Winnipeg,(MarketsFarm) – Sharp losses in Chicago Board of Trade soybeans over the past month are looking overdone, according to an analyst who expects the lows may be in for the time being. March soybeans lost roughly 60 cents per bushel since the beginning of January, with the latest concerns over the coronavirus in China contributing […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Virus concerns add more uncertainty to cattle market
Winnipeg,(MarketsFarm) – Cattle futures in Chicago dropped hard over the past few days, as mounting concerns over the coronavirus in China triggered a broad-based selloff in global equities and commodities. While the virus adds an extra layer of uncertainty to the North American cattle market, expectations for solid beef demand should remain supportive for prices […] Read more
Ag Canada forecasts larger wheat crop, smaller canola in 2020/21
WINNIPEG,(MarketsFarm) – Canadian farmers will seed more wheat and less canola in the upcoming 2020 growing season, according to the first supply/demand estimates for the 2020/21 marketing year from Agriculture and Agri-Food Canada released Jan. 23. Total planted wheat area is forecast to rise to 25.77 million acres, from 25.02 million the previous year. Production […] Read more
Canaryseed one step closer to ‘official’ status
Producers ask for the crop to be included under the Canada Grains Act, making it eligible for grain commission licensing
Canaryseed may still be a relatively minor special crop in Western Canada, but the grain is one step closer to gaining official status. Producers at the Canary Seed Development Commission of Saskatchewan’s Jan. 13 annual general meeting voted in favour of formally requesting the crop’s inclusion under the Canada Grains Act. The proposed regulatory change […] Read more
Prairie feed bids cool as temperatures rise
Winnipeg, (MarketsFarm) – Feed grain bids in southern Alberta are cooling down as temperatures warm up after a bitter cold spell earlier in the month. After dealing with temperatures in the -20C to -34C range over much of the week ended Jan. 17, conditions in the key Lethbridge feeding area have flipped the other way. […] Read more
Uncertainty pervades pulse market
Winnipeg (MarketsFarm) – The price spread between green and yellow peas continues to widen in Western Canada, but whether or not 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 […] Read more
Tighter supplies and solid demand underpin Canadian durum bids
Winnipeg, (MarketsFarm) – 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 the 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. […] Read more
Canaryseed one step closer to ‘official’ status
Winnipeg (MarketsFarm) – Canaryseed may still be a relatively minor special crop in Western Canada, but the grain is one step closer to gaining official status. Producers at the Canary Seed Development Commission of Saskatchewan annual general meeting, last week, voted in favour of formally requesting canaryseed’s inclusion under the Canada Grains Act. The proposed […] Read more
CGC revises domestic canola usage down, but still up on the year
Winnipeg,(MarketsFarm) – Domestic canola demand remained well ahead of exports in the latest Canadian Grain Commission report for the week ended Jan. 12, but revisions to data show that the crush pace is not quite as active as reported earlier in the month. The original data for the week ended Jan. 5 showed domestic disappearance […] Read more
Canola futures bounce back at week’s end
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were stronger on Friday, taking back much of the losses posted earlier in the week amid ideas those declines were overdone. A turn higher in Chicago Board of Trade soyoil and soybeans provided underlying support. A weaker tone in the Canadian dollar also underpinned the futures. However, […] Read more
