Winnipeg,(MarketsFarm) – Canada’s cattle herd continued to slowing decline in 2019, with inventories in the country seeing consistent declines since 2005, according to the latest data from Statistics Canada. Aside from a few slight increases in 2012, 2013 and 2018, Canadian cattle inventories have moved lower since 2005. The 11.2 million head of cattle on […] Read more
Stories by MarketsFarm
Coceral predicts lower European grain production in 2020
Winnipeg, (MarketsFarm) – European grain production is expected to be down slightly in 2020, according to the first forecast for the year from European trade association Coceral. In the report, released Feb. 20, Coceral pegged total grain production for the European Union and the United Kingdom in 2020 at 302.7 million tonnes, which would be […] Read more
Softening feed barley market to stabilize
Winnipeg,(MarketsFarm) – Feed barley bids in Western Canada have softened over the past few weeks, but should stabilize as the spring approaches. “I don’t think there’s a lot of potential to push this thing much higher, and I don’t think the bottom will fall out either. What you see is what you get,” said Matt […] Read more
Grain vessels backing up on Canadian West Coast
Winnipeg, (MarketsFarm) – Vessels waiting to ship grain off of Canada’s West Coast are backing up as blockades across the country slow rail movement, according reports tracking grain movement. Railway blockades have sprung up at a number of locations across the country over the past two weeks, as protestors express solidarity with Wet’suwet’en hereditary chiefs […] Read more
Variable winter weather brings uncertainty
BRANDON — Late-season rain wreaked havoc on the 2019 harvest, but those conditions helped restore topsoil moisture to key growing regions. However, since then snow coverage has been variable across the Prairies, causing some to wonder if the coming growing season will get off to a rocky start. “If we take a look at rainfall […] Read more
CBOT Weekly: Commodities holding up while waiting on China
WINNIPEG, (MarketsFarm) – There is no doubt that commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse said a trader. “I personally think the markets … are holding up pretty well with all of the negative news,” commented Scott Capinegro of Barrington Commodities […] Read more
Chickpea market steady, waiting for next wave of demand
Winnipeg,(MarketsFarm) – Demand for chickpeas often comes in waves, with the market currently in a lull waiting for the next swell. The last demand cycle came in early January, and the market has lacked “any kind of enthusiasm,” over the past month, according to Colin Young, of Midwest Grain in Moose Jaw, Sask. Within every […] Read more
Green pea bids back off highs
Winnipeg, (MarketsFarm) – Green pea prices in Western Canada have come off their highs in recent weeks, as end users back away from the market. Top-end green pea bids have lost about a dollar per bushel over the past month, according to Prairie Ag Hotwire data. “A lot of the end users are full now,” […] Read more
Western Canadian wheat: Prairie prices mostly weaker on U.S. declines
WINNIPEG,(MarketsFarm) – Wheat bids in Western Canada for the week ended Feb. 13 were steady to lower for Canadian Western Red Spring Wheat (CWRS), Canada Prairie Red Spring (CPRS) and Canadian Western Amber Durum (CWAD), as declines in United States wheat prices weighed on values. The Canadian dollar was up two-tenths of a U.S. cent […] Read more
Summer forecast points to average Prairie temps and more rain
Winnipeg,(MarketsFarm) – The Canadian Prairies should see higher-than-normal precipitation and generally average temperatures during the 2020 growing season, according to a forecast from Scott Kehler of Weatherlogics. Speaking at the CropConnect 2020 conference in Winnipeg, Feb. 13, Kehler said “there’s not really a strong pattern one way or the other,” when it comes to the […] Read more
