MarketsFarm — Bids for western Canadian wheat were down all around for the week ended Thursday, with Canada Prairie Spring Red (CPSR) wheat having the largest losses. U.S. wheat futures were lower as export sales continued to be weak. For the week of Nov. 3-9, 176,300 tonnes were sold for export, down 50 per cent […] Read more
Tag Archives alberta — page 25
Prairie cash wheat: Bids ease off
U.S. wheat futures turn lower
Prairie forecast: One more shot of warm weather?
Issued Nov. 14, covering Nov. 15 to 18
It looks like the well above average temperatures that flooded across the prairies over the last week or so will be coming to an end, at least eventually. The good news is that it doesn't look like it will be an abrupt end with well below average temperatures moving in.
Klassen: Cash feeder prices soften on futures market uncertainty
Supplies are higher than expected as consumers reign in spending
The live and feeder cattle futures appear to be incorporating a risk discount due to the uncertainty in demand. Consumers are pulling in the reigns on spending. Interest rates are at 40 year highs and inflation remains elevated. Larger supplies and lower demand results in lower prices.
Prairie cash wheat: Bids up in early November
U.S. wheat futures up on week
MarketsFarm –– Spring wheat bids in Western Canada moved higher during the week ended Thursday, as gains in U.S. futures provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were up by $8.80-$10.10 per tonne across the Prairies, according to price quotes from a cross-section of delivery points compiled by PDQ […] Read more
Prairie Forecast: False start to winter as mild air returns
Issued Nov. 7, covering Nov. 8 to 15
It looks more and more as though our late-October cold snap and snowy conditions were indeed a false start to winter. In the last forecast I mentioned the really cold air looks to be bottled up well to our north, and it was and will be for the next week or two. You can get […] Read more
Klassen: Buyers contemplate feeder market prices
In adverse weather, sale results vary
Compared to last week, western Canadian yearling markets traded $3-$5/cwt lower on average although limited numbers made the market hard to define. Calf markets traded $4-$8/cwt on either side of unchanged. It appeared that 700-plus-lb. calves were up $4 to as much as $8. The variation in the price structure was due to the adverse […] Read more
Prairie cash wheat: Weaker U.S. values pull down Canadian prices
Lower export sales drag on U.S. wheat
MarketsFarm — Wheat prices across the Canadian Prairies fell back during the week ended Nov. 2, with losses in Canada Western Red Spring and Canada Prairie Spring Red wheats, while those for Canada Western Amber Durum were mostly lower. The U.S. wheat complex lost ground during the week, due in part to lacklustre export sales. […] Read more
Feed weekly outlook: Prices to continue slipping back
Feedlots covered for now
MarketsFarm — Feed prices are set continue grinding lower for the balance of 2023, “as domestic end users are covered,” according to Jim Beusekom, president of Market Place Commodities in Lethbridge. Beusekom pointed to the amount of contracted corn being imported from the United States as well as better-than-expected yields across the Prairies this harvest. […] Read more
Prairie Forecast: Nice, quiet early-winter weather
Issued Nov. 1, covering Nov. 1 to 8
Interesting weather pattern setting up across the Prairies during this forecast period. Well, maybe “interesting” isn’t the right word; “boring” might be a better one. What I mean by “interesting” is just how quickly we swung from a warm fall pattern to a cool winter pattern. Low temperatures across the Prairies over the last week […] Read more
Long-range outlook points to warmer winter
Odds less likely for Prairies next three months
MarketsFarm — Warmer than normal temperatures are expected across nearly all of Canada this winter, with average precipitation for most of the agricultural areas of the Prairies. The latest long-range seasonal forecast from Environment Canada, released Tuesday, calls for a 40 per cent chance of above-normal temperatures from November through January across most of Alberta, […] Read more
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