MarketsFarm — Canadian chickpea prices have either stayed firm or slightly went up as the pulse runs into more than its fair share of adversity. Limited supply, reduced demand and environmental factors have all affected the long-term prospects of the crop at home and abroad, according to Colin Young of MidWest Grain in Moose Jaw. […] Read more
Tag Archives acres — page 19
Pulse weekly outlook: Adversity bolsters chickpea bids
'Other crops just pencil in better'
Feds predict three per cent increase in canola acres
Stocks nevertheless expected to tighten
MarketsFarm — Canadian farmers will seed more canola in the upcoming 2021-22 crop year, but solid demand will still cause ending stocks to tighten, according to the first new-crop supply/demand projections from Agriculture and Agri-Food Canada (AAFC), released Monday. The department forecast seeded canola area in the spring of 2021 at 21.37 million acres, up […] Read more
Feed weekly outlook: Offshore demand still lifting Prairie barley
MarketsFarm — Solid offshore demand for Canadian barley remains the key driver in the domestic feed market, keeping prices high. “It’s certainly not driven by southern Alberta, it’s driven by Vancouver and the export business,” said Allen Pirness, of Market Place Commodities in Lethbridge, on the continued strength in barley bids. Typically, arbitrage opportunities would […] Read more
Feed weekly outlook: Barley market’s eye on exports, corn prices
MarketsFarm — Strong export demand for Canadian barley and rising corn prices in the U.S. are expected to continue to keep feed prices well supported in Western Canada. “Feed grains are being squeezed by lower imports of U.S. corn into Western Canada,” analyst Chuck Penner of Leftfield Commodity Research said in a presentation Tuesday for […] Read more
Pulse weekly outlook: Yellow pea prices stronger since harvest
MarketsFarm — Yellow pea prices on the Prairies have shown strength since harvest, as they’ve seen an appreciable change in demand from India. Darwin Hamilton of Kalshea Commodities in Winnipeg said India is always looking to increase its pulse acres. But, in the event of shortages, it’s been turning to North America for yellow peas. […] Read more
Feed weekly outlook: Barley market cools ahead of New Year
More strength is still likely, however
MarketsFarm — The feed market in Western Canada may be stabilizing heading into the holiday season, but underlying fundamentals remain supportive and could lead to more strength in the New Year. While the market was holding steady in mid-December, “I think it will go back up in January/February/March,” said Mike Fleischhauer of Eagle Commodities in […] Read more
Feed weekly outlook: Export demand supports prices
MarketsFarm — Feed grain prices remain strong into the winter, due to steady feedlot demand and solid export activity. Brandon Motz of CorNine Commodities at Lacombe, Alta. said feedlots have freed up some pen space after COVID-19 shutdowns created backlogs, but demand remained steady. “There’s more pen space in southern Alberta, compared to other years,” […] Read more
U.S. farmers seed more winter wheat as grain prices rally
Chicago | Reuters — U.S. farmers expanded seedings of winter wheat this autumn for the first time in eight years as strong demand and dry weather in several producing countries fuels higher prices for the grain, farmers and analysts said. Winter wheat, seeded in the Northern Hemisphere in autumn for harvest in June, is the […] Read more
USDA sees more soy and wheat plantings, less corn for 2021-22
Chicago | Reuters — U.S. farmers are likely to expand plantings of soybeans and wheat while slightly reducing plantings of corn for the upcoming marketing year, the U.S. Agriculture Department said on Friday. USDA forecast that farmers will seed 90 million acres of corn in the 2021-22 crop year, down from 91.0 million for 2020-21. […] Read more
Pulse weekly outlook: Manitoba’s edible beans come off in good shape
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
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