Reading Time: 2 minutes MarketsFarm — Western Canadian spring wheat bids were the beneficiaries of rising U.S. futures prices for the week ended Thursday. Wheat futures on the Chicago Board of Trade (CBOT) were under pressure early in the week due to healthy yet ineffective rains over wheat-growing areas in the U.S. The U.S. Department of Agriculture raised the […] Read more
Prairie cash wheat: U.S. futures lift spring wheat bids
Durum prices down on week
Fire and floods across Western Canada force evacuations
Western Alberta towns of Edson, Drayton Valley ordered to evacuate
Reading Time: 3 minutes Reuters — A week of record-hot weather in Western Canada has forced thousands of people to evacuate their homes, as wildfires rage in parts of Alberta and rapid snow melt triggers flooding across interior British Columbia. By Friday, more than 13,000 people were under evacuation orders in Alberta. As of late Friday afternoon, 91 fires […] Read more
Feed weekly outlook: Futures pressure Canadian prices
Some buyers still seeking coverage
Reading Time: 2 minutes MarketsFarm — Prices for feed grains in Western Canada continue to ease off, but seasonal activity isn’t the only reason contributing to the declines. Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta., said futures markets are also playing their part in pressuring feed grain prices. “Especially with the wheat markets due to […] Read more
Klassen: Feeder cattle supplies remain snug
Feedlots expect significantly cheaper barley come harvest
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Premium low-flesh yearlings were one off bids $15-$20 above average. Cattle buyers commented that there were larger volumes of fleshier yearlings. Cattle with heavier butter levels were discounted from our listed values by $5 to as much as $10. […] Read more
Prairie cash wheat: Bids drop sharply
U.S. wheat futures well down on week
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada dropped sharply lower during the last week of April, as a selloff in U.S. futures more than offset any support from a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $25.90-$27.50 per tonne across the Prairies, according […] Read more
Avian flu outbreaks climb in Quebec poultry
Thirteen outbreaks reported in province so far in April
Reading Time: 2 minutes After a relatively quiet March with just one outbreak of highly pathogenic avian influenza in domestic poultry, Quebec has turned up 13 outbreaks so far this month. The Canadian Food Inspection Agency in April has reported detections of high-path avian flu at 13 sites in that province, including: three commercial barns in the regional county […] Read more
Klassen: Positive feeding margins lift feeder complex
Futures continue percolating higher
Reading Time: 2 minutes Compared to last week, western Canadian yearlings traded steady to $5/cwt higher. Feeders in the 650- to 800-lb. category appeared to jump $4/cwt to as much as $8/cwt in some cases. Calves under 650 lbs. were up $5-$10/cwt. Alberta packers were buying fed cattle in southern Alberta on a live basis at $222/cwt f.o.b. the […] Read more
Prairie cash wheat: Red wheats up slightly on week
Prairie durum values down on week
Reading Time: 2 minutes MarketsFarm — Despite adverse weather conditions in both Canada and the U.S., as well as poor growing conditions south of the border, western Canadian wheat bids saw slight increases for the week ended Thursday. A spring snowstorm descended on eastern Saskatchewan, western Manitoba and North Dakota on Wednesday and Thursday, with some parts seeing up […] Read more
Feed weekly outlook: Quiet times appear to be ahead
Significant weather event would maybe move prices
Reading Time: < 1 minute MarketsFarm — As feed grain prices on the Canadian Prairies remain relatively stable, the market appear to be “moving to a quiet summer,” according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “Demand remains neutral to weak, and farmers are holding on to their grain that’s left in the bin,” Motz explained, noting feedlots […] Read more
Pulse weekly outlook: Peas heading in different directions
Export demand seen down for yellows
Reading Time: < 1 minute MarketsFarm — Prices for green and yellow peas have been starting to move further apart, according to Levon Sargsyan, grain broker with Johnston’s Grain at Welwyn, Sask. Sargsyan pointed out that prices for yellow peas have been slipping back recently. “Export demand has dropped overseas, so that’s been pushing the yellow pea prices down. The […] Read more
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