WINNIPEG, (MarketsFarm) – Waiting for the 2019 harvest to roll in is the only factor that could create a feed shortage, according to Brandon Motz of CorNine Commodities in Lacombe, Alta. “As far as things look today, I don’t see a reason to be concerned about a feed shortage. If anything we could have a […] Read more
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No long term feed grain shortage
Canadian wheat bids mixed, watching futures and currency
Winnipeg,(MarketsFarm) – Wheat bids in Western Canada were narrowly mixed during the week ended Aug. 15, with losses in the United States futures countered by support from a softer Canadian dollar. The Canadian dollar was down by roughly a third of a cent relative to its United States counterpart, while the futures were all lower […] Read more
Soyoil losses still a drag on canola futures
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, with losses in Chicago Board of Trade soyoil behind some of the spillover selling pressure. News that the United States would delay imposing 10 per cent tariffs on some Chinese imports contributed to the weakness in canola, according to a trader, as easing […] Read more
Manitoba crops facing dry conditions
WINNIPEG, (MarketsFarm) – Varying dry conditions are set take a toll on Manitoba’s pulse crops this year. Some crops have stunted due to dry conditions throughout the year, said Serena Klippenstein, production specialist with Manitoba Pulse and Soybean Growers. Overall, crop conditions are still dependent on the soil type and where they are in the […] Read more
August supply and demand report hits markets hard
WINNIPEG,(MarketsFarm) – With the markets largely range-bound since the end of June, the United States Department of Agriculture (USDA) released its long-awaited supply and demand report late Monday morning. The initial reaction on the markets was bearish, with corn prices being hit very hard, down 25 U.S. cents per bushel for the September and December […] Read more
Western Cdn wheat prices regain strength
WINNIPEG,(MarketsFarm) – Wheat bids in Western Canada were generally up for the week ended August 8. There were gains in Canadian Western Red Spring Wheat (CWRS) and Canada Prairie Red Spring (CPRS) in all locations. Canadian Western Amber Durum (CWAD) was either side of steady, depending on location. The Canadian dollar was down by […] Read more
Western Canadian wheat: Small gains for most prices
WINNIPEG,(MarketsFarm) – Wheat bids in Western Canada were generally higher for the week ended July 26. There were gains in Canadian Western Red Spring Wheat (CWRS) and Canadian Western Amber Durum (CWAD), while Canada Prairie Red Spring (CPRS) incurred small losses and gains depending on location. A slip in the Canadian dollar provided some support, […] Read more
Development behind normal for many Saskatchewan crops: report
Winnipeg, July 25 (MarketsFarm) – Development for roughly a third of the spring cereals and nearly half of the oilseed crops in Saskatchewan are behind normal, according to the latest provincial crop report. About 55 percent of the canola crop is at its normal stage of development, with 44 percent behind. Spring cereals are at […] Read more
World weather buoys Canadian barley
WINNIPEG – Canadian feed barley prices are being buoyed by a triple threat of weather circumstances both locally and abroad. Three years of dry growing conditions in Australia have tightened global feed barley supplies to the point that domestic Canadian prices have increased. Current feed barley bids are topping out at C$6.25 per bushel in […] Read more
ICE Canola Weekly Outlook: All eyes on King Corn
Winnipeg – ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at C$450.40 per tonne on July 3. The contract could have another five […] Read more
