Reading Time: < 1 minute MarketsFarm — While Chicago wheat is hitting new contract highs, soybeans are the standout commodity on the Chicago Board of Trade (CBOT), according to one trader. Over the weekend, there were rumblings that China had purchased five cargoes worth of soybeans earlier in the week. Three nights later, that number had grown, which caused soybean […] Read more
CBOT weekly outlook: Soybean purchases steal wheat’s thunder
Grain flow uncertain as floods halt B.C. rail, road traffic
Reading Time: 2 minutes MarketsFarm — It’s too early yet to determine the effect of massive floods in British Columbia’s Lower Mainland on grain movement, according to the company monitoring Canada’s grain handling and transportation system. Up to 200 millimetres of rain earlier this week have triggered mudslides and cut access to rail lines and highways east of Vancouver. […] Read more
Prairie cash wheat: Bids jump after USDA projects cuts
Reading Time: 2 minutes MarketsFarm — A larger-than-expected cut in the U.S. Department of Agriculture’s (USDA) latest supply and demand forecast, plus rising wheat futures in anticipation of tighter worldwide supply, led to higher bids for western Canadian wheat for the week ended Thursday. USDA on Tuesday trimmed world wheat ending stocks to 275.8 million tonnes, down 1.38 million […] Read more
Pulse weekly outlook: Manitoba dry beans dip in yields, prices
Reading Time: 2 minutes MarketsFarm — This year’s dry bean harvest in Manitoba has only produced about two-thirds of an average annual yield, according to the province’s expert on pulses. Dennis Lange, pulse specialist for the Manitoba government at Altona, said all but a few acres have come off the fields. Due to drought conditions this summer, however, the […] Read more
Mustard supply crunch fuels price spikes
Reading Time: 2 minutes MarketsFarm – As the world’s largest producer of mustard, a sharp decline in Canadian production has already made a major impact on supply and prices. Despite an increase in seeded acres, Canada’s mustard production dropped 28 per cent to 71,000 tonnes for the 2021-22 marketing year, according to Statistics Canada’s September crop report. Of the […] Read more
Feed weekly outlook: U.S. corn filling Canadian feed shortages
Reading Time: < 1 minute MarketsFarm – As winter approaches, corn is making up a greater appearance in feed channels, supplanting barley and wheat in the process. “In Western Canada, the yields were significantly lower than average. So we’re importing a lot of feed into Western Canada, mostly corn and corn with DDGs (dried distillers’ grains),” said Allen Pirness, manager […] Read more
Pulse weekly outlook: Winter price movement awaits chickpeas after harvest
Reading Time: 2 minutes MarketsFarm – Just like nearly all crops in Western Canada, chickpeas were not immune to drought conditions causing reduced yields. Approximately 64,000 tonnes of chickpeas were grown across the country for the 2021-22 marketing year, compared to the 214,000 tonnes grown in the previous year, according to last month’s production report from Agriculture and Agri-Food […] Read more
CBOT weekly outlook: Potential U.S.-China trade deal moving markets
Reading Time: 2 minutes Speculation regarding a potential trade deal between the United States and China is sparking movement on the Chicago Board of Trade (CBoT). Ryan Ettner, broker for Allendale Inc. in McHenry, Ill., said there was optimism on the markets last week when trade representatives from both nations restarted talks. With the countries’ current deal expiring at […] Read more
Rains make sunny days for sunflower crops
Reading Time: 2 minutes MarketsFarm — Despite drought conditions throughout southern Manitoba decimating crops during the summer, late rain showers in some areas are improving harvests of one crop in particular. Precipitation in August helped improve the sunflower seed harvest in areas of Manitoba, with the province reporting on Oct. 13 average yields of more than 2,000 lbs. per […] Read more
Pulse weekly outlook: Yellow peas selling at a premium
Local fractionation markets competitive
Reading Time: 2 minutes MarketsFarm –– Last summer’s lacklustre pea harvest in Western Canada has helped raise prices, but none more so than those of yellow peas. Yellow peas were trading at a high-delivered bid of $17.50 per bushel, according to Prairie Ag Hotwire data from Monday, up $1.50 from the same time last month and $9.50 from the […] Read more
A message from April Stewart, Country Guide's Associate Editor
