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
Prairie cash wheat: Durum rises, red spring falls back
U.S. wheat futures down on week
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
Feed weekly outlook: Grain stocks set tone for barley, wheat
Barley expected to go bullish in April, May
Reading Time: 2 minutes MarketsFarm — Statistics Canada’s (StatCan) grain stocks report issued earlier this week largely met trade expectations, according to Winnipeg-based independent trader Jerry Klassen. The survey-based report, which estimated the country’s grain stocks as of Dec. 31, was neutral for spring wheat, supportive of durum, and pointed toward barley being somewhat bullish come spring, he said. […] Read more
Alberta plans new ag processing tax credit
Incentive to be introduced in 2023 budget
Reading Time: < 1 minute Alberta has telegraphed plans for a new provincial tax credit in its upcoming budget to spur development in the ag processing sector. The province on Tuesday announced plans for what it calls the Alberta Agri-Processing Investment Tax Credit — a 12 per cent, “non-refundable” tax credit for corporations making capital investments in “value-added agri-processing” in […] Read more
Klassen: Larger supplies of backgrounded cattle weigh on feeder complex
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded steady to $3 lower. Calf prices were quoted $5 lower to $3 higher. Backgrounded cattle appeared to have a softer tone as more numbers come on the market. Usually, the bulk of the volume for backgrounded cattle are animals over 850 lbs. However, this year, the […] Read more
A message from April Stewart, Country Guide's Associate Editor
