MarketsFarm — A strong U.S. dollar and China’s prolonged battle with African swine fever have turned Chicago Board of Trade markets largely bearish. “We’re seeing a slew of positive [economic] news out of the U.S., and a rallying dollar that has been strong for four out of five sessions,” said Terry Reilly, a grains analyst […] Read more
CBOT weekly outlook: Currency, swine fever weigh on prices
Pulse weekly outlook: Fababean acres set to increase
MarketsFarm — Unpredictable weather overseas resulted in robust fababean prices during 2018’s harvest, and Canadian producers expect these prices to hold throughout the 2019 growing season. “For the growers that managed to get fababeans off their field, I think they were probably quite happy with the markets in 2018,” said Leanne Fischbuch, president of Alberta […] Read more
Feed weekly outlook: Barley acreage buoyed despite current prices
MarketsFarm — International demand for Canadian feed barley has been strong thanks to a 2018 growing season drought in Australia that limited exportable supplies. China purchased nearly 950,000 tonnes of Canadian barley in the first seven months of the 2018-19 year, significantly above the five-year average. However, feed markets in general are quite sluggish ahead […] Read more
Prairies can expect unexpected from El Nino this summer
MarketsFarm — The U.S. National Weather Service Climate Prediction Center on Thursday reported a 65 per cent chance of El Nino prevailing throughout 2019’s growing season. “A weak El Nino is likely to continue through the Northern Hemisphere summer 2019 (65 per cent chance) and possibly fall (50-55 per cent chance),” the CPC’s report said. […] Read more
CBOT weekly outlook: Markets brace for weather, trade war
MarketsFarm — With the U.S. Department of Agriculture’s world agriculture supply and demand estimates (WASDE) report in the rearview mirror, the Chicago Board of Trade is trading largely on weather forecasts and flood reports. Markets did react, however, when the WASDE report dropped on Tuesday. “We did see some short covering in the market yesterday […] Read more
Pulse weekly outlook: Yellow, green pea prices vary ahead of seeding
MarketsFarm — India’s tariffs on Canadian pulses hit green and yellow peas particularly hard over the past year — and the market is still hurting as producers plan acres for 2019. Since yellow pea exports dropped significantly in the middle of the year, “there’s going to be a lot of carryover in yellow peas for […] Read more
Lower prices, relative profitability tug at chickpea acres
MarketsFarm — Since chickpea prices fell rapidly during last year’s harvest, the jury is out as to what the chickpea market holds this year. “Acres are going to be down this year because the price isn’t what it was a year ago,” said Melody Ector, president of Diefenbaker Spice and Pulse at Elbow, Sask. Prices […] Read more
Feed weekly outlook: Corn acreage predicted to be flat
MarketsFarm — Experts predict corn acreage will be flat in Western Canada in 2019. While flooding remains a concern to many this spring, years of dry summers have impacted soil conditions to the point where a wet spring may be a welcome reprieve. “I’m more concerned about how much moisture we will have gained because […] Read more
Soybean acreage remains a question mark for 2019
MarketsFarm — Experts expect soybean acreage to decrease across Canada this year, though the jury is still out as to how much it will drop. In its principal crop acreage report published March 21, Agriculture and Agri-Food Canada predicted that area planted to soybeans would decrease by three per cent across the country based on […] Read more
Pulse weekly outlook: Attractive lentil prices may boost acres
MarketsFarm — As prices for both red and green lentils stay firm, experts have predicted lentil acreage across Canada to increase for the 2019 growing season. Carryover from past crops has been negligible in previous years, and what had been produced was quickly sold throughout the year. “This helps farmers’ confidence,” said Tanvir Zaidi, CEO […] Read more
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