MarketsFarm — After a bit of a rally for feed grain prices over the last three to four weeks, the feedlots are on the full side, said Brandon Motz of CorNine Commodities at Lacombe, Alta. “That normally means we back off a little bit,” he said, noting there hasn’t been an uptick in deliveries with […] Read more
Feed weekly outlook: Rally likely to end soon
IGC calls for more wheat despite lowering global forecast
MarketsFarm — At close to 1.03 billion tonnes, there’s going to be more wheat in the world in 2019-20 than in the previous marketing year, according to the latest outlook from the International Grains Council (IGC). The London-based organization released its report on Jan. 23, in which it revised its previous forecast — but with […] Read more
Prairie cash wheat: Bids generally higher
MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were up for CWRS and CPSR, while durum (CWAD) bids were mostly higher. The Canadian dollar was down by more than a half cent during the week. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices ranged from up $3-$5 […] Read more
ICE weekly outlook: Don’t expect China to buy if Huawei exec goes free
MarketsFarm — ICE Futures canola traders have been keeping a close eye on this week’s extradition hearings for Huawei executive Meng Wanzhou in Vancouver. The hearing is to determine whether Meng will be extradited to the U.S., which requested her arrest by Canadian authorities in December 2018. China, in the wake of that arrest, detained […] Read more
Flax prices likely to remain flat
MarketsFarm — Although autumn snowfall limited the quality of a lot of Prairie flax, its price has remained flat, according to Brian Johnson of Johnson Seeds at Arborg, Man. While Johnson has seen some instances of No. 1 flax, he said most of what he’s seen has graded Nos. 2 and 3. “The premiums are […] Read more
Spring weather to determine Prairies’ crop pest load
MarketsFarm — How problematic insects fare across the Prairies in 2020 depends largely on the weather this spring, according to three provincial insect specialists. Be the insects grasshoppers, flea beetles, cutworms, or a few other types, their potential to cause significant damage to Prairie crops will partly depend on how dry and warm this coming […] Read more
Feed weekly outlook: Best not to wait to sell
MarketsFarm — As warmer winter temperatures are bound to happen, the sooner farmers can sell their feed grain the better, said Nelson Neumann, senior trader for Agfinity at Stony Plain, Alta. “There’s still a lot of high-moisture feed grain that’s in storage and frozen,” he said, commenting “I wouldn’t be surprised if we saw a […] Read more
Pulse weekly outlook: India pulse estimates improve
MarketsFarm — Conditions are still not looking good for India’s kharif (summer) production, and in particular for pulse crops. Excessive monsoon rains, followed by above-average post-monsoon rains, have hurt production, according to a report. The excessive rains resulted in flooding in 13 states in India and the National Bulk Handling Corp. (NBHC) estimated Monday that […] Read more
Prairie cash wheat: Depending on variety, bids a mixed bag
MarketsFarm — Wheat bids in Western Canada varied for the week ended Thursday. Canada Western Red Spring (CWRS) wheat was mixed, while Canada Prairie Spring Red (CPSR) was stronger, and durum (CWAD) steady to slightly higher. The Canadian dollar lost about a half cent during the week. Average CWRS (13.5 per cent protein) wheat prices […] Read more
CBOT weekly outlook: 2019 ends on high note
MarketsFarm — Despite a number of tough challenges in 2019, one broker at the Chicago Board of Trade said the year ended on a high note. “For what we went through with China this whole year, this trade war, you had corn, wheat and soybeans close higher for the year on Dec. 31,” said Scott […] Read more
Cyber-Savvy Farmer
