Winnipeg (MarketsFarm) – The western Canadian feed grain market is showing signs of finding a bottom, as buyers wait to get a better handle on the quality of the grain still unharvested across the Prairies. Feed barley is currently trading at around C$200 per tonne in southern Alberta, while feed wheat bids are around C$210, […] Read more
Stories by MarketsFarm
Grains drop, soybeans firm following USDA WASDE report
Winnipeg (MarketsFarm) – Monthly supply/demand data from the United States Department of Agriculture was supportive for soybean prices but bearish for corn and wheat, with adjustments to yields and harvested acres providing a number of surprises. Corn futures saw the largest immediate reaction at the Chicago Board of Trade, as average yields were unexpectedly raised […] Read more
Late North American durum facing quality downgrades
Winnipeg (MarketsFarm) – Cool and wet conditions delaying harvest operations across the North American durum growing regions are cutting into the quality of the crop in both the United States and Canada, with widening price spreads likely going forward. “It’s been a challenging harvest,” said Erica Olson, marketing specialist with the North Dakota Wheat Commission. […] Read more
Snow, cold grind Alberta harvest to virtual standstill
WINNIPEG (MarketsFarm) – Last weekend’s dump of snow nearly coupled with cold temperatures brought the Alberta harvest to a complete halt, according to the province’s latest crop report. For the week ended Oct. 1, the province-wide harvest managed to improve to 33.7 percent from 28.1 percent the previous week. This year’s pace was slightly above […] Read more
Canola shipments to Europe boost Thunder Bay port activity
Winnipeg (MarketsFarm) – Cargo movement through the Port of Thunder Bay is running ahead of the previous year’s pace, with some of the extra movement tied to increased canola exports to Europe, according to the latest data from the Port Authority. Total cargo movement in September of 1.1 million tonnes compares with the 919,386 tonnes […] Read more
Western Canadian wheat: Red wheat down, durum up
WINNIPEG (MarketsFarm) – Wheat bids in Western Canada were mixed for the week ended Oct. 3. There were losses in Canadian Western Red Spring Wheat (CWRS) and Canada Prairie Red Spring (CPRS), while Canadian Western Amber Durum (CWAD) saw gains. The Canadian dollar was higher for most of the past week, topping off at 75.55 […] Read more
September hailstorm pounded Prairies
WINNIPEG (MarketsFarm) — There were almost 1,000 claims for hail damage across the Prairies following a series of storms from Sept. 15-20, according to the Canadian Crop Hail Association. The CCHA said the most destructive of the storms during that week came on Sept. 17. “There is significant damage from this late season storm. There […] Read more
Rains slow Manitoba harvest: report
Winnipeg (MarketsFarm) – Widespread rainfall slowed harvest progress in Manitoba during the week ended Oct. 1, according to the latest crop report from Manitoba Agriculture. Total harvest progress was pegged at 67 percent complete, which compares with the three-year average of 76 percent done. On a crop-by-crop basis canola was only 69 percent harvested, which […] Read more
Late Canadian mustard crop facing quality downgrades
Winnipeg (MarketsFarm) – An early blast of snow and cold temperatures across the Canadian Prairies has delayed harvest operations for a mustard crop that was already running behind normal, with quality downgrades expected for any mustard still in the field. “It has to be absolutely flattened,” said mustard buyer Walter Dyck of Olds Products in […] Read more
Canola futures stay in range, awaiting harvest news
WINNIPEG,(MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, following trends set earlier in the week. Challenging harvest conditions and delayed progress have yet to provide a boost to canola prices. One trader said the weather across Western Canada is almost the worst he has ever seen. However, with snow in the […] Read more
