MarketsFarm — Despite the losses canola and other crops have incurred during the week of June 13, prices have remained rather high, according to a trader. “Even though we got some big crops brewing in North America, the prices are not falling apart. There are just enough things in there to keep these markets a […] Read more
ICE weekly outlook: Other factors trump seasonal pressure on canola
Prairie cash wheat: Spring wheat up, durum pulls back
MarketsFarm — Wheat prices on the Canadian Prairies were mixed during the week ended Thursday. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats incurred moderate gains, as Canada Western Amber Durum (CWAD) fell back. Good upticks in the U.S. wheat complex fueled price increases in Western Canada, along with a weaker […] Read more
June USDA report includes few changes or surprises
U.S. corn, soybean carryout projections down from May's
MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop […] Read more
Feed weekly outlook: Prices slip slightly
MarketsFarm — There has been scant movement in feed grain prices over the last week, according to Susanne Leclerc of Market Master Ltd. in Edmonton, who noted demand has backed off a little. Buyers have stepped away following rains throughout much of the province, including the drought-stricken south. In turn, she said, prices “softened slightly.” […] Read more
Pulse weekly outlook: Lentils planted, now it’s wait-and-see
MarketsFarm — As planting of lentils on the Canadian Prairies has pretty much wrapped up for 2022, prices have been holding firm, according to Colin Young of Midwest Grain Ltd. at Moose Jaw. “In pulses right now, this is the naturally quiet time of the year. We’re ramping old-crop into new-crop,” Young said. “Prices are […] Read more
‘Petro-plectic’ anger rises toward fuel prices
Fuel refiners seen booking 'epic' revenues
MarketsFarm — Fuel prices are very likely to continue to increase with summer approaching, according to Tom Kloza, the Florida-based global head of energy analysis for Oil Price Information Services. “I wish I could say there’s a light at the end of the tunnel, but I would say right now, it’s just a flicker,” he […] Read more
ICE weekly outlook: ‘Meltdown’ not yet on canola market radar
MarketsFarm — There’s more to the sharp decline in U.S. wheat and corn futures than the possibility of Ukrainian exports returning to the global market along with the massive liquidation of longs, according to analyst Errol Anderson of ProMarket Communications in Calgary. “My theory with what is going on is that we’re seeing a fairly […] Read more
CBOT weekly outlook: Prices likely to trend downward
MarketsFarm — With weather in the U.S. becoming more favourable for spring planting, combined with other factors, prices on the Chicago Board of Trade CBOT) are expected to push lower, according to Scott Capinegro of Barrington Commodity Brokers at Barrington, Ill. “If you’re getting it planted and it rains, the stuff is off to a […] Read more
Feed weekly outlook: Wheat far more expensive
MarketsFarm — The price for feed wheat is exorbitantly much higher than for barley or corn, according to Jim Beusekom of Market Place Commodities in Lethbridge. While price reports into that area’s feedlot alley put feed barley at $465 per tonne and corn at $480, wheat is about $600, he said. Feed wheat “is trending […] Read more
Pulse weekly outlook: Still early in season to switch crops
Decisions likely in next couple of weeks
MarketsFarm — With dry conditions dominating western and southwestern Saskatchewan and wet conditions prominent in the province’s east and northeast, at mid-May it remained early to consider switching pulse crops to something else, according to Carl Potts, executive director of Saskatchewan Pulse Growers. Overall, he said, spring planting throughout the province as of May 9 […] Read more
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