Winnipeg – Recent strength in the grain markets has inversely weighed on cattle prices, although activity at Manitoba’s auction yards is slowing down for the season. A number of auctions were closed for the week, and many will soon be shutting down for the summer or running at a reduced capacity. Prices for what was […] Read more
Stories by MarketsFarm
Canadian mustard market steady, but watching weather
Winnipeg – Mustard crops in Western Canada are waiting on rain, just like most everything else, but spot prices have not yet reacted to the weather concerns as end users are well covered with contracted supplies and are waiting to see how conditions develop over the growing season. “At this time of the year, every […] Read more
Barley bids rise on weather woes and tight old crop supplies
Winnipeg – Tight old crop supplies and mounting weather concerns over new crop production are keeping feed grain prices well supported in Western Canada as end users work to ration supplies. “We’ve seen a very real weather market emerge in the last few weeks,” said Brandon Motz, of CorNine Commodities in Lacombe, Alta., pointing to […] Read more
Lentil prices stable after recent increases
WINNIPEG – Prices for red and green lentils have stabilized after they increased, according to Marcos Mosnaim of Globeways Canada Inc. in Mississauga, Ont. Mosnaim said red lentil prices began to rise about two to three weeks ago, as shipments were made to India with the exporter increasing the price. “I would love to see […] Read more
Weekly Manitoba cattle report
Winnipeg – Activity at Manitoba’s cattle auction yards is slowing down ahead of the summer, with the Victoria Day weekend also limiting some of the activity during the week ended May 24. Prices held reasonably steady for the most part, although outside market influences may keep some caution in the Canadian cattle sector over the […] Read more
U.S. announces US$16 billion of farm assistance
Winnipeg – The United States Department of Agriculture will implement US$16 billion in programs to pay out farmers hurt by “unjustified retaliatory tariffs on U.S. agricultural goods and other trade disruptions.” “China hasn’t played by the rules for a long time and President (Donald) Trump is standing up to them, sending the clear message that […] Read more
Prairie dryness concerns to persist, conflicting weather at play
Winnipeg – Large areas of Western Canada are on the dry side, with little moisture in the immediate forecasts. While it is still early in the growing season, the interplay of conflicting patterns from the south and north will determine whether or not the dry areas receive timely precipitation during the growing season. “We are […] Read more
Manitoba ag minister upbeat about peas
WINNIPEG – Earlier this month Manitoba’s Minister of Agriculture, Ralph Eichler, took to Twitter to sing the praises of dry peas. “Peas will become the next successful crop in Manitoba. Thank you for believing in the future,” Eichler tweeted. A big part of the minister’s optimism stems from global corporate giant Roquette constructing the world’s […] Read more
Dryness becoming a concern across Manitoba
WINNIPEG (MarketsFarm) – Although dry conditions have aided the pace of planting across Manitoba’s farmland, the lack precipitation has now become a concern, according to Manitoba Agriculture’s weekly crop report. Issued May 21, the report stated seeding across the province for major crops were about 75 percent complete to complete, with some crops having emerged. […] Read more
Ag Canada predicts huge increase in canola ending stocks
Winnipeg – Canadian canola carryout stocks are forecast to rise to a record 5.300 million tonnes by the end of the 2019/20 (Aug/Jul) marketing year, more than doubling the previous five-year average, according to updated estimates from Agriculture and Agri-Food Canada’s market analysis division. While the agency expects total canola production to decline to 18.900 […] Read more
