Winnipeg (MarketsFarm) – The adverse 2019 harvest across Western Canada may have left more grain grading as feed than normal, but transportation issues moving that barley and wheat where it needs to be continue to prop up prices for the time being. “We’ve seen a rally in the feed barley market the last four weeks,” […] Read more
Stories by MarketsFarm
Saskatchewan harvest wrapping up, seven per cent still standing
Winnipeg (MarketsFarm) – Cold and wet conditions have halted operations across most of Saskatchewan, although some tough and damp crops are still being taken off as weather permits, according to the final crop report of the season from Saskatchewan Agriculture. With 93 percent of the crop combined, farmers were optimistic that they would still be […] Read more
Lower dollar, higher soy boost canola
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Tuesday with support from Chicago soyoil and a lower Canadian dollar. The loonie was down mid-afternoon Tuesday at 75.37 U.S. cents, after closing Monday at 75.68. Soyoil on the Chicago Board of Trade gained almost a third of a cent. A Winnipeg-based trader […] Read more
Green pea bids still pointed higher in Western Canada
Winnipeg, (MarketsFarm) – Green pea prices in Western Canada continue to rise, while bids for most of the other major pulses grown in the Prairies are also trending higher. Spot green pea bids have risen by about 70 cents per bushel over the past two weeks to currently top out at C$10.50 per bushel, according […] Read more
Australia canola crop down sharply from earlier forecast
Winnipeg, (MarketsFarm) – Australia’s canola crop will be much smaller than originally thought, with further reductions possible, according to the latest estimate from the Australian Oilseeds Federation (AOF). Total canola production in the country is now forecast at 1.896 million tonnes, which compares with the projection at the beginning of the growing season in July […] Read more
Prolonged Prairie harvest pushes up feed grain prices
WINNIPEG, Nov. 14 (MarketsFarm) – The seemingly never-ending harvest across the Prairies has been responsible for a C$10 to C$15 per tonne jump this month in feed grain prices, said Glen Loyns, general manager of JGL Commodities in Moose Jaw, Sask. “It’s probably gone up C$5 this week,” Loyns commented. This year’s extended harvest coupled […] Read more
Manitoba harvest inches forward, likely finished for 2019
WINNIPEG (MarketsFarm) – With a gain of two percentage points, the overall Manitoba harvest reached 91 percent complete, according to the province’s latest crop report. In Manitoba Agriculture’s crop report summary for 2019, issued Nov. 12, the canola harvest rose from 91 to 94 percent finished. The spring wheat inched from 97 to 98 percent […] Read more
ICE Canola Weekly Outlook: Steady market stuck in a rut
Winnipeg (MarketsFarm) – ICE canola futures held within a narrow range during the week ended Nov. 13, as the market waits for fresh news to push it one way or the other. “There are certainly some supportive elements underneath the marketplace,” said Mike Jubinville of MarketsFarm Pro, pointing to an upward trend in world vegetable […] Read more
2019 corn harvest a tremendous struggle in three U.S. states
WINNIPEG (MarketsFarm) – With a significant amount of corn still in the fields of the United States Northern Plains, the harvest may be grounding to a halt, according to MarketsFarm analyst Bruce Burnett. In particular, Burnett noted the corn harvest has been further slowed by a propane shortage, which has caused issues for farmers trying […] Read more
Latest end to soybean harvest in a decade
WINNIPEG (MarketsFarm) – In the oil crops outlook, issued Nov. 13, the United States Department of Agriculture (USDA) said the 2019 soybean harvest will end the latest in 10 years. As of Nov. 10, the overall soybean harvest stood at 85 percent complete, according the USDA’s weekly crop progress report. The pace was two points […] Read more
