Reading Time: 2 minutes MarketsFarm — Durum bids in Western Canada are holding relatively steady, with prices only seeing small moves over the past month despite larger swings in spring wheat. Durum prices in southern Saskatchewan have traded in the $235-$243 per tonne area over the past month, a relatively narrow $8 trading range compared to Canada Western Red […] Read more
Durum market holds steady despite spring wheat swings
Feed weekly outlook: Weather buoys grain prices
Reading Time: < 1 minute MarketsFarm –– A dry spring on the Prairies, coupled with intensely wet weather south of the border, has frustrated producers and supported higher feed grain prices. Barley prices have rallied “quite strongly” due to dry weather observed across most of the Prairies, combined with tight supplies from previous years, said Nelson Neumann of Agfinity in […] Read more
Federated Co-op buying Saskatchewan ethanol plant
Reading Time: 2 minutes Federated Co-operatives is set to lock in an ethanol supply for its member co-ops’ gas stations with a deal for a major Saskatchewan wheat ethanol producer. FCL announced Wednesday it will buy the Terra Grain Fuels ethanol plant in the RM of Pense near Belle Plaine, about 25 km east of Moose Jaw, for an […] Read more
Feed weekly outlook: Feed grain prices flagging
Reading Time: 1 minute MarketsFarm — Feed grain prices have softened across the Prairies, as seeding is well under and many producers have the coverage they need until new crops begin to come off the field in August. Markets are fundamentally bearish right now, as farmers with enough coverage can wait until prices get even lower when new crop […] Read more
Australia to import first wheat in 12 years as drought bites
Reading Time: < 1 minute Sydney | Reuters — Australia will import its first shipment of wheat in more than a decade as a drought across the country’s east coast wilts supply in the world’s fourth largest exporter of the staple grain. Australia’s Department of Agriculture and Water Resources said late on Tuesday that it has approved an import permit […] Read more
Ardent Mills to close four U.S. flour mills
Reading Time: < 1 minute Reuters — Ardent Mills will close three U.S. flour mills next month and a fourth in the first quarter of 2020, the flour miller and food ingredient maker announced Friday. The company, a joint venture between ConAgra Foods, Cargill and CHS, said the closures were necessary due to “anticipated demand and to enhance the efficiency […] Read more
Feed weekly outlook: A tale of two Prairie grain markets
Reading Time: < 1 minute MarketsFarm — Tight old-crop supplies may be keeping nearby barley bids underpinned on the Prairies — but expectations for increased acres in 2019 mean new-crop bids are at a considerable discount. “It’s a tale of two markets right now,” said Glen Loyns, general manager of JGL Commodities at Moose Jaw, pointing to the large spread […] Read more
Canada Northern wheat class struggles for acreage
It turns out that it’s hard to knock CWRS off its perch as the preferred wheat class for customers and farmers
Reading Time: 5 minutes Some touted it as the new high-yielding wheat class that would free farmers from the rigid standards of CWRS, but nearly four years after its creation, Canada Northern Hard Red (CNHR) hasn’t made much of a dent in Prairie wheat acreage. Some predicted CNHR’s acres would rival or even surpass Canada Western Red Spring. The […] Read more
Feed weekly outlook: Prices steady ahead of seeding
Reading Time: < 1 minute MarketsFarm — Feed grain prices have firmed up ahead of seeding, and producers are quick to make room in feed bins ahead of seeding. “New-crop price is significantly lower than old-crop, so at some point they’re going to converge,” said Allen Pirness, senior trader with Market Place Commodities in Lethbridge. Statistics Canada’s crop intentions report, […] Read more
ADM’s move to spin off ethanol assets speaks to industry’s woes
Reading Time: 2 minutes New York/Chicago | Reuters — Biofuels pioneer Archer Daniels Midland took another step toward abandoning its pure-play ethanol assets on Friday, the latest sign of the industry’s struggles with U.S. President Donald Trump’s trade wars, thin margins, and overproduction. U.S. law requires ethanol to be blended into gasoline but domestic demand for the biofuel added […] Read more
A message from April Stewart, Country Guide's Associate Editor
