Ontario corn, soybean and wheat prices trended higher throughout November and export demand for Ontario crops is at a seasonal high. World markets have set the domestic price structure. When the lakes freeze over, basis levels in the elevator system tend to soften. In addition to export demand, corn prices have been supported by historically […] Read more
Export demand at seasonal high for Ontario crops
Pandemic continues to push wheat market; demand is peaking for corn
Klassen: Feeder market stabilizes
Cow-calf producers selling sooner than normal
Compared to last week, western Canadian feeder cattle prices traded $2-$3 on either side of unchanged. Alberta packers were buying fed cattle on a dressed basis at $275 delivered; the Alberta fed market has rallied $10-$12 over the past couple weeks. Secondly, U.S. feeder cattle prices have also rallied US$10-US$12 during the same time frame […] Read more
Record yields for Ontario row crops
Soybean and corn yields surpass pre-harvest StatsCan estimates
Ontario corn and soybean harvests are in the final stages. Harvest reports confirm record yields for row crops. Weather was more co-operative in early November, resulting in significant harvest progress. Basis levels are under pressure as the commercial pipeline is considered full. Exports for corn and soybeans have improved in recent weeks. Farmers have been […] Read more
Klassen: Feeder market making seasonal lows
Surge of Canadian cattle exports expected
Compared to last week, western Canadian feeder markets were down $2-$4 on average. Prices for feeder cattle in the eastern Prairie regions were relatively unchanged from seven days earlier; however, values in Alberta and western Saskatchewan were down $4 to as much as $8 in some cases. This variation made the market hard to define. […] Read more
Klassen: Fed cattle prices down on the week
Compared to last week, Western Canadian feeder cattle prices were down $4 to $6 on average. Sub quality feeders traded as much as $8 below week ago levels. The market was hard to define with wide price ranges on similar weight feeders within a short distance. Southern Alberta is contending with adverse pen conditions as […] Read more
Klassen: Feeder market continues downward slide
Prairies' snowstorm leads to risk discount
Compared to last week, western Canadian yearling prices were steady to $2 lower; calves traded $2-$4 below week-ago levels. Saskatchewan and Manitoba experienced their first major snowstorm of the season last week. The market tends to incorporate a risk discount for adverse weather as buyers factor in higher death loss. Also, major feedlot operators believe […] Read more
Slow harvest pace results in stronger domestic basis levels
Corn, soy markets supported by strong energy prices, tight supplies
To say Ontario fields are saturated is an understatement. During the last half of October, the region southwest of Toronto received 60 to 90 millimetres of precipitation; farmers north of Toronto received 30 to 90 mm of rain while the Ottawa region also received 60 to 90 mm. The slower than expected harvest pace in […] Read more
Klassen: Feeder market on soft slope
Compared to last week, western Canadian yearling prices were steady to $2 lower on average while calves traded steady to as much as $4 lower in certain regions; calves under 550 pounds were quoted $3-$6 below week-ago levels. Barley and wheat prices continue to percolate higher, causing a defensive sentiment amongst buyers. Southern Alberta and […] Read more
Klassen: Feeder cattle market continues on downward trend
Compared to last week, Western Canadian yearling markets dropped $2 to $4 while calf prices sank $2 to as much as $6 on average. Rising feed grain prices set a negative tone. Adverse weather also contributed to lower bids, especially in the lighter weight categories. Most auction barns had feature calf sales this past week. […] Read more
Rain slows Ontario harvest progress
Soybean yield looking strong, corn might be lower than earlier estimates
Above normal precipitation over the past few weeks has slowed harvest progress in Ontario. The region north of Toronto received 20 to 40 millimetres of precipitation during the first half of October while the southern region received 70 to as much as 110 mm. As of Oct. 19, Ontario farmers had harvested approximately 35 per […] Read more
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