Reading Time: < 1 minute Rising corn prices in the United States could provide support for feed grains in Western Canada, although the current price spread remains conducive for imports of U.S. corn into Canadian feed channels.
Prairie feed grains market watching U.S. corn
Manitoba harvest nearly done, only corn/sunflowers left
Reading Time: 2 minutes Harvest operations across Manitoba are nearly complete, with only sunflowers and corn still left to come off the fields, according to the latest provincial crop report for the week ended Oct. 22.
Larger stocks limiting price outlook for lentils/peas
Reading Time: 2 minutes An expected increase in Canadian lentil and pea exports in 2024/25 is unlikely to result in higher prices, as increased production should cause the stocks-to-use ratios to widen.
AAFC lowers canola ending stocks estimate
Reading Time: 2 minutes Canadian canola ending stocks for the 2024-25 marketing year are forecast to be tighter than earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Oct. 21.
Fund short position in canola dips for fourth week
Reading Time: < 1 minute The net fund short position in canola declined for the fourth week in a row in mid-October, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Western Canadian wheat bids soften with U.S. futures
Reading Time: 2 minutes Hard red spring wheat bids in Western retreated from their recent highs during the week ended Oct. 17 as a downturn in the United States futures weighed on prices.
ICE canola weekly outlook: Weak soybeans a “problem”
Reading Time: < 1 minute The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.
Prairie spring wheat bids rise as loonie drops
Reading Time: 2 minutes Hard red spring wheat bids in Western Canada moved to their highest levels in three months during the week ended Oct. 10, as a firm tone in the United States futures and sharp weakness in the Canadian dollar provided support.
ICE canola weekly outlook: Rising market hits resistance
Reading Time: < 1 minute The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.
Late season storms wreak havoc on Prairie crops
Reading Time: < 1 minute Severe hailstorms wreaked havoc on crops across Western Canada, bringing an unexpected surge in claims, according to the latest update from the Canadian Crop Hail Association (CCHA).
A message from April Stewart, Country Guide's Associate Editor
