Reading Time: 2 minutes MarketsFarm — Increased worldwide demand for wheat and precipitation across the Prairies have resulted in mixed spring wheat bids for the week ended Thursday. Scattered showers across wheat-growing areas in Western Canada, as well as the ongoing spring wheat harvest, have brought downward pressure on the markets. The rising Canadian dollar also served to lower […] Read more
Prairie cash wheat: Spring wheat bids mixed, durum jumps
U.S. December wheat futures down on week
Feed weekly outlook: Crop estimates show severity of drought
'Corn bandwagon' filling up
Reading Time: 2 minutes MarketsFarm — Preliminary crop yield estimates released by Statistics Canada on Monday outlined just how severely the drought in Western Canada cut into production. Mike Fleischhauer, general manager for Eagle Commodities at Lethbridge, Alta., was not at all surprised by the numbers. “I think we knew that was happening all along,” he said. “There are […] Read more
CBOT weekly outlook: Soybeans, corn looking past hurricane
Reading Time: 2 minutes MarketsFarm — Hurricane Ida has wreaked havoc on the U.S. Gulf Coast, pressuring Chicago Board of Trade soybean and corn futures as exports face disruptions — but the market is reacting more to what’s coming next than what has already happened, an analyst says. “I don’t know what the ramifications, if any, are for the […] Read more
Feed weekly outlook: New crop expected to stabilize feed prices
Drought will drag Prairies' yields much lower
Reading Time: < 1 minute MarketsFarm — New crop is starting to make its way into feed grain bins as the annual harvest gets underway in Alberta. However, due to the drought conditions which have enveloped Western Canada, yields will be much lower than normal. “(The yields are) generally lower than expected and (there’s been) some disappointment,” said Allen Pirness, […] Read more
CBOT weekly outlook: Focus shifts away from USDA supply, demand estimates
Reading Time: 2 minutes MarketsFarm — Nearly a week after the U.S. Department of Agriculture’s (USDA) Aug. 12 release of its monthly supply and demand estimates, they still lingered in the minds of traders at the Chicago Board of Trade (CBOT). “Corn at $5.65 (per bushel), that’s where it’s trading right now, that is the fair market value for […] Read more
Pulse weekly outlook: Pulse trade with India strong, but flawed
Reading Time: 2 minutes MarketsFarm — India remains as the largest international buyer of Canadian lentils, despite factors affecting trade between the two countries. While Western Canada deals with drought conditions which have likely lowered this year’s lentil crop, the Indian government’s restrictions on imports have threatened to hinder Canadian exports. “Despite tariffs and technical measures in place that […] Read more
Alberta reckons with poor quality, low crop yields
Reading Time: 2 minutes MarketsFarm – Crops in Alberta will not only have much lower yields than in previous years, but good quality crops will be harder to find. Provincial crop condition ratings declined over the past two weeks, according to the Province of Alberta’s biweekly crop report as of Aug. 10, which was released three days later. Only […] Read more
Sask. Crop Report: Half of winter wheat, fall rye crops harvested
Reading Time: 2 minutes MarketsFarm – While a few scattered showers across Saskatchewan delayed some of the harvest, the hot and dry weather has allowed farmers to make more progress than last year. Seven per cent of the province’s crop has been combined and six per cent is ready to straight combine, according to the Province of Saskatchewan’s weekly […] Read more
Feed weekly outlook: Prices to decline in September
Reading Time: < 1 minute MarketsFarm – As the harvest approaches, the yield potential for feed grains in Alberta may depend on where they are grown, according to Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta. “From what I hear, it’s going to be a bit lower (than average), (but) I think it’s going to be a […] Read more
Pulse weekly outlook: Harvesting begins for Alberta pulses
Reading Time: 2 minutes MarketsFarm – After a hot and dry summer which scorched all of Western Canada, pulses are ready to come off the fields in Alberta. “The south is going pretty strong. South of Calgary is already pretty much done on peas. Quite a bit of lentils would be done already, too,” said Alberta Pulse Growers chair […] Read more
A message from April Stewart, Country Guide's Associate Editor
