WINNIPEG, May 21 (MarketsFarm) – Wheat bids in Western Canada were across the board for the week ended May 17. There were losses in Canadian Western Red Spring Wheat (CWRS), while Canada Prairie Red Spring (CPRS) price were mixed and Canadian Western Amber Durum (CWAD) prices were largely steady. Firmness in the Canadian dollar provided […] Read more
Stories by MarketsFarm
Saskatchewan planting stays ahead of five-year average
WINNIPEG – With 38 percent of Saskatchewan crops planted as of May 13, the pace was a little ahead of the five-year average of 31 percent. The province’s agriculture ministry issued its weekly crop report on May 16 and noted planting was also slightly ahead of 2018’s pace of 35 percent for this time. Southeastern […] Read more
ICE Canola Weekly: Canola looking for more support
Winnipeg, May 15 (MarketsFarm) – ICE canola futures moved higher during the week ended May 15, as a rally in the Chicago Board of Trade soy complex provided support. However, whether there’s more room or not to the upside remains to be seen. “It looks like we’ve maybe turned a corner,” said Wayne Palmer, senior […] Read more
CBOT Weekly: Factors come together to boost prices
WINNIPEG – A combination of three factors have contributed to the bounce in prices at the Chicago Board of Trade, according to Rich Feltes of RJ O’Brien in Chicago, Ill. “It’s the convergence of the middle of May, which is a critical time and the confirmation that planting is not only delayed, but it’s in […] Read more
Grain Growers call for changes to AgriStability, advance payments
WINNIPEG — Faced with a tough international market, the Grain Growers of Canada (GGC) has called on the federal government to make some changes to programs to help Canadian farmers. Citing an “increasingly complex and unpredictable trade environment” the GGC requested changes to the AgriStability Program and to the Advanced Payment Program (APP). “The time […] Read more
CWRS bids hold steady on Prairies, other classes drop
Winnipeg – Canada Western Red Spring wheat bids held relatively steady during the week ended May 10, as the Minneapolis futures managed to edge higher on the week despite losses in the Chicago and Kansas City winter wheat markets. Average Canadian Western Red Spring (13.5% CWRS) wheat prices were held within a dollar per tonne […] Read more
Saskatchewan seeding progressing: report
Winnipeg – Saskatchewan farmers made some seeding progress over the past week, with 13 percent of intended acres in the ground as of May 6, according to the latest report from the provincial agriculture department. The seeding progress was only slightly behind the five-year average of 14 percent done and ahead of the year-ago when […] Read more
Tale of two feed grain markets in Western Canada
Winnipeg – Tight old crop supplies may be keeping nearby barley bids underpinned in the Canadian Prairies, but expectations for increased acres in 2019 mean new crop bids are at a considerable discount. “It’s a tale of two markets right now,” said Glen Loyns, general manager of JGL Commodities in Moose Jaw, Sask. pointing to […] Read more
Cooler air, soil temperatures slow seeding in Manitoba
WINNIPEG – With air and soil temperatures below average, spring planting across Manitoba has been generally slow so far, according to Manitoba Agriculture. Planting is expected to pick up as both temperatures improve. In the department’s second crop report of 2019, farmers in the southwest region of the province had planted approximately 10 to 15 […] Read more
Pulses steady in sea of uncertainty
Winnipeg – Every spring offers its own mystery of what the growing season will bring, and this year is no different for the Western Canadian pulse markets. However, while the unknowns are usually linked to the weather or acreage ideas, this year also presents extra challenges for the pulse sector. India remains a major wildcard […] Read more
