Winnipeg, March 24 – Feed barley in Western Canada usually sees a spring rally at this time of year, although the uptrend will be limited by large supplies still overhanging the market. Feed grains had trended lower through late February and into early March, with feed wheat leading to the downside. The losses in feed […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Oats buyers and sellers far apart on price
Winnipeg, March 10 (CNS Canada) – Farmers with oats to sell and end users willing to buy them are far apart on price. Major U.S. oats customers are well covered for the time being, “with enough to last for a few months worth of milling,” said Ryan McKnight of Linear Grain in Carman, Man. He […] Read more
Spring road bans come early
WINNIPEG — Spring road bans are starting to be put into place across Western Canada as temperatures warm up. The annual restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage that heavier loads can cause during the spring thaw period. Grain and equipment movement can both […] Read more
Spring road bans to slow grain movement across Prairies
WINNIPEG — Spring road bans are starting to be put into place across Western Canada as temperatures warm up. The annual restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage that heavier loads can cause during the spring thaw period. Grain and equipment movement can both […] Read more
Ocean shipping rates hit new low
WINNIPEG — The cost of shipping dry goods across the ocean continues to explore uncharted waters with the Baltic Dry Index now below 300 points for the first time. The BDI was quoted at 298 points Feb. 4, marking a new low since records began in 1985. The index was trading above 1,200 as recently […] Read more
Grain stocks report will get more attention than usual
WINNIPEG, Feb. 2 (CNS Canada) – The supply-demand balance sheets for Canada’s wheat, barley, and canola crops will likely see some adjustments following the release of Statistics Canada’s Dec. 31 stocks report on Thursday. The report will provide a better indication of feed use to date, while also helping confirm the official production estimates. “The […] Read more
Baltic Dry Index plumbs new depths — again
WINNIPEG, Jan. 28 (CNS Canada) – The ocean floor remains one of the few unexplored mysteries of the world. However, the cost of traversing those waters continues to reach new depths, as the Baltic Dry Index sinks ever lower. The Baltic Dry Index (BDI) was quoted at 325 points on Thursday, marking a new low […] Read more
Feed barley market steady, gains expected in spring
Winnipeg – The feed barley market is holding relatively steady in Alberta early in 2016, but advances are expected in the spring. “There has been a fair bit of selling (over the past few weeks) but that hasn’t really pressured prices down any further,” said Jared Seitz, of Agfinity in Alberta. He said the steady […] Read more
Ocean freight rate hits new low
WINNIPEG — The downtrend in ocean freight rates is showing no sign of letting up as the Baltic Dry Index once again hit fresh historic lows. The BDI was quoted at 445 points Jan. 7, marking a new low since records began in 1985. The index was trading higher than 1,200 as recently as the […] Read more
U.S. wheat up with short covering, but more downside possible
Winnipeg, Jan. 8 – U.S. wheat futures hit contract lows over the past week, before seeing a short-covering correction in recent days. However, with ample world supplies and poor export demand, the path of least resistance likely remains lower, market participants say. The fundamentals are bearish for wheat, but the market structure looks more bullish, […] Read more
