Reading Time: 2 minutes MarketsFarm – As gains in global crude oil prices have been largely behind the increases in edible oil values, any losses in crude will lead to declines in the edibles. Such was the case on Nov. 3 when crude oil took a dip, pulling down soyoil on the Chicago Board of Trade (CBOT) as well […] Read more
ICE weekly outlook: Crude oil at heart of canola’s fate
Feed weekly outlook: Almost out of space for corn
Reading Time: 2 minutes MarketsFarm – At this point of the fall, there’s not much room still to be had for feed corn, according to Brandon Motz of CorNine Commodities in Lacombe, Alta. In the meantime, prices for feed barley and wheat continued to push higher. “The in-bound corn is picking up and we are starting to see new […] Read more
Port of Churchill out of commission for two years
Reading Time: 2 minutes The sight of grain vessels being loaded at the Port of Churchill in northern Manitoba won’t happen for two years, according to Sheldon Affleck, chief executive officer of the Arctic Gateway Group (AGG). The group consists of 29 Indigenous and a dozen non-Indigenous communities that own and operate the rail line from The Pas to […] Read more
Pulse weekly outlook: Possible seed shortage for lentils
Reading Time: 2 minutes With lentil yields varying across the Prairies this year some growers could find themselves short on seed to plant in 2022. “It depends on if you have booked seed already somewhere or you normally clean your own,” said Dale McManus, trader with Johnston’s Grain in Welwyn, Sask. “A lot of lentils haven’t brought to the […] Read more
ICE weekly outlook: Canola rally keeps going
Not yet back at $1K, but it's possible
Reading Time: < 1 minute MarketsFarm — With good gains from other edible oils, canola has remained on the rise so far during the week of Oct. 18. It’s uncertain as to how much longer the rally could press on, but analyst David Derwin of PI Financial in Winnipeg said canola punching through $1,000 per tonne again is possible. “Never […] Read more
Feed weekly outlook: Shortages leading to price increases
Reading Time: 2 minutes MarketsFarm — Prices for feed grains are swinging higher because of shortages, according to Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge. “One thing we are sure of is we are running out of inventory, barley for sure, and we’re 11 months away from new crop,” he said. This year’s severe drought and excessive heat […] Read more
CBOT weekly outlook: U.S. corn, soybean carryovers could increase
Declines expected for wheat stocks
Reading Time: 2 minutes MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), expectations are for corn and soybean ending stocks to increase, according to Steve Georgy, president of Allendale Inc., in McHenry, Ill. “The wheat market could see carryout numbers decline slightly on this report,” he added. USDA is scheduled […] Read more
Exports tumble as supplies simply not there
'There's very little to sell'
Reading Time: 2 minutes MarketsFarm — Cereal and oilseed exports out of Canada nosedived in August just as the 2021-22 marketing began, according to the monthly export report from the Canadian Grain Commission (CGC). At about 2.24 million tonnes, total grain exports were down 38.5 per cent overall compared to those in August 2020. “There’s very little to sell. […] Read more
Pulse weekly outlook: Manitoba has an OK dry bean crop
Reading Time: 2 minutes MarketsFarm — As with the great majority of field crops this year in Manitoba, dry beans have seen production fall due to excessive heat and severe drought, according to provincial pulse specialist Dennis Lange. “Dry beans usually do fairly well on drier years, but this year has been extremely dry for a lot of the […] Read more
Prairie quinoa yields likely to be down this year
Reading Time: < 1 minute MarketsFarm — Shortly before the harvest of this year’s quinoa crop in Western Canada is about to start, expectations are for yields to be down from last year, according to Liam O’Halloran of the Northern Quinoa Production Corp. (NorQuin) in Saskatoon. “As well as everything else we had some areas that had a little bit […] Read more
A message from April Stewart, Country Guide's Associate Editor
