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
Stories by MarketsFarm
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
Canola futures drop; wheat rallies
Winnipeg – The ICE Futures canola market moved lower in most months on Wednesday. A stronger tone in the Canadian dollar and improving crop prospects in parts of Western Canada contributed to the declines. However, gains in the Chicago Board of Trade soy complex helped temper the losses. Chart support also held to the downside, […] Read more
Feed grain prices fall after rain
WINNIPEG – Feed grain prices for feedlot alley in Lethbridge, Alta. took a tumble after parts of the Prairies received some much-needed rain. Jim Beusekom, president of Market Place Commodities in Lethbridge, said barley and wheat prices recently dropped. Barley was around C$285 to C$290 per tonne in the local area, down about $10 from […] Read more
Canola futures down, but steadies
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were mostly lower on Thursday, in the new crop months. The rise in the Canadian dollar this week spurred a sell-off of canola, according to a Winnipeg-based trader. However, the markets have largely stabilized and have been looking for direction. The trader said it’s unlikely bids will […] Read more
ICE Canola Weekly: China worries keep market trending down
Winnipeg – Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended March 6, hitting their lowest levels in two-and-a-half years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have […] Read more
Less canola and durum, more barley and oats in Canada
Winnipeg – Canadian farmers seeded fewer canola and durum acres than they originally intended, but more barley and oats, according to updated acreage estimates from Statistics Canada that largely came within expectations. The planted Canadian canola area for 2019/20 (Aug/July) was pegged at 20.952 million acres by the government agency, which was down by about […] Read more
CBOT Weekly: USDA’s acreage report could push up prices
WINNIPEG – As the United States Department of Agriculture (USDA) releases its crop acreage report in a few days, one analyst believed the report could have a bullish effect on the Chicago Board of Trade. “If we come in near trade expectations for the (soybeans), it might be supportive,” said Terry Reilly, grains analyst with […] Read more
Canadian farm equity growth slows to 3.6 per cent in 2018
Winnipeg, June 20 (MarketsFarm) – Equity in Canada’s farm sector increased by 3.6 per cent in 2018, hitting C$522.2 billion, according to a report from Statistics Canada. The growth was well below the 6.4 per cent increase reported the previous year, and continued a trend of slower growth since 2013. Realized net farm income was […] Read more
