Reading Time: 2 minutes MarketsFarm — The ongoing standoff between Russia and the West over Ukraine, along with speculation regarding key interest rates from the U.S. Federal Reserve, were two major factors on the Chicago Board of Trade (CBOT) during the week ended Wednesday. The potential for a possible Russian invasion of Ukraine had caused a sharp hike in […] Read more
CBOT weekly outlook: Potential for conflict, interest rate hikes affects prices
CBOT weekly outlook: Prices up on hot weather, growing tensions
Reading Time: 2 minutes MarketsFarm — Soybean, corn and wheat futures at the Chicago Board of Trade were all showing some strength Wednesday, recovering from losses posted over the previous week. South American weather concerns and broader geopolitical tensions countered any bearish influence from the latest supply/demand estimates from the U.S. Department of Agriculture. South America recently received much-needed […] Read more
Prairie cash wheat: Stronger crop prospects, loonie lower bids
MGEX, K.C. wheat down on week
Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture’s projected increases for domestic and worldwide wheat ending stocks, along with a strengthening Canadian dollar, brought pressure onto western Canadian wheat bids for the week ended Thursday. In its monthly world agricultural supply and demand estimates (WASDE) report on Wednesday, USDA showed a projected 1.78 million-tonne rise in […] Read more
Feed weekly outlook: Alberta bids see slight gains
Reading Time: 1 minute MarketsFarm — Alberta feedlots are only buying feed barley and wheat on a hand-to-mouth basis as demand remains unchanged, according to a local trader. “A lot of the feedlots we work with are buying what they needed and getting covered,” said Agfinity Inc. senior trader Erin Harakal from Stony Plain, Alta. High-delivered bids are $12.93 […] Read more
Pulse weekly outlook: Chickpea prices reverse direction
Markets correcting lower, buyer says
Reading Time: 2 minutes MarketsFarm — The chickpea market in Western Canada is undergoing a correction, according to the manager of a pulse buying and processing company in Saskatchewan. With the exception of Desi chickpeas, all varieties of the pulse have seen prices go down two to five cents per pound over the past month, according to Prairie Ag […] Read more
La Niña introduces itself with Prairie cold snap
Reading Time: 2 minutes MarketsFarm — The frigid conditions which had enveloped the Prairie provinces in recent weeks is a sign La Niña has come again, according to a Kansas-based meteorologist. Since mid-December, the Prairies have been in a deep freeze beginning with temperatures at least 10 C below-normal. Since the holiday season, many towns and cities in the […] Read more
Feed weekly outlook: Feedlots, elevators filled with corn
Reading Time: 2 minutes MarketsFarm — As 2022 begins, feed grain markets in Alberta have been “status quo,” according to a grain buyer. “There’s a lot of grain that has been pre-contracted in terms of corn coming in from the United States,” said Brandon Motz of CorNine Commodities at Lacombe, Alta. “Lots of priority has been towards execution, making […] Read more
Pulse weekly outlook: Peas, lentils may see slight movement
Reading Time: < 1 minute MarketsFarm — As the calendar changed to 2022, there was not much movement on pulse markets — but they weren’t entirely static, according to a Saskatchewan-based broker. “Yellow and green peas have been moving (lately), but as far as lentils and others, no,” said Dale McManus, broker for Johnston’s Grain at Welwyn, Sask. He attributed […] Read more
Feed weekly outlook: Corn is king at feedlots to end 2021
Reading Time: 2 minutes MarketsFarm — As the holidays approach and 2021 comes to a close, there was little trading activity on feed grain markets, according to Allen Pirness, senior trader at Market Place Commodities in Lethbridge. “The offers are still quite a bit higher than the bids. But there hasn’t been a lot of appetite right at the […] Read more
CBOT weekly outlook: Corn up, but highs may not last
Reading Time: < 1 minute MarketsFarm — Corn, wheat and soybeans were all trading on a positive note at the Chicago Board of Trade (CBOT) just days before the winter holidays. According to Scott Capinegro, a broker for Barrington Commodity Brokers at Lake Barrington, Ill., a greater appetite for risk by investors and inclement weather have both supported the markets. […] Read more
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