Winnipeg,(MarketsFarm) – United States wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with […] Read more
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Lack of willing sellers keeps pulses underpinned
Winnipeg, (MarketsFarm) – Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus, […] Read more
Solid demand, logistics underpin durum bids
Winnipeg,(MarketsFarm) – Durum bids in Western Canada have found some support from solid demand and logistical issues elsewhere in the world. Anecdotal reports of pasta hoarding, due to COVID-19 concerns, were also somewhat supportive. Cash durum bids in Saskatchewan are currently in the C$7.50 to C$8.00 per bushel range, according to Prairie Ag Hotwire data. […] Read more
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
Locust swarms raise food security concerns
Winnipeg — Locust swarms reaching levels not seen in decades are raising concerns over food security from Africa to as far east as India, according to reports from the Food and Agriculture Organization of the United Nations. The locust crisis has intensified since the beginning of 2020, but got its start in 2018 when back-to-back […] 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
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
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
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
