Reading Time: < 1 minute MarketsFarm — Feed grain prices were beginning to soften as many buyers don’t have a major need to purchase from growers, said Nelson Neumann, senior trader for Agfinity in Stony Plain, Alta. “There’s still obviously a demand, but buyers are pretty well covered for the February-March timeframe. That’s a window where a lot of growers […] Read more
Feed weekly outlook: Buyers not looking to make purchases
Rye production likely won’t increase in 2020
Reading Time: 2 minutes MarketsFarm — Strong prices served as an incentive for farmers to plant more rye in 2019, but one grower believes there won’t be as much production in 2020 due to the wet fall. “Winter cereals got seeded, but not the acres guys were planning,” said Brad White, a Saskatchewan farmer and a director with Winter […] Read more
Pulse weekly outlook: More acres sought for 2020
Reading Time: < 1 minute MarketsFarm — Planting intentions for red and green lentils and other pulses have been looking good for 2020 — but that might change somewhat because prices have slipped a little, said Marcos Mosnaim of Globeways Canada in Mississauga. Discussing pulse crops at a farm show last month in Saskatoon, Mosnaim said he got the strong […] Read more
Pulse Canada looking to build data inventory for industry
Reading Time: < 1 minute MarketsFarm — Pulse Canada has undertaken a survey of pea and lentil growers to gauge the sector’s environmental footprint and to provide data for a public repository. The survey is a joint project with Alberta Pulse Growers, SaskPulse and Manitoba Pulse and Soybean Growers. The survey is a life cycle assessment of pea and lentil […] Read more
Feed weekly outlook: Rally likely to end soon
Reading Time: < 1 minute MarketsFarm — After a bit of a rally for feed grain prices over the last three to four weeks, the feedlots are on the full side, said Brandon Motz of CorNine Commodities at Lacombe, Alta. “That normally means we back off a little bit,” he said, noting there hasn’t been an uptick in deliveries with […] Read more
IGC calls for more wheat despite lowering global forecast
Reading Time: < 1 minute MarketsFarm — At close to 1.03 billion tonnes, there’s going to be more wheat in the world in 2019-20 than in the previous marketing year, according to the latest outlook from the International Grains Council (IGC). The London-based organization released its report on Jan. 23, in which it revised its previous forecast — but with […] Read more
Prairie cash wheat: Bids generally higher
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were up for CWRS and CPSR, while durum (CWAD) bids were mostly higher. The Canadian dollar was down by more than a half cent during the week. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices ranged from up $3-$5 […] Read more
ICE weekly outlook: Don’t expect China to buy if Huawei exec goes free
Reading Time: 2 minutes MarketsFarm — ICE Futures canola traders have been keeping a close eye on this week’s extradition hearings for Huawei executive Meng Wanzhou in Vancouver. The hearing is to determine whether Meng will be extradited to the U.S., which requested her arrest by Canadian authorities in December 2018. China, in the wake of that arrest, detained […] Read more
Flax prices likely to remain flat
Reading Time: 2 minutes MarketsFarm — Although autumn snowfall limited the quality of a lot of Prairie flax, its price has remained flat, according to Brian Johnson of Johnson Seeds at Arborg, Man. While Johnson has seen some instances of No. 1 flax, he said most of what he’s seen has graded Nos. 2 and 3. “The premiums are […] Read more
Spring weather to determine Prairies’ crop pest load
Reading Time: 2 minutes MarketsFarm — How problematic insects fare across the Prairies in 2020 depends largely on the weather this spring, according to three provincial insect specialists. Be the insects grasshoppers, flea beetles, cutworms, or a few other types, their potential to cause significant damage to Prairie crops will partly depend on how dry and warm this coming […] Read more
A message from April Stewart, Country Guide's Associate Editor
