WINNIPEG, (MarketsFarm) – Wheat bids in Western Canada were significantly higher for the week ended March 19, due to gains made in the United States markets coupled with a weaker Canadian dollar. Canada Prairie Red Spring (CPRS) saw the largest increases, with bids up by more than C$20 per tonne. Increases for Canadian Western Red […] Read more
Stories by MarketsFarm
Ag Canada adjusts supply/demand tables slightly
WINNIPEG, (MarketsFarm) – Updated supply/demand tables released by Agriculture and Agri-Food Canada on March 19 include only minor adjustments to the stocks and usage numbers, with slight increases to the wheat and canola ending stocks forecasts for 2020/21. Canola ending stocks for 2020/21 are now forecast at 2.80 million tonnes. That would be up from […] Read more
Feed Grain Weekly: In midst of market turmoil feed prices steady for most part
WINNIPEG, (MarketsFarm) – Despite of all of the commotion in the markets due to the economic impact from the COVID-19 pandemic, feed grain prices have been steady, according to Nelson Neumann of Agfinity in Edmonton, Alta. Neumann said feed prices were in a steady decline since the cold snap around the beginning of January. “This […] Read more
ICE canola weekly outlook: more virus volatility expected
Winnipeg,(MarketsFarm)– A sharp drop in the Canadian dollar helped lessen the blow of the COVID-19 pandemic on the ICE canola market, with volatility and uncertainty expected to be the feature in the upcoming weeks. Any strength in canola “is 100 per cent the Canadian dollar and nothing else,” said Ken Ball, of PI Financial in […] Read more
Signs of recession for Canada says Conference Board
WINNIPEG,(MarketsFarm) – The Conference Board of Canada believes the country is likely heading towards an economic recession. The business think-tank issued its spring outlook on Tuesday, and noted economic growth in the fourth quarter of 2019, “was already on a precarious footing.” Now with the economic downturn stemming from the COVID-19 pandemic, plus the rail […] Read more
Western Canadian wheat: Battle between weaker loonie, lower U.S. prices
WINNIPEG, (MarketsFarm) – Wheat bids in Western Canada for the week ended March 12 saw prices Canadian Western Red Spring Wheat (CWRS) on either side of steady. Prices for Canada Prairie Red Spring (CPRS) saw a greater range of losses and gains, while prices for Canadian Western Amber Durum (CWAD) were steady to higher. There […] Read more
Seasonal restrictions underpin feed grains, virus being watched
Winnipeg, (MarketsFarm) – Seasonal weight restrictions and spring road bans are providing some underlying support for feed grain bids in Western Canada, with the COVID-19 coronavirus outbreak also being followed closely. “Winter weights are coming off, which is restricting the areas (feedlots) can pull from,” said Allen Pirness, of MarketPlace Commodities in Lethbridge, Alta, adding […] Read more
CBOT Weekly: Markets focused on coronavirus, oil prices, stocks
WINNIPEG,(MarketsFarm) – The commodity markets, such as the Chicago Board of Trade (CBOT), are currently focused on only three things, stated Steve Georgy, president of Allendale Inc. in McHenry, Ill. One of them is the COVID-19 coronavirus and specifically how the global outbreak affects the commodity markets. Especially if it results in, “the slowing down […] Read more
USDA adjusts world rapeseed stocks estimates
Winnipeg, (MarketsFarm) – World rapeseed ending stocks are forecast to tighten slightly in 2019/20 compared to earlier projections, according to an update from the United States Department of Agriculture Foreign Agriculture Service. The Oilseeds: World Markets and Trade report pegged world rapeseed carryout for the current marketing year at 6.307 million tonnes, which would be […] Read more
Solid bids underpin Manitoba edible bean area, soy acres to fall
Winnipeg, (MarketsFarm) – Solid prices should keep Manitoba farmers growing edible beans in 2020, although soybean area will likely drop, according to a provincial specialist. Disappointing harvest weather in 2019 hurt yields and cut into harvested area for edible beans in both Manitoba and across the border in the United States. As a result, prices […] Read more
