Ontario received average precipitation in March, and temperatures were four to six degrees above normal. Soil and weather conditions are favourable for planting corn and soybeans and planting of row crops is expected to occur seven days earlier than normal. Winter wheat is developing in an optimal environment. Quick lookSoybeans: A historically low carryout of […] Read more
Volatile world wheat market, conditions bear close watch
Lower wheat production in Europe and dry conditions in Russia and Ukraine will affect prices
Klassen: Buyers step back on feeder cattle due to bird flu
Compared to last week, Western Canadian feeder cattle markets traded $4-$8/cwt lower while some packages of heavier replacements dropped as much as $12/cwt, and three main factors led to weaker prices.
Klassen: Feeder market resumes the climb
For the week ending March 30, Western Canadian feeder cattle markets traded $4 to $6 higher on average. Fleshier backgrounded yearlings were relatively unchanged. Buyers were fairly cautious on backgrounded heifers with some packages actually softer than seven days earlier. Larger strings of quality genetic, low flesh steers were up $6 to as much as $10 in some cases. Weaned, premium, calves were up a solid $5 to $6 on average.
Volatile corn market expected from April onward
Market has potential to move higher in summer due to weather, yield predictions
Ontario farmers plan to plant more soybeans this spring while corn acres will be similar to last year. Producers planted less winter wheat during the fall of 2023 and plan to decrease spring acres in 2024. Cash corn and soybean prices have been percolating higher over the past couple weeks. A decrease in farmer selling […] Read more
Klassen: Feeder market rally stalls
Compared to last week, Western Canadian feeder cattle prices were quoted $3-$4/cwt on either side of unchanged.
Klassen: Feeder market adjusts to lower supplies
Western Canadian prices for backgrounded replacements were $2 to $4 higher than last week. Lower flesh yearlings were valued $3 to $8 above week-ago levels. Prices for calves under 800 pounds were up $3 to $7 compared to seven days earlier with noted strength in feeders under 600 pounds.
Grain export demand slows beyond seasonal expectations
Canada’s second and third largest trading partners continue to struggle while the U.S. economy continues to outperform
Ontario corn, soybean and wheat prices have come under pressure in recent weeks. Export demand during the January through March period has been lower than expected for corn and soybeans. This has resulted in larger supplies for the domestic market. Steady farmer selling has kept commercial stocks at higher levels. Canadian and U.S. flour millers […] Read more
Klassen: Yearling price trend stalls while calves ratchet higher
Larger players aggressively securing lightweight calves on expectations of low yearling supplies
Western Canadian feedlots are carrying sufficient numbers for the time being and feeding margins remain deep in red ink on unhedged cattle. Secondly, carcass weights are sharply above year-ago levels and Alberta finishing lots are backed up with market-ready supplies.
Klassen: Grassers and herd rebuilding confidence keeps feeders elevated
Major grazing regions of Western Canada receive more than double of normal precipitation in last month
The major grazing regions of Western Canada have received over 200 per cent of normal precipitation over the past 30 days. Grassers were red hot. Demand has also increased for herd building heifers which has diminished supplies for finishing feedlots.
Canada, U.S. soybeans face reduced export demand
Prices are at a premium compared to product from South America
Statistics Canada released its Dec. 31 stocks report on Feb. 8. Ontario on-farm wheat stocks were lower than anticipated. The year-over-year increase in wheat production resulted in larger farmer selling. Ontario on-farm corn stocks as of Dec. 31, 2023 were down nearly 600,000 tonnes from Dec. 31, 2022. This will be supportive for the Ontario […] Read more
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