January is normally a busy agricultural information month in Western Canada, with several large provincial events taking place. Compounding the normal flow of information and meetings has been the significant transportation issues that have driven delivery basis spreads wider than at any time in recent memory. This week’s Western Producer news and markets video-cast catches […] Read more
Markets — page 936
U.S. December cattle placements rise unexpectedly
CHICAGO, Jan 24 (Reuters) – The number of cattle placed in U.S. feedlots in December unexpectedly increased one percent from a year earlier as cheaper feed encouraged them to bring in young cattle for fattening, a government report showed on Friday. The U.S. Department of Agriculture showed December placements at 1.681 million head, up one […] Read more
March canola falls $7.80 on the week
Nearby canola lost another $7.80 this week as the outlook for oilseeds generally turned more negative and Canada’s particular problems with logistics continued. Soybeans and soy oil barely changed in trading Friday but settled on the positive side. However March canola fell S4.90 on the day. November canola fell $4.60 on the day and $5.60 […] Read more
CME live cattle futures sag before USDA report, hogs up
By Theopolis Waters CHICAGO, Jan 24 (Reuters) – Chicago Mercantile Exchange live cattle futures moved lower on Friday on investor caution before the U.S. Department of Agriculture’s monthly cattle-on-feed report at 2 p.m. CST, traders said. Most analysts polled by Reuters believe placements of cattle in U.S. feedlots in December likely dropped 2.3 percent from […] Read more
Flax price rebound coming: analyst
St. Lawrence Seaway closed | Prices are expected to climb o.nce exports to the EU resume
The recent nosedive in flax prices will be short-lived, says a grain analyst. Bids have fallen to as low as $10 per bushel at some elevators from highs of $13 to $14 in December. “I think we’ll see a recovery,” Chuck Penner, an analyst with LeftField Commodity Research Inc., told growers attending his CropSphere 2014 […] Read more
Slow pulse exports may boost carryover
Slow sales | Analyst says growers may be wise to jump on new crop bids
Pulse exports are lagging well behind where they need to be, says an industry analyst. Bulk pea shipments in the first four months of 2013-14 were 739,413 tonnes. Pea exports will fall 500,000 tonnes short of Agriculture Canada’s expectations if that pace is maintained. “That’s not happy news,” Larry Weber, analyst with Weber Commodities Inc., […] Read moreMustard a solid bet for prairie growers in 2014: analyst
Mustard is one of the few crops that has maintained prices into 2014. Farmers can expect to see a fairly reliable market for their crops this year, Kevin Dick of All Commodities Trading said last week during the Saskatchewan Mustard Development Commission meeting at Crop Production Week in Saskatoon. Dick said prices for brown mustard […] Read more
Grain markets could get worse
Grain prices look terrible in the context of the last few years, but they could fall further because of mounting supplies. It means Canadian farmers should consider using marketing tools to price 2014 production and arrange delivery opportunities for new crop, said Neil Townsend, director of market research for CWB. The previous shortages in grain […] Read more
Market conditions for oats grim: analyst
Ending stocks high Prices are dropping and growers will have a tough time moving crop
What a difference a year makes. When oat industry analyst Randy Strychar stood in front of Saskatchewan oat producers in January 2013 to offer his annual market outlook, he suggested that the crop could be one of few bright spots in an otherwise gloomy global market, at least relative to other Canadian cereal crops. Fast […] Read moreIs investment in railway, port capacity sufficient for the future?
There are shocking statistics about the gap between what grain companies and farmers want to move from this year’s record large crop and what the railways are able to deliver. David Przednowek, CWB pool manager, provided the data in his presentation at Crop Production Week in Saskatoon Jan. 17. The grain companies have ordered 40,000 […] Read more
