Winnipeg (MarketsFarm) – The western Canadian feed grain market is showing signs of finding a bottom, as buyers wait to get a better handle on the quality of the grain still unharvested across the Prairies. Feed barley is currently trading at around C$200 per tonne in southern Alberta, while feed wheat bids are around C$210, […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Grains drop, soybeans firm following USDA WASDE report
Winnipeg (MarketsFarm) – Monthly supply/demand data from the United States Department of Agriculture was supportive for soybean prices but bearish for corn and wheat, with adjustments to yields and harvested acres providing a number of surprises. Corn futures saw the largest immediate reaction at the Chicago Board of Trade, as average yields were unexpectedly raised […] Read more
Late North American durum facing quality downgrades
Winnipeg (MarketsFarm) – Cool and wet conditions delaying harvest operations across the North American durum growing regions are cutting into the quality of the crop in both the United States and Canada, with widening price spreads likely going forward. “It’s been a challenging harvest,” said Erica Olson, marketing specialist with the North Dakota Wheat Commission. […] Read more
Harvest delays boost canola futures
Winnipeg, (MarketsFarm) –ICE Futures canola contracts were stronger on Friday, seeing a continuation of the past week’s rally as Prairie weather concerns remained supportive. Spillover from advances in Chicago Board of Trade soybeans added to the firmer tone. Harvest operations remain well behind normal across Western Canada, with the latest crop report out of Alberta […] Read more
Canola up for the fourth straight day
Winnipeg, MarketsFarm) – ICE Futures canola contracts moved up for the fourth-straight session on Tuesday, breaking above major chart resistance as persistent Prairie weather concerns kept farmer selling on the sidelines and encouraged speculative short-covering. A rally in Chicago Board of Trade soyoil was also supportive, although soybeans settled with small losses. Large old crop […] Read more
Canola futures stronger; wheat drops
Winnipeg, (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, as fund short-covering and a lack of farmer selling on the other side provided support. Gains in Chicago Board of Trade soyoil and weakness in the Canadian dollar added to the stronger tone. The Canadian dollar was down by roughly half of a […] Read more
Late Canadian mustard crop facing quality downgrades
Winnipeg (MarketsFarm) – An early blast of snow and cold temperatures across the Canadian Prairies has delayed harvest operations for a mustard crop that was already running behind normal, with quality downgrades expected for any mustard still in the field. “It has to be absolutely flattened,” said mustard buyer Walter Dyck of Olds Products in […] Read more
Harvest delays supporting canola futures
Winnipeg, (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, seeing some follow-through speculative buying after Monday’s rally. Harvest delays and quality concerns following recent snow, rain, and cold temperatures across parts of the Prairies remained supportive, according to traders. Continued strength in Chicago Board of Trade soybeans also helped underpin canola, according […] Read more
Snow boosts canola futures
Winnipeg, (MarketsFarm) – The ICE Futures canola market was stronger on Monday, as the market reacted to the early start to winter that hit parts of the Prairies over the weekend. The snow was heaviest in Alberta, but cold and wet conditions in all three Prairie provinces raised concerns over harvest delays and quality downgrades […] Read more
Barley price slide slowing as harvest drags
Winnipeg, (MarketsFarm) – The slide in Western Canadian feed grain prices over the past few months is showing signs of slowing down, as concerns over harvest delays supplant earlier concerns over large crops and quality downgrades. “The weather over the next week or so doesn’t look that great,” said Allen Pirness of Market Place Commodities […] Read more
