Reading Time: < 1 minute MarketsFarm — Canadian wheat ending stocks for the current 2020-21 marketing year are forecast to be larger than earlier expectations, according updated supply/demand estimates Thursday from Agriculture and Agri-Food Canada. All-wheat ending stocks for 2020-21 are now forecast at 6.3 million tonnes, which compares with the September estimate of 5.9 million. The total wheat carryout […] Read more
Author Archives
Canada’s wheat ending stocks projections raised
Fund traders grow long positions in canola, U.S. futures
Reading Time: < 1 minute MarketsFarm — Fund traders were on the buy side in grain and oilseed markets during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 56,705 […] Read more
Pulse weekly outlook: Manitoba’s edible beans come off in good shape
Reading Time: < 1 minute MarketsFarm — Manitoba’s edible bean harvest wrapped up in much easier fashion in 2020 compared to the snow delays of the previous year, with relatively good quality and yields, according to early indications. “When you don’t get a major snowstorm on Thanksgiving weekend, it makes a difference,” said Manitoba Agriculture pulse specialist Dennis Lange, noting […] Read more
Feed weekly outlook: Demand keeps Canadian barley well supported
Reading Time: < 1 minute MarketsFarm — Solid demand continues to keep feed barley bids in Western Canada well supported, as end-users work to secure supplies in anticipation of tightening stocks going forward. “Competition for barley is coming from every which direction: grain companies exporting barley, feedlots trying to cover barley, and grain companies trying to cover feedlots,” said Jim […] Read more
CBOT weekly outlook: Soy, corn could retest highs
Wheat now 'doing its own thing'
Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade backed away from nearby highs over the past week, but could be poised to retest those levels as the underlying fundamentals remain supportive. “I think we’ll need another headline of sorts, whether it be a weather or sales numbers (headline), to push corn […] Read more
ICE weekly outlook: ‘Demand-pull’ environment supports canola
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro. […] Read more
Funds still holding large net long position in canola
Reading Time: < 1 minute MarketsFarm — Funds’ net long position in canola remained large during the week ended Tuesday, with only small adjustments in the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were holding a net long position in ICE Futures canola of 56,913 contracts […] Read more
Feed weekly outlook: Bids hold firm in West
Reading Time: < 1 minute MarketsFarm — Feed grain bids in Western Canada remain firm at the beginning of October, with a lack of significant farmer selling keeping the market underpinned as harvest wraps up across the Prairies. The barley harvest is mostly complete across the Prairies, but total yields and production remain to be seen. “The market is still […] Read more
Pulse weekly outlook: Peas, lentils see some strength
Lentil trade watching India
Reading Time: < 1 minute MarketsFarm — Canadian pea and lentil markets have shown some post-harvest strength in recent weeks, with good offshore demand providing support. “On the yellow pea side, it’s China, and on lentils, it’s basically India,” Marcos Mosnaim, of Globeways Canada, said of the strength in both markets. Yellow peas are currently trading as high as $7.50 […] Read more
Prairie cash wheat: Bids mixed, reacting to futures and loonie
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by support from a weakening Canadian dollar. The currency lost roughly a full cent during the week. Average Canada Western Red Spring (13.5 per cent protein) wheat prices were steady to down $2 […] Read more
Farmtario is committed to providing information that matters to farmers in Ontario. Backed by leading and experienced farm journalists and content creators, Farmtario is a new source of insights for farming in Ontario including news, crop and livestock production, markets and ag tech. Receive your free eNewsletter today!