WINNIPEG, (MarketsFarm) – Any changes in the latest monthly supply and demand report from the United States Department of Agriculture (USDA) on Tuesday were few and far in between when it came to corn, wheat and soybeans; what the markets largely expected. However, there were some small revisions to the department’s global projections. That meant […] Read more
Stories by MarketsFarm
Saudi-Russian price war shocks global markets
WINNIPEG, (MarketsFarm) – Benchmark crude oil prices plummeted 30 percent on Monday, after a price war erupted between Saudi Arabia and Russia. While that will mean lower prices at the pumps for consumers, in the big scheme of things the price war will not bode well for the Canadian economy, according to a pair of […] Read more
Western Canadian hard spring wheat bids firm in early March
Winnipeg,(MarketsFarm) – Hard red spring wheat bids in Western Canada moved higher during the week ended March 5, as Minneapolis futures attempted to stabilize above nearby lows and the Canadian dollar softened. Average Canada Western Red Spring (13.5 percent) wheat prices were up by C$1.50 to C$5.50 per tonne, according to price quotes from a […] Read more
Agri-chemical industry watching COVID-19
Winnipeg, (MarketsFarm) – China is a major producer of agricultural chemicals. Disruptions to production would have a ripple effect on North American supplies of crop protection inputs, such as herbicides and insecticides. Plant closures and transportation issues due to the COVID-19 coronavirus are being followed closely, but the Canadian industry is reportedly well supplied heading […] Read more
ICE Canola Weekly: Volatility the order of the day for the next while
WINNIPEG, (MarketsFarm) – Expect the canola market, along with other grains and oilseeds, to remain volatile for the time being, said David Derwin of PI Financial in Winnipeg, Man. “A lot of the markets right now are extremely erratic because of the coronavirus. I think it’s being blown out of proportion, but it is what […] Read more
CBOT soybeans and corn recover, more gains possible
Winnipeg,(MarketsFarm) – Soybean and corn futures at the Chicago Board of Trade moved off of nearby lows over the past week, with more upside a possibility, according to an analyst. “In general, with the recovery in energy prices and global markets, we’re seeing a little support come into the agricultural markets,” said Terry Reilly, of […] Read more
Prairie spring road restrictions coming into effect
Winnipeg, (MarketsFarm) – Seasonal spring road restrictions are coming into effect across much of Western Canada, which should disrupt some grain movement as Prairie temperatures warm up and the snow melts. The annual spring road restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage heavier loads […] Read more
Yellow mustard bids solid
Winnipeg, (MarketsFarm) – Yellow mustard bids remain solid in Western Canada, which should encourage acres this spring. “Yellow mustard started firming up after harvest,” said Walter Dyck, of Olds Products. Poor conditions and quality concerns in the fall provided some of the support then, with top end bids still holding around 40 cents per pound. […] Read more
Chances of flooding in Manitoba depends on weather, spring thaw
WINNIPEG, Feb. 28 (MarketsFarm) – As winter comes to an end, the Manitoba government issued its spring thaw forecast of 2020, with high water levels coming for the Red River. That’s due to significant soil moisture levels left over from the fall and above normal snow levels in the river’s United States watershed. “Our focus […] Read more
Feed barley bids to stay under pressure through spring
Winnipeg,(MarketsFarm) – Alberta cattle feeders are generally covered with their grain needs for the time being and prices should remain under pressure for the next few months as spring harvested grain will also soon be looking for a home. “Right now, especially for March movement, a lot of feedlots have very sufficient coverage,” said Suzanne […] Read more
