MarketsFarm — A seemingly never-ending harvest across the Prairies has been responsible for a $10-$15 per tonne jump this month in feed grain prices, said Glen Loyns, general manager of JGL Commodities in Moose Jaw. “It’s probably gone up $5 this week,” Loyns said. This year’s extended harvest, coupled with large amounts of grain to […] Read more
Tag Archives grain prices — page 2
Feed weekly outlook: Prolonged Prairie harvest pushes up grain prices
Feed weekly outlook: Grains strong despite recent Prairie rain
MarketsFarm — Feed grain prices remained strong during week ended Thursday, despite welcome rains in central Saskatchewan. A combination of dry weather in the Prairies and flood conditions in the U.S. Midwest caused feed grain prices to increase earlier in the spring. Though the Prairies have received a bit of moisture over the past week, […] Read more
Feed weekly outlook: Low ending stocks supportive
With some of the lowest ending stocks in more than a generation, feed grain prices are doing quite well in Western Canada, said Ed Baldwin of AgChieve Grain Marketing in Winnipeg. Baldwin, AgChieve’s manager of advisory services, said Canada has its lowest ending stocks for feed grains in the last 35 years. On the world […] Read more
Cargill posts net profit on special gains; revenue down
Reuters — Global commodity trader Cargill on Wednesday said it turned in a quarterly net profit, boosted by special gains that offset poor results from trading and oilseed processing. Revenue for the privately held company declined for the eighth straight quarter. Minnesota-based Cargill reported net income of $15 million for the fourth quarter ended May […] Read more
Lower feed costs weigh on supply-managed goods
CNS Canada –– Relatively soft feed grain prices over the past year mean producers of supply-managed commodities, such as milk and eggs, have also received lower prices for their products. Such is the interpretation of industry participants accounting for declines in the latest Farm Price Index data released by Statistics Canada. The livestock and animal […] Read more
Cargill profit surges as lower grain prices spur demand
Reuters — Replenished grain supplies following a bumper North American harvest bolstered global commodities trader Cargill’s bottom line in its latest quarter as lower prices lifted demand for crops and padded margins on meat sales. Privately-held Cargill, based in Minnesota, reported net earnings of $784 million for the second quarter ended Nov. 30, up 41 […] Read more
U.S. grains: Corn, soybeans and wheat up on spillover from soymeal
Chicago / Reuters – U.S. soymeal surged 7 per cent on Wednesday, increasing this week’s gains to the largest in six years as a slow start to a record soybean harvest coupled with slow traffic on the nation’s railroads forced crushing plants to cover short cash positions in the futures market. Soybeans jumped nearly 3 per cent and corn […] Read more
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