Ontario corn and soybean planting progress is running seven to 14 days behind normal. A later planting period generally results in lower yields. Winter wheat is rated 70 per cent good to excellent. Quick lookSoybeans:U.S. planting progress is lagging the five-year average, resulting in lower yield forecasts. Brazil continues to dominate the world market for soybeans […] Read more
Latest USDA report bullish for corn
Lower than expected yields could occur due to late planting, insect pressure
Klassen: Demand for grass cattle pushes feeder market higher
In the week ending May 25, Western Canadian feeder cattle markets were trading $4 to $8 higher compared to seven days earlier. Some higher quality genetic packages of 700-pound plus cattle were up as much as $10 from week-ago levels.
Klassen: Demand for grass cattle pushes feeder market higher
For the week ending May 18, Western Canadian yearling markets were trading $3 to $5 higher compared to seven days earlier. Calf prices were relatively unchanged compared to the prior week. The feeder market appears to be consolidating near historical highs.
Klassen: Feeder cattle market takes defensive tone
It’s that time of year when available supplies start to decline. At the same time, demand is limited. Most backgrounding operators have sufficient numbers and demand for grassers is waning. Ontario interest was noted in Manitoba and Eastern Saskatchewan, which appeared to sustain prices near last week’s levels.
North American soybean prices soften
The U.S. will need to carry the world in corn until late June and July
This month, traders will be focused on the U.S. planting pace and North American weather. Last month, a large portion of Ontario received over 150 per cent of normal precipitation. Quick lookSoybeans: Argentina will dominate the soymeal and soyoil market over the next month as harvest nears 20 per cent complete. Brazil’s soybean export offers […] Read more
Klassen: Feeder cattle experience weather market
For the week ending May 4, Western Canadian feeder cattle prices were quite variable and the market was hard to define. Alberta and certain regions of Saskatchewan received snow, which caused the market to trade $3 to $5 lower. However, in Eastern Saskatchewan and Manitoba, feeder cattle prices were steady to $3 higher.
Klassen: Stronger fed market underpins feeder complex
For the week ending April 27, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier.
Latest USDA report supportive for corn; neutral to bearish for soybeans, wheat
Geopolitical risks, weather issues may create volatile grain and oilseeds markets this summer
Recent weather suggests Ontario planting will occur in line with the five-year average or slightly later. A later planted crop tends to result in lower yields. Quick lookSoybeans: Ontario soybean production is expected to reach 4.031 million tonnes.Corn: Leafhopper damage has lowered Argentine yield forecasts.Wheat: European production will be lower and there are quality concerns. […] Read more
Klassen: Feeder market recovers from weather discount
Compared to last week, backgrounded yearlings traded $4-$8/cwt higher on average. Calves were quite variable with prices quoted from unchanged to as much as $10 higher. Overall, there appeared to be stronger buying interest this week across all weight categories.
Klassen: Adverse weather weighs on Western Canadian feeder market
Southern Alberta has received over 200 percent of normal precipitation over the past 30 days. Pen conditions are rated poor to very poor in the main feeding pockets of Alberta. Saskatchewan and Manitoba have received less than 40 per cent of normal while Central Alberta has normal to below normal precipitation.
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