Winnipeg, (MarketsFarm) – Green pea prices in Western Canada have come off their highs in recent weeks, as end users back away from the market. Top-end green pea bids have lost about a dollar per bushel over the past month, according to Prairie Ag Hotwire data. “A lot of the end users are full now,” […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Summer forecast points to average Prairie temps and more rain
Winnipeg,(MarketsFarm) – The Canadian Prairies should see higher-than-normal precipitation and generally average temperatures during the 2020 growing season, according to a forecast from Scott Kehler of Weatherlogics. Speaking at the CropConnect 2020 conference in Winnipeg, Feb. 13, Kehler said “there’s not really a strong pattern one way or the other,” when it comes to the […] Read more
Canadian oat area set to rise
Winnipeg,(MarketsFarm) – Solid prices, growing demand and a desire for risk aversion should see Canadian farmers seed more oats in 2020, with early signs pointing to the largest oat crop in more than a decade. Agriculture and Agri-Food Canada predicted 2020 oat area at 3.93 million acres in its January report, which would be a […] Read more
CBOT soybeans/corn waiting for next big thing
Winnipeg,(MarketsFarm) – Soybean and corn futures at the Chicago Board of Trade have recovered off of nearby lows, but remain rangebound overall waiting for fresh news to push values one way or the other. The United States Department of Agriculture holds its Agriculture Outlook Forum on Feb. 20-21. The agency’s first acreage and supply/demand estimates […] Read more
Uncertainty pervades pulse market
The price spread between green and yellow peas continues to widen in Western Canada, but whether that trend will continue remains to be seen. Numerous outside factors lend a general air of uncertainty to the pulse market, according to a pulse trader. Green peas typically trade at a premium to yellow peas, but that usual […] Read more
Unharvested crops skew Statistics Canada stocks data
Winnipeg,(MarketsFarm) – Canadian canola stocks were slightly tighter at the end of the 2019 calendar year compared to the previous year, according to updated Statistics Canada data. However, adverse harvest conditions left a large amount of the crop unaccounted for in the survey, which skews the overall supply/demand outlook. “Because of poor weather conditions during […] Read more
ICE canola weekly outlook: Canola correcting off of lows
Winnipeg, (MarketsFarm) – The ICE futures canola market fell sharply over the last half of January, but have turned the corner during the first few trading days of February. “I think we have room for some corrective gains,” said MarketsFarm Pro analyst Mike Jubinville on the recovery in canola. The March contract hit a session […] Read more
Prairie wheat bids fall with U.S. futures
WINNIPEG (MarketsFarm) – Hard red spring wheat bids in Western Canada moved lower during the week ended Jan. 30, as a sell-off in the United States futures weighed on prices. Concerns that the Wuhan coronavirus would lead to a slowdown in the global economy accounted for some of the broad speculative selling that weighed on […] Read more
Fund short position grows in canola
WINNIPEG, (MarketsFarm) – Large fund traders were betting that canola and soybean futures would move lower in late January, with the net managed money short position in both oilseeds rising in the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission. The net managed money short position in ICE […] Read more
Tight supplies and solid demand boost durum
Canada has exported 2.2 million tonnes of durum so far this crop year, which is up from 1.5 million tonnes last year
WINNIPEG —Tighter global supplies are keeping the Canadian durum market well supported this winter, with firmer prices likely when the Port of Thunder Bay reopens for spring. “We’re seeing a very strong export demand for durum,” said Jerry Klassen, manager of Canadian operations with Swiss-based GAP S.A. Grains and Products in Winnipeg. Canada has exported […] Read more
