Reading Time: 2 minutes MarketsFarm — Higher-than-normal temperatures and continued demand for feed have caused prices for Alberta feed barley and feed wheat to increase over the past few weeks. However, that demand has pulled back somewhat. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for Alberta feed barley were at $7.84 per bushel, 48 cents higher […] Read more
Feed weekly outlook: Alberta feed prices rising
Pulse weekly outlook: Saskatchewan crops fight off record heat
Reading Time: 2 minutes MarketsFarm — The “heat dome” which enveloped Western Canada last week delivered a blow to Saskatchewan’s pulse crops. Thirty-four temperature records were shattered on Friday, including those at Regina, Prince Albert, Swift Current, Weyburn and Yorkton. Saskatoon and Lucky Lake, northeast of Swift Current, were the province’s hot spots that day at 40 C. Nine […] Read more
ICE weekly outlook: Volatility to come for canola market
'Tighten up your seatbelt'
Reading Time: < 1 minute MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more
Pulse weekly outlook: StatsCan acres see little change
Reading Time: 2 minutes MarketsFarm — Canadian pea and lentil acres only saw slight adjustments in the latest acreage estimates Tuesday from Statistics Canada, with little market news to draw in extra area since the previous report in April. “When you see all the hard commodities, their prices are fantastic. That’s the main reason why growers switch,” said Marcos […] Read more
Prolonged heat wave breaks Canadian temperature records
Reading Time: 2 minutes MarketsFarm — An extreme heat wave affecting all four western provinces, the shores of the Mackenzie River in the Northwest Territories as well as Watson Lake, Yukon, is expected to persist for a week. The “heat dome,” a high-pressure system trapping warmer air, has affected British Columbia the most. The village of Lytton, about 160 […] Read more
Canola, wheat acres in opposite trends before StatsCan report
'Every commodity was offering options that were profitable'
Reading Time: 2 minutes MarketsFarm — Just days prior to Statistics Canada issuing its latest survey-based crop acreage report on Tuesday next week, analysts are estimating a rise in canola acres at the expense of wheat. “Coming through the winter and towards spring seeding, we were looking at canola prices that were at their highest levels of all time,” […] Read more
Feed weekly outlook: New-crop prices to rise
Reading Time: < 1 minute MarketsFarm — Well covered with grain for now, feedlots are beginning to set their sights on the new crop. Drought conditions on the Prairies and the U.S. northern Plains are causing new-crop feed wheat and feed barley prices to go up, according to a Saskatchewan-based trader. “Demand for old crop (is) dwindling and the focus […] Read more
ICE weekly outlook: Weather, carryout support canola
Reading Time: 2 minutes MarketsFarm — As higher-than-normal temperatures become almost a weekly occurrence in Western Canada amidst tightening carryout stocks, canola seems primed for another extended rally. Despite rains in Western Canada over the past three weeks, providing some relief for canola crops and triggering fund liquidation on the markets, carryout remains very low, with warmer temperatures exacerbating […] Read more
Pulse weekly outlook: Manitoba dry beans in good shape
Reading Time: 2 minutes MarketsFarm — Despite temperatures ranging from near-freezing lows to sweltering highs and receiving little precipitation, Manitoba’s dry edible bean crop has weathered the conditions well, according to the province’s pulse specialist. “We’ve had some interesting weather over the last week to two weeks,” Dennis Lange, pulse specialist for Manitoba Agriculture at Altona, said, referring to […] Read more
Flea beetles a nuisance for canola crop
Reading Time: 2 minutes [UPDATED: June 22, 2021] MarketsFarm — Western Canada’s canola crop has been hit hard by hot, dry weather so far this growing season in the midst of ongoing drought conditions — which may also be aiding another threat. *Across the Prairies, flea beetles are an oft-seen pest that feeds on both canola and mustard seedlings, […] Read more
A message from April Stewart, Country Guide's Associate Editor
