Flax prices are beginning to creep higher in Canada and that comes as no surprise to Harold Davis, author of Prairie Crop Charts. FOB prices jumped to $12.50 per bushel last week from $12 previously, breaking a long stretch of steady to lower prices since January. Davis knew better prices were on the horizon partly […] Read more
Tag Archives price outlook
No summer sale at diesel pump
It’s been a strange summer for fuel prices. Pump prices for gasoline in Canada and the United States typically rise in the summer, while diesel prices fall. However, diesel prices have been flat in Western Canada this summer, and gasoline prices have fallen. As a result, there was a strange sight in July for drivers […] Read more
Is a wheat rally on the horizon?
Dry conditions across the U.S. northern plains and spring seeding setbacks in Western Canada could boost prices
A developing drought in the United States northern plains, early signs of a low protein U.S. winter wheat crop and planting problems in Western Canada could spark a spring wheat price rally, say analysts. Jim Peterson, marketing director for the North Dakota Wheat Commission, says it has been hot and dry in Montana, western North […] Read more
Brewers blasé about malting barley supply
Quality malting barley is difficult to find but rather than crying in their beer, some buyers are turning to lower quality crop
The western Canadian malting barley market has given nothing for farmers to smile about over the Christmas holidays. Instead of a hoped-for rally, the present weakness has reinforced worries that Canada’s crop no longer matters much in the global malting market. “It’s just kind of blah,” said Neil Townsend, chief analyst at FarmLink Marketing. “There […] Read more
Hog explosion threatens profits
The U.S. growth in production is not keeping pace with exports, and analyst warns of a price correction
CALGARY — China and the United States are both increasing hog production, and that has major implications for the Canadian pork industry, says an agricultural analyst. Brett Stuart, chief executive officer of Global AgriTrends in Denver, predicts that China will add 1.7 million tonnes of pork production next year and reduce its imports as a […] Read more
Storm looms for hog producers: analyst
The hog price outlook is dire, but most western Canadian farmers should be OK, says analyst Tyler Fulton. “We could see the writing on the wall,” said Fulton about why most of the independent hog producers Hams Marketing represents locked in fourth quarter prices that were much higher than today’s loss-making levels. “There was a […] Read more
Peas, lentils squeeze out flax acres
Flax growers should refrain from getting too bullish about harvesting the smallest crop since the Triffid era, say analysts. Statistics Canada estimates growers will produce 575,800 tonnes of the oilseed, which is 39 percent smaller than last year’s crop. It is only slightly larger than the crops were in the three years after Canada lost […] Read more
Oil demand boosts canola price
Canola prices have climbed in recent weeks despite prospects of a big crop on the way. The oilseed has support from soybean oil, which in turn is being propped up by rising palm oil prices. In recent weeks, there has been a dramatic rebound in soy oil prices that had been on a steady downward […] Read more
VIDEO: Brace for low prices
CHICAGO, Ill. — Farmers should brace for lower prices next year, according to data from a leading industry analyst. Darin Newsom, senior analyst with DTN, said he expects U.S. corn, soybeans and wheat stocks to increase in 2016-17, which means lower prices for those commodities, as well as for almost every crop grown in Canada. […] Read more
Hot prices at early cattle sale bode well for fall run
CHAIN LAKES, Alta. — Boom times continue for the Canadian cattle business and recent yearling sales indicate a hot fall market. It’s so hot that market analysts no longer make predictions. “I did say prices could go a little higher in 2015 but we really shot through the moon again,” said Brian Perillat of Canfax, […] Read more
