The world is thirsty for malting barley and the only seller with anything on tap is Canada. The result is prices for Canadian malting barley that have never been seen before. Poor quality crops in Europe and the United States have left the Canadian Wheat Board as the only major global seller of malting barley […] Read more
Markets — page 922
Malting barley hits record high
Prairie economy set to sizzle, says analyst
North American farmers, especially those in Western Canada, are going to have to get used to changing economic times. “I know it’s not something they’ll be used to, but they are going to have a new problem to deal with. The problem of prosperity,” said BMO Financial Group global financial strategist Don Coxe. Coxe has […] Read more
Prices spur optimism
Many prairie hallmark crops are likely to be big moneymakers this year. Wheat, durum and canola all look like market favourites at a time when the grain complex is riding high. Wheat prices are tickling records at U.S. exchanges, durum prices projected by the Canadian Wheat Board are at very high levels, and canola’s price […] Read more
WCE sale should go easily
Don Roberts didn’t force the Winnipeg Commodity Exchange to tear its shares from his hands. He happily voted in favour of the deal that will likely see the Intercontinental Exchange Inc. (ICE) take over the WCE for $50 million. “I think they did a decent job,” said Roberts, a grain merchant and commodity market analyst, […] Read more
Hog inventory shows breeding herd smaller – Pig tales
Statistics Canada released its latest Canadian livestock inventory report Aug. 16. The number of farms reporting hogs is now 11,497, down 25.7 percent from 2001. But the average farm now has 1,308 hogs, up 45 percent from 2001. The largest farms are in Manitoba, with an average inventory of 2,468 head in 2006, up 62 […] Read more
Lock in soybean profits now, says analyst
Jeffrey Kennedy expects to see soybean prices climb higher to reach near $9 US per bushel. But the analyst does not recommend that traders buy their way into the crop. To him, this is a time when discretion is the better part of valour. “Now is not the time to get cocky or arrogant or […] Read more
Western Producer Livestock Report
Fed price turns up The fed cattle market was slow to develop but trade turned active Aug. 22 and feedlots sold cattle at prices mostly steady to slightly higher than the week before, said Canfax. Alberta prices Aug. 23 were steers $84.25 to $87.35 per hundredweight live and $143.35 to $144.80 on the rail with […] Read more
Barley sales need keen eye
Many farmers are relieved to finally be able to see barley Pool Return Outlooks. But while the PROs reveal the prices that farmers who use Canadian Wheat Board pools will likely receive, they still leave many farmers with feed barley having to decide whether to sell through the board or to the local domestic market. […] Read more
Wheat board scouts for winter wheat
If you’ve got winter wheat, the Canadian Wheat Board wants it, and now. Prairie farmers are in the final stages of harvesting a high volume, high quality winter wheat crop. The board says international demand is strong and prices are good, and it is urging producers to sign delivery contracts as soon as possible. “There […] Read more
Durum buyers wary of supply
Canadian durum growers are raking in the cash from new markets and booming world prices. But some of Canada’s best durum customers warn that the kind of world crop supply problems that have produced the high prices are forcing customers to cut their pasta production. “At this time we have a little problem with the […] Read more
