Reading Time: 2 minutes MarketsFarm — Wheat futures on the Chicago Board of Trade (CBOT) hit multi-month lows, which put pressure on Western Canadian wheat bids, during the week ended Thursday. Despite tighter wheat supplies in the U.S. and worldwide compared to last year, as well as the ongoing Russian invasion of Ukraine, wheat futures reached depths which weren’t […] Read more
Prairie cash wheat: U.S. futures drag on bids
Futures drop to multi-month lows
Feed weekly outlook: Wheat, barley eschewed for other grains
Oats, corn finding demand as feed
Reading Time: 2 minutes MarketsFarm — Feed wheat and barley prices in Alberta’s feedlot alley are coming down, largely due to the increasing presence of corn imported from the U.S. The high-delivered bid for Alberta feed barley on Wednesday was $9.80 per bushel, 11 cents lower than the previous week and 22 cents lower than one month earlier, according […] Read more
Prairie cash wheat: Bids drop with U.S. futures
Canadian dollar also down on week
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as U.S. wheat futures posted losses — although softness in the Canadian dollar did provide some underlying support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.50-$6.40 per tonne across the Prairies, according […] Read more
Feed weekly outlook: Looming corn imports to keep lid on Prairie barley
Reading Time: < 1 minute MarketsFarm — Large shipments of corn from the U.S., slated for delivery to Alberta’s feedlot alley, should keep domestic barley prices under pressure going forward, according to an analyst. “The barley price here will gradually decline,” said Errol Anderson of Pro Market Communications in Calgary, adding that up to 30 unit trains of U.S. corn […] Read more
Feed weekly outlook: Grain prices expected to hold firm
'The farmer doesn't seem super interested in selling'
Reading Time: < 1 minute MarketsFarm — Feed prices on the Prairies are likely to remain steady through to the new year, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “I think the markets for now are to be flat,” he said, noting there has been talk in the market of 25 trains of U.S. corn that have […] Read more
Consistency is key when it comes to growing malt barley varieties
New malting barley varieties yield better, but maltsters and brewers are wary of adopting them too quickly
Reading Time: 5 minutes One of the common elements of growing corn, wheat or soybeans anywhere in Canada is the volume-based market for each. Outside of identity-preserved (IP) varieties in soybeans or silage-specific hybrids in corn, there’s little differentiation. Regardless of the care or management a grower may take with commodity crops, their destination is usually the same — […] Read more
Prairie cash wheat: Bids steady following Ukraine volatility
U.S. wheat futures up on week
Reading Time: 2 minutes MarketsFarm — A roller-coaster type of week for grain markets, fuelled by the ongoing conflict between Ukraine and Russia, ended with slightly higher bids for western Canadian wheat for the week ended Thursday. As optimism grew over the renewal of Russia’s agreement to allow Ukrainian grain shipments on the Black Sea, wheat futures on the […] Read more
Feed weekly outlook: More corn, oats in feed rations
'Very weird situation to be seeing again'
Reading Time: 2 minutes MarketsFarm — As prices for feed barley and wheat increase, more feedlots are turning to corn, according to Susanne Leclerc of Market Master Ltd. at Edmonton. “A lot of places are switching to corn. The desirability of feed barley has been coming down,” she said. “So it will be interesting to see which way the […] Read more
Feed weekly outlook: Grain supplies good, freight costs higher
'They don't have as many drivers as normal'
Reading Time: < 1 minute MarketsFarm — There are still sufficient supplies of feed barley and wheat to be had on the Canadian Prairies — but there are issues with getting that feed from point to point, according to Erin Harakal, senior trader at Agfinity at Stony Plain, Alta. “I do think there are enough supplies from what we have […] Read more
China top destination for Canadian wheat through two months
Reading Time: < 1 minute MarketsFarm – China was the main destination for Canadian wheat through the first two months of the 2022/23 (Aug/Jul) marketing year, according to the latest trade data from Statistics Canada. Canada exported 534,000 tonnes of wheat to China in August and September, accounting for about 20 per cent of Canada’s total wheat exports-to-date. Japan, Bangladesh […] Read more
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