Ontario corn, soybean and wheat prices are relatively unchanged from mid-March. Farmer selling tends to subside during late March and April as producers prepare for spring planting. Export demand for corn has improved over the past two weeks. We expect a minor rally in domestic corn prices through April as offshore movement increases. Soybean prices […] Read more
Black Sea Grain Initiative extended
Wheat market unlikely to see another rally as Russian and Ukrainian wheat continues to move
Klassen: Feeder market eyes feed grain complex
Downside expected in new-crop barley prices
Compared to last week, western Canadian feeder cattle markets traded steady to $2 higher on average. Alberta packers were buying fed cattle on a dressed basis in the range of $353-$357/cwt delivered last week, up from the average price of $348/cwt delivered seven days earlier. Strength in the fed cattle market continues to support the […] Read more
Klassen: Stronger fed cattle market pulls feeders upward
Feedlots becoming more current with production
Compared to last week, western Canadian yearling and calf markets were quoted steady to $5 higher on average. Strength was noted in southern Alberta. In the Lethbridge area, prices for lighter flesh replacements were up as much as $10 from seven days earlier. Larger supplies of backgrounded cattle are coming on the market at this […] Read more
China supports extension of Black Sea Grain Initiative
Support document has calmed traders’ concerns and market uncertainty regarding corn and wheat exports from Black Sea ports, for now
Ontario cash corn prices dropped nearly 50 cents per bushel, on average, between Feb. 21 and March 7, while soft red winter wheat values fell by approximately 75 cents per bushel. Cereal grains have come under pressure due to a lack of export demand. Ethanol processors and cattle feeders appear to have sufficient corn coverage […] Read more
Klassen: Feeder market scaling fresh heights
Heifer retention expected in U.S. this spring
Compared to last week, western Canadian yearling markets traded $5 to as much as $10 higher. Replacements in the 650- to 800-lb. category were up $6-$12; calves under 650 lbs. were relatively unchanged although volumes were limited. Lightweight calves were hard to come by last week. Weather may have been a factor. Many factors contributed […] Read more
Klassen: Feeder market continues the climb
Statistics show tightening supplies in Canada, U.S.
Compared to last week, western Canadian feeder markets yearling markets traded $2-$5 higher. Replacements in the 700- to 800-lb. weight category appeared to jump $5 to as much as $15 in some cases. Calves weighing 500-700 lbs. were unchanged to $4 higher on average after rallying nearly $20 over the past month. There were limited […] Read more
Brazil could harvest record soybean crop
Large anticipated South American crop causing discount in North American new crop prices
Ontario corn prices have been relatively flat since the end of harvest. Commercial ownership of corn is considered burdensome at this time. Ontario corn demand surges in the latter half of the crop year which should result in stronger basis levels. Ontario soybean prices are trading near seven-month highs. Domestic crush margins have been enhanced […] Read more
Klassen: Calves jump on corn outlook
Softer barley values underpin yearling market
Compared to last week, western Canadian feeder cattle markets traded $5 to as much as $12 above week-ago levels. Alberta packers were buying fed cattle on a dressed basis in the range of $332-$335 delivered, up $5-$8 from last week. Stronger fed cattle prices and softer barley values underpinned the yearling market. Buyers were finicky […] Read more
Klassen: Feeder market stabilizes after recent climb
Calf prices in Manitoba show premium over Alberta
Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Replacements weighing 650-800 lbs. appeared to traded steady to $4 higher while calves under 650 lbs. were steady to $4 lower. The cost per pound gain is reaching unprecedented levels and fleshier cattle were discounted quite severely in some cases. […] Read more
China giving the U.S. the cold shoulder on corn
Political tensions between China and the U.S. and between Russia and the Ukraine continue to disrupt markets
Ontario corn prices appear to be consolidating. Export demand for Ontario has been minimal over the past month; therefore, the domestic prices have been based on local feed values. Ethanol producers appear to have sufficient coverage for nearby positions. Soybean exports continue to exceed expectations while demand from the domestic crush was driven by stronger […] Read more
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