Mazier, president of Keystone Agricultural Producers in Manitoba. He adds […] Read more
Oat prices firm as harvest rolls in
WINNIPEG, Oct. 3 (CNS) – Oat prices firmed this week in Saskatchewan even as reports streamed in indicating yields were slightly better than anticipated. Harvest in Saskatchewan is over three-quarters complete although recent rains have delayed progress somewhat. The province is the dominant growing area for oats in the country. Bids rose five cents to […] Read more
Feds to help transfer ownership, restore Churchill rail service
The federal government says it’s prepared to restore rail service to Churchill, Man. The rail line closed this spring after flooding damaged several sections of the route to the northern Manitoba community and port. The owner of the line, OmniTrax, said repairs would cost as much as US$60 million and it wasn’t prepared to pay […] Read more
Diesel could rise further in wake of Harvey
WINNIPEG, Sept. 7 (CNS) – Diesel prices in Western Canada have risen by about six to seven cents a litre since Hurricane Harvey hit the Texas coast, causing many refineries to temporarily close. An analyst of the fuel industry says harvest pressure will likely keep the diesel market from correcting downward, and push prices up […] Read more
Manitoba corn yields constricted by dry weather
WINNIPEG, August 23, (CNS) – As the Manitoba corn crop heads into the final stretch of the summer, many producers are likely hoping for better prices in the fall. The average bid for a bushel of corn in the province remains the same as last year, according to Myron Krahn, president of the Manitoba Corn […] Read more
US corn and soybeans eyeing tropical storm Harvey
WINNIPEG, August 23 (CNS) – The potential for a storm in the Gulf of Mexico to bring rain to parts of the US Midwest has caught the attention of the grain and oilseed markets. “If it turns farther north and hits some of the dry spots in Indiana, Ohio and Illinois that would be a […] Read more
Sizzling Canadian hog market waits on new US plants
WINNIPEG, June 2 (CNS) – Prices for Canadian hogs are enjoying a seasonal bump as consumers prepare for the summer grilling season. In Canada, the Signature #5 Maple Leaf Index daily price was listed at C$179.68 per 100 kilograms on May 26. That price was up $1.11 compared to the week previous, according to data […] Read more
Prairie feed wheat and barley at seasonal highs
WINNIPEG — Feed barley and feed wheat appear to be settling into seasonal highs, says a market watcher in Alberta. “Whether it goes up much more remains to be seen,” said Jim Beusekom of Market Place Commodities in Lethbridge. “Between Easter and May long weekend, we’re probably at a high.” He says high vomitoxin (10 […] Read more
