MarketsFarm — The feed barley market remains strong despite the influx of freshly harvested supplies, with little competition from other feed sources. “The markets have been coming up steadily, with what feels like no harvest pressure,” said Suzanne Leclerc, owner of Market Master Ltd. in Edmonton. “People were hoping the market would get lower and […] Read more
Tag Archives markets — page 73
Feed weekly outlook: Prairie barley market still strong
Availability of trucks remains an issue
Smithfield Foods to pay US$75 million in pork price-fixing settlement
Follows similar settlement by JBS
Reuters — Smithfield Foods has agreed to pay US$75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. A preliminary settlement in the antitrust case was filed on Tuesday night with the federal court […] Read more
ICE weekly outlook: Canola shouldn’t fall hard
Loonie keeping oilseed off sharper decline
MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil. […] Read more
Feed weekly outlook: Good grain yields seen in Saskatchewan, Manitoba
MarketsFarm — Despite delays in the ongoing barley and wheat harvests across the eastern Prairies, early indications have suggested healthy amounts of grain production. “Eastern Saskatchewan and Manitoba still have a bit of harvest to go, but generally the yields are good,” Glen Loyns, general manager of JGL Commodities at Moose Jaw, Sask., said. “Quality […] Read more
CBOT weekly outlook: War chatter part of market chaos
Stronger U.S. dollar weighs on futures
MarketsFarm — With the daily talk about Russia’s invasion of Ukraine, Scott Capinegro, president of Barrington Commodities at Barrington, Ill., has a special term for its effects on the Chicago Board of Trade (CBOT). “I call it the Putin rally,” he quipped, referring to Russian President Vladimir Putin, but lamenting the chaos the seven-month-old war […] Read more
Feed weekly outlook: Prairie grain bids see surprising harvest strength
MarketsFarm — Feed grain bids in Western Canada have shown some strength in recent weeks, despite the advancing harvest. “We’ve been seeing a rally through harvest, which is an odd thing,” grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta. said. He tied the unseasonable strength to solid demand and a lack of significant […] Read more
ICE weekly outlook: Canola futures continue trending lower
MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in […] Read more
Pulse weekly outlook: Seasonal harvest pressure weighs on Prairie pea bids
MarketsFarm — Pea bids in Western Canada have come under some pressure over the past few weeks, as harvest of the crop nears completion. However, country movement remains light, as producers concentrate on bringing in their remaining grain and oilseed crops. “They want to get done harvest before they worry about (pricing),” said grain broker […] Read more
ICE weekly outlook: Canola trending lower
November down below $800
MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and could be due for more weakness as seasonal harvest pressure picks up over the next few weeks. “That $800 level has been a very important price support point,” said David Derwin, commodities investment advisor with PI Financial in Winnipeg, pointing to […] Read more
Feed weekly outlook: Grain prices start moving upward
New-crop barley already en route to feedlots
MarketsFarm — Hot temperatures and a lack of precipitation in recent days are helping Alberta growers make significant progress, according to Lethbridge-based Market Place Commodities’ president Jim Beusekom. “In southern Alberta, (the harvest) is doing just fine,” he said. “We had some rain last week. Some (had) more, some less. Last week limited how much […] Read more
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