Reading Time: 2 minutes MarketsFarm — Spring wheat prices on the Canadian Prairies experienced sharp upticks while gains for durum were much more subdued. A drop in U.S. wheat ratings fueled the upswing in wheat prices, as dry conditions took further hold with approximately 15 per cent of U.S. spring wheat now in drought. While that’s up four points […] Read more
Prairie cash wheat: Spring wheat vaults higher, durum nudges up
U.S. wheat futures, Canadian dollar up on week
Feed weekly outlook: Rains lift interest, prices
Dry conditions in U.S. Corn Belt supportive
Reading Time: < 1 minute MarketsFarm — When Alberta was dry, feed prices drew little interest according to Susanne Leclerc of Market Master Ltd. in Edmonton. But that changed after some timely rains, with prices on the rise. “There’s more demand than we have seen in a while,” Leclerc said. “When crops were looking crappy and people were worried about […] Read more
Pulse weekly outlook: Fewer growers signing up their green lentils
'A lot of interest' seen for red lentils
Reading Time: 2 minutes MarketsFarm — There has been a divergence of prices between green and red lentils so far in 2023, according to Levon Sargsyan of Johnston Grains at Weyburn, Sask. Sargsyan said he hasn’t seen too many acres of green lentils signed up for this year, while it’s the opposite case for the reds. “I’m seeing some […] Read more
ICE weekly outlook: Canola will follow soyoil up or down
Prairie weather another guiding factor
Reading Time: < 1 minute MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an […] Read more
Bison industry expanding, becoming mainstream
Bison meat emerging from 'seasonal' perception
Reading Time: 2 minutes MarketsFarm — The Canadian bison industry has been through some difficult times during the last few years but is now emerging from those doldrums, according to Manitoba Bison Association president Robert Johnson. “Between the two drought years and the COVID-19 pandemic, then high feed prices, probably the last two years have been pretty crappy for […] Read more
CBOT weekly outlook: Ending stocks of corn, soy predicted to rise
Ending stocks of wheat projected to drop as drought hits Kansas winter wheat
Reading Time: < 1 minute MarketsFarm — Ahead of supply and demand estimates from the U.S. Department of Agriculture due out Friday, analyst Tom Lilja of Progressive Ag in Fargo, N.D. predicted increases in 2023-24 ending stocks for U.S. corn and soybeans and decline for wheat. The average trade guess for wheat going into this month’s report was approximately 570 […] Read more
Extent of Saudi oil production cut unclear
Reported tensions within OPEC limit price gains
Reading Time: 2 minutes MarketsFarm — At the OPEC+ meeting Sunday in Vienna, Saudi Arabia announced it will cut its oil production by one million barrels per day (BPD) come July. And while that move was bullish for the markets, by how much remains to be seen, said Phil Flynn of the Price Futures Group in Chicago. “It’s probably […] Read more
Rain needed for soybeans, other southern Manitoba crops
Seeded soybeans projected to be up more than 40 million acres from 2022
Reading Time: 2 minutes MarketsFarm – When Toban Dyck started to plant his 600-plus acres of soybeans this year, the soil in the Winkler, Man. area had pretty decent moisture content. But following the combination of hot temperatures and strong winds with little rainfall in May, precipitation is now much needed. “There’s still a little bit of moisture there. […] Read more
Insects posing problems in Saskatchewan crops
Grasshopper, flea beetle damage already reported
Reading Time: 2 minutes MarketsFarm – Although it’s still early in the growing season, some insect pests have already posed a threat to crops in Saskatchewan or could do so in the near future, according to James Tansey, provincial specialist for insects/invertebrate pest management. Among the pests he cited were grasshoppers, flea beetles and pea leaf weevils. Tansey said […] Read more
Feed weekly outlook: Weather market will determine grain prices
Old-crop pricing is starting to come down
Reading Time: < 1 minute MarketsFarm – To Glen Loyns of JGL Commodities at Moose Jaw, Sask., feed grains on the Canadian Prairies are in a weather market, with prices for barley, wheat and corn quite able to go either way. “If it rains it’s going to be weak. If it’s dry it’s going to be higher. A pretty tough […] Read more
A message from April Stewart, Country Guide's Associate Editor
