Initial payments for 2007-08 were out of date the moment they were announced. The payments were approved and released by the federal government Aug. 3, the third day of the new crop year. But no sooner had the payments been announced than Canadian Wheat Board chief executive officer Greg Arason said the board would ask […] Read more
Markets — page 924
Initial payments need to rise: CWB
Barley growers must check contracts
In the days before harvest, farmers need to check their combines to make sure they are running smoothly. But this year some are going to have to give up maintenance time to do some reading and make phone calls. That’s the situation facing any farmer who signed sales contracts with grain companies, maltsters or anyone […] Read more
Grain auction goes on-line
A Saskatoon based grain broker has launched an internet auction service to help farmers get the best price for their commodities and improve price discovery. Merv Berscheid, CGF Brokerage and Consulting owner, said the e-auction that began Aug. 1 fits new grain industry trends such as identity preservation (IP). He had hoped that the launch […] Read more
Market Notes – Wheat futures buoyed
CHICAGO, Ill. (Reuters) – Wheat futures rose last week, following strength in European wheat markets amid global supply concerns. In Paris, milling wheat futures rose on harvest delays due to more rain in northern France and soaring domestic cash markets. Also bullish was news that the Canadian Wheat Board lowered its all-wheat production estimate for […] Read more
Western Producer Livestock Report
Fed prices rise Fed cattle prices were $1-$2 higher last week, said Canfax. The average steer price was $1.80 per hundredweight higher at $86.48 while heifers were $1 higher at $85.41. Fed steer prices ranged from $85 to $87.35 per cwt live and $143.50 to $144.85 on the rail, while heifers were $85 to $86 […] Read more
Western Producer Livestock Report
Fed cattle trade higher Feedlots were active sellers with steers ending last week 50 cents per hundredweight higher and heifers 75 cents higher, Canfax said. There was little U.S. buying interest due to the high Canadian dollar. Trade was slightly less than 23,000 head, steady with the week before. Alberta prices July 26 were fed […] Read more
Cargill shopping for more canola
CLAVET, Sask. – More prairie acres could be sporting yellow flowers next year thanks to the growing North American demand for healthier cooking oil. Gary Galbraith, Canadian production manager for Cargill Specialty Canola Oils, said his company expects to sign 2008 canola production contracts with 500 to 700 additional producers this fall, most of them […] Read more
Late seeded canola suffers under July heat wave
After the first week of scorching plus 30 C temperatures, analyst Don Roberts was worried. “If we remain hot, real hot, then I’ve got a concern,” the Ag Commodity Research canola expert said July 23, before a brief break in the heat wave. Since then, a series of hot days have roasted the Prairies, creating […] Read more
New CWB program locks in deliveries
Since Aug. 1, farmers have been able to lock in delivery periods for Canada Western Red Spring Wheat grades through an expanded Delivery Exchange Contracts program. The Canadian Wheat Board is allowing farmers to sign up amounts of No. 1, 2, 3 or 4 CWRS for specific delivery periods. Farmers can either hang onto those […] Read more
Old crop PRO disappoints – Market Watch
It is puzzling that the Canadian Wheat Board dropped the 2006-07 Pool Return Outlook for wheat. The board says the wheat market rally that began in mid May has had little effect on the 2006-07 pool because farmers did not deliver as much grain as expected, preferring to delay delivery into the higher priced new […] Read more
