Winnipeg, April 5 (CNS Canada) – Lethbridge’s feed barley market is stagnant, as farmers hold onto their grain and feedlots are not buying. Farmers who have stored feed barley don’t want to sell at current prices, despite relative strength, said Jared Seitz, trade manager at Agfinity in Stony Plain, Alta. It is a psychological barrier […] Read more
Stories by Jade Markus
Canaryseed demand tepid, prices moving lower
Winnipeg, March 29 – Canaryseed is suffering from weak demand and that’s reflected in lower prices, one industry specialist says. Demand for canaryseed is down about 20 to 30 percent, said David Nobbs, chair at the Canaryseed Development Commission of Saskatchewan. He doesn’t expect the issue to be resolved soon. “Weeks turn into months and […] Read more
Canadian durum prices sluggish ahead of coming harvests
Winnipeg, March 22 (CNS Canada) – Canadian durum prices are losing their premium over other wheat markets, but staying relatively steady even with hearty harvests and lagging demand, one analyst says. “I think what will drive the durum market here now is the overall wheat complex,” said Jerry Klassen, manager of the Canadian office of […] Read more
Rising costs erode farm income: NFU
WINNIPEG — Falling farm income and rising input costs mean Canadian producers will be in a tough financial position this year, says National Farmers Union president Jan Slomp. Farmer’s net cash income is ex-pected to drop this year, declining nine percent to $13.6 billion, ac-cording to a 2016 outlook released by Agriculture Canada. It’s lower […] Read more
Ice-free lakes may open seaway earlier
WINNIPEG — A lack of ice on the Great Lakes means the St. Lawrence Seaway will start shipping grain earlier than last year. The seaway’s opening was delayed until the beginning of April in 2015 because of the amount of ice in the system, said Bruce Hodgson, director of market development for the seaway. The […] Read more
Growing input costs to chip away at farmers’ shrinking income
WINNIPEG — Falling farm income and rising input costs mean Canadian producers will be in a tough financial position this year, says National Farmers Union president Jan Slomp. Farmer’s net cash income is expected to drop this year, declining nine percent to $13.6 billion, according to a 2016 outlook released by Agriculture Canada. It’s lower […] Read more
Dry spring expected, soil moisture short in some areas
Winnipeg, Feb 18 (CNS Canada) – Above-average temperatures and limited precipitation could mean parts of the Prairies will struggle with low soil moisture heading into the spring, says one specialist. “The soil moisture that we have in the ground right now is similar to what we went into the winter with,” said Trevor Hadwen, agroclimate […] Read more
Falling crude prices hamper biofuel demand
WINNIPEG — Slumping crude oil prices are affecting the Canadian biofuel market and softening demand for corn and soybeans, says Andrea Kent, president of the Canadian Renewable Fuels Association. Ethanol is traditionally cheaper than gasoline, which encouraged processors to blend more than the mandated amount, she said. “When you look at low gasoline prices now, […] Read more
Little ice cover on Great Lakes means sunny outlook for St. Lawrence Seaway
Winnipeg, Feb. 16 (CNS Canada) – Reduced ice on the Great Lakes means Canada’s St. Lawrence Seaway is expected to start shipping grain earlier than last year. Last year, the seaway’s opening was delayed until the beginning of April due to the amount of ice in the system, said Bruce Hodgson, director of market development […] Read more
Buyers eating up feed barley in Lethbridge
Winnipeg, Feb 11 (CNS Canada) – Lethbridge feed barley prices have strengthened on bargain buying, according to one market watcher, while demand for feed wheat is steady at best. Lethbridge feed barley prices have increased to C$205 to $215 in February from $200 to $205 in January, as the grain becomes more difficult to source, […] Read more
