Oat growers in the south Red River Valley are beginning to bring in a fat harvest. “They’re pretty heavy,” said Emerson Milling buyer Jared Firlotte about local crops, which are generally about 110 pounds per bushel. “Everything around here looks good.” That’s happy news in the light of stumbling oat prices, which while defying last […] Read more
Markets — page 923
Manitoba oats good, Sask. spotty
Pulse company aims to be world’s biggest
A merger creating North America’s largest lentil exporting company is complete. Agtech Income Fund has acquired Saskcan Pulse Trading Inc., in a deal worth $23.2 million. The new entity will be half owned by the public and half by the original shareholders of Saskcan and Agtech. Both companies will continue to operate as separate firms, […] Read more
Western Producer Livestock Report
Fed cattle steady Fed cattle trade looked like it would start last week stronger due to the lower Canadian dollar Aug. 14, but once the dust settled, cattle traded steady to slightly higher than the previous week, Canfax said. Feedlots were willing sellers last week with 26,318 head sold, up 13 percent from a week […] Read more
New barley PRO released
Farmers finally have a current barley Pool Return Outlook from the Canadian Wheat Board. But many will be disturbed to see most malting barley prices little above where they were April 18, when barley PROs were cancelled because of the potential loss of the CWB barley monopoly. Feed barley prices have risen more. Special Select […] Read more
Barley prices rebound since ruling
The Federal Court of Canada’s decision to block the breaking of the barley monopoly sent barley futures prices plunging, right?The answer appears to be: Yes and No. Analysts and traders agree that the sudden change in who had the right to market the crop caused a short-term sell-off of the Winnipeg Commodity Exchange’s barley contract. […] Read more
Subprime mortgage crisis hits commodity markets
& Reuters New Service Commodities can seem as safe as houses to many investors in turbulent times. But unfortunately houses right now seem like terrible investments with the crisis in the “subprime” mortgage market in the United States blamed for weakness in U.S. commodity markets. Many market reports last week fingered the subprime crisis for […] Read more
Mustard crop fizzles
Brett Meinert’s mustard crop got off to a tremendous start. There was strong germination and good early crop development. It looked promising right through the end of June. Earlier this week, the Shaunavon, Sask., farmer started combining a crop that will likely yield 10 bushels per acre, half of the farm’s long-term average, due to […] Read more
Western Producer Livestock Report
Fed cattle weaken The fed cattle market was slightly lower last week due mostly to a lower fed market in the United States, said Canfax. Fed steer prices ranged from $84-$86.50 per hundredweight live and $141.50-$142.30 on the rail, while heifers ranged from $84.40-$85.20 live and $138.50-$144 on the rail. Steers averaged $85.81 per cwt., […] Read more
Domestic buyers top wheat board customers
The Canadian Wheat Board’s biggest customer last year was Canada. As is usually the case, domestic processors were the biggest buyers of Canadian wheat, durum and barley from the CWB. Canadian millers and maltsters bought 2.34 million tonnes of wheat, 305,000 tonnes of durum and 925,000 tonnes of malting barley from the farmer-run marketing agency, […] Read more
CWB hopes to fill barley contracts
The Canadian Wheat Board says it will do its best to execute barley sales contracts entered into by private companies that anticipated an open market going into effect Aug. 1. But the board’s vice-president for marketing said there is no guarantee that all those sales will come to fruition. “It’s not possible to say all […] Read more
