Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada posted losses during the week ended Thursday, underpinned as losses in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.50-$8.10 per tonne across the Prairies, according to price quotes from a cross-section of delivery points […] Read more
Prairie cash wheat: Bids dip with U.S. futures
Canadian dollar also down on week
Feed weekly outlook: Barley exports slowing down, local prices steady
Feedlots relatively well covered
Reading Time: < 1 minute MarketsFarm — Canadian barley exports slowed down in January, but out-of-country movement is still running ahead of the year-ago pace, according to updated export data from the Canadian Grain Commission. Canada exported 131,100 tonnes of barley from licensed facilities in January, with China the top customer taking 100,500 tonnes. Total barley exports were well off […] Read more
Klassen: Calves jump on corn outlook
Softer barley values underpin yearling market
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $5 to as much as $12 above week-ago levels. Alberta packers were buying fed cattle on a dressed basis in the range of $332-$335 delivered, up $5-$8 from last week. Stronger fed cattle prices and softer barley values underpinned the yearling market. Buyers were finicky […] Read more
Prairie cash wheat: Durum rises, red spring falls back
U.S. wheat futures down on week
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies saw the red spring varieties take a hit during the week ended Thursday, while durum made gains. There were sharp declines in the U.S. wheat complex, which weighed on Canadian cash prices while a weaker dollar helped to stymie further losses. Despite the one-year anniversary of the […] Read more
Feed grain weekly: Prices slip back on good supplies
Demand for corn from Manitoba, U.S. wanes
Reading Time: 2 minutes MarketsFarm — There are sufficient supplies of feed barley, wheat and corn across the Prairies, according to Evan Peterson, trader with JGL Commodities. In turn, that’s putting pressure on prices. Peterson said a shortage of trucks and truck drivers last summer and fall led buyers to acquire as much feed as possible to get through […] Read more
Klassen: Feeder market stabilizes after recent climb
Calf prices in Manitoba show premium over Alberta
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Replacements weighing 650-800 lbs. appeared to traded steady to $4 higher while calves under 650 lbs. were steady to $4 lower. The cost per pound gain is reaching unprecedented levels and fleshier cattle were discounted quite severely in some cases. […] Read more
Prairie cash wheat: Little change in wheat bids
U.S. wheat futures up on week
Reading Time: 2 minutes MarketsFarm — Despite bullish factors affecting wheat futures on the Chicago Board of Trade (CBOT), western Canadian wheat bids did not see much change during the week ended Thursday. Futures prices for all three major U.S. varieties increased week-by-week, mostly fuelled by large gains on Feb. 10, as traders shifted focus to Russia’s invasion of […] Read more
Feed weekly outlook: Grain bids quietly drift lower
Oats still making their way into feedlots
Reading Time: 2 minutes MarketsFarm — Prices for feed barley and wheat in Western Canada drifted lower during the week ended Wednesday. Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta., said a relatively milder winter across the Prairies has resulted in less consumption of feed grains in feedlots. In turn, feedlots are not purchasing as much […] Read more
Klassen: Canadian feeder market rationing demand
Demand from Ontario remains aggressive
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were up $4-$6 while calf markets traded $6 to as much as $10 above week-ago levels. May feeder cattle futures are trading at a $8 premium to the nearby March contract. The carrying charge in the futures market has encouraged buyers to step forward sooner rather than […] Read more
Canada’s potato crop edges up in 2022
Alberta up into top spot among potato-producing provinces
Reading Time: < 1 minute MarketsFarm — Statistics Canada (StatCan) issued its potato production report Thursday, which noted a 1.5 per cent increase in the country’s crop in 2022. Across Canada, nearly 122.9 million hundredweight (cwt) of potatoes were harvested last year, with an average national yield of 322.3 cwt/acre on 381,351 acres. Alberta rose from third into the top […] Read more
A message from April Stewart, Country Guide's Associate Editor
