Reading Time: < 1 minute MarketsFarm — Seasonal harvest pressure and expectations for large corn deliveries from the United States should limit any upside potential in feed barley bids in Western Canada for the foreseeable future despite this year’s smaller crop. “We’re getting some better-than-expected yields (in central Alberta), so there is some harvest pressure with guys needing to move […] Read more
Feed weekly outlook: Harvest pressure, looming corn imports weigh on barley bids
Some yields turn out 'better than expected'
Pulse weekly outlook: Canada’s prices well supported given smaller crops
Dispute between Canada, India to be watched closely
Reading Time: < 1 minute MarketsFarm — Canadian pulse production came in well below average in 2023, keeping prices supported for the time being. Total pea production was pegged at 2.27 million tonnes by Statistics Canada on Thursday. That was up slightly from the 2.19 million tonnes forecast in August, but well off the 3.42 million tonnes grown the previous […] Read more
Fund long position drops in canola
Net long in CBOT soybeans also down on week
Reading Time: < 1 minute MarketsFarm — Fund traders have been busy liquidating long positions and putting on new bearish canola bets in early September. The net managed money long position in the ICE Futures market dropping sharply during the week ended Tuesday (Sept. 12), according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission […] Read more
ICE weekly outlook: Harvest pressure to weigh on canola
StatCan report not expected to cause much stir
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market posted gains for the first time in more than a week on Wednesday, but damage was done from a chart standpoint with mounting harvest pressure amid relatively favourable Prairie weather conditions likely to weigh on values over the next few weeks. “It’s that time of year,” said Jamie […] Read more
Canada’s canola carryout up on year, wheat down slightly
Barley, oats, peas also up on year
Reading Time: 2 minutes MarketsFarm — Canadian canola ending stocks edged higher in 2022-23, while wheat carryout was slightly lower, according to the latest stocks data from Statistics Canada, released Friday. Barley, oats and peas also saw increases on the year, while lentil supplies tightened. Total wheat stocks as of July 31, at 3.58 million tonnes were down by […] Read more
CBOT weekly outlook: Poor crop ratings keep soy, corn supported
Major changes not expected in next WASDE
Reading Time: 2 minutes MarketsFarm — Hot and dry weather conditions cutting into crop ratings for soybeans and corn in the U.S. could see prices for both crops rise above nearby chart resistance levels, although the looming harvest may temper the upside potential. Both soybeans and corn were rated 53 per cent good-to-excellent in the latest weekly crop report […] Read more
Pulse weekly outlook: Poor monsoon rains cut into India production
Canadian crops also expected lower
Reading Time: < 1 minute MarketsFarm — Disappointing monsoon rains in India this year are expected to cut into the country’s pulse production, according to reports out of the country. Crop production in India is highly dependent on the monsoon rains that typically soak the country from June through September, but the moisture to date was about nine per cent […] Read more
Fund long position edges higher in canola
Net long in CBOT soybeans down on week
Reading Time: < 1 minute MarketsFarm — The managed money long position in canola edged slightly higher during the week ended Aug. 29, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 29, 2023, the net managed money long position in canola futures came in at 13,904 contracts (41,949 long, […] Read more
Prairie cash wheat: Spring wheat bids drop with U.S. futures
Crop concerns supportive for durum
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada fell in sympathy with U.S. futures during the week ended Thursday, although durum climbed higher on the back of production concerns in key durum-growing areas of southern Saskatchewan. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$9.70 per tonne across […] Read more
Feed weekly outlook: Market steady in face of harvest, U.S. corn imports
Imports weigh on domestic barley values
Reading Time: < 1 minute MarketsFarm — The feed grain market in Western Canada is holding reasonably steady as harvest operations progress and corn imports continue to come up from the United States. Anecdotal harvest reports were varied so far, with surprisingly positive results from some growers and others who missed out on showers ending up with lower yields, according […] Read more
A message from April Stewart, Country Guide's Associate Editor
