Reading Time: 2 minutes CNS Canada — ICE’s November canola futures look poised to continue chopping around between the $490-$500 per tonne mark, as uncertainty over yields in Western Canada sows seeds of doubt throughout the trade. “Yields that have been coming in suggest the crop will be bigger than the (Statistics Canada) estimate,” said Ken Ball of PI […] Read more
ICE weekly outlook: Pressure builds on canola as yield outlooks vary
Klassen: Feeder market waiting for direction
Reading Time: 2 minutes Average western Canadian feeder prices were relatively unchanged from week-ago levels; however, the yearling market in southern Alberta traded $3-$5 higher as feedlot operators focused on sourcing local cattle. High-quality yearlings are coming on the market and steady demand was evident across the Prairies. Strength in the deferred live cattle futures along with the deterioration […] Read more
Pulse weekly outlook: Chickpeas buck pulse trend
Reading Time: 2 minutes CNS Canada — Saskatchewan farmers are expected to turn in a smaller pulse harvest this fall, although chickpea production is bucking the overall downward trend. Chickpeas are the only Saskatchewan pulse crop to post a production increase, in Statistics Canada’s latest estimate of 2018 production. The estimates show Saskatchewan growers are expected to harvest about […] Read more
Feed weekly outlook: Shortages expected for Prairie barley
Reading Time: 2 minutes CNS Canada — Sales have slowed for feed grain buyers in Western Canada, as concerns continue to mount about feed shortages. “The confidence from the farmer is not (there anymore). He just wants to see some crop come into his bin. So we’ve definitely slowed in our buying,” said Brandon Motz, sales manager at CorNine […] Read more
Prairie crop tour sees slightly bigger wheat, canola yields
Reading Time: 2 minutes Saskatoon | Reuters — Canadian farmers were on track to reap slightly larger wheat and canola yields, despite dry conditions and a wide discrepancy in growth rates, a crop tour estimated on Thursday. The inaugural Grain World crop tour, organized by FarmLink Marketing Solutions, toured the Prairie provinces on Tuesday and Wednesday. Moisture conditions vary […] Read more
Japan resumes Canadian wheat purchases
Reading Time: 2 minutes Tokyo | Reuters — Japan’s agriculture ministry said Friday it had resumed purchases of Canadian wheat after testing showed no imports that reached the country included grain containing a genetically modified trait discovered in Alberta last summer. Japan’s agriculture ministry said it was seeking to buy 62,957 tonnes of food-quality Canada Western Red Spring (CWRS, […] Read more
Prairie hay crops look thin in many areas
Reading Time: 2 minutes CNS Canada — Many farmers taking off their first hay cuts are also gathering more talking points to grumble over at coffee row. While many producers are still working to get the first cut done and the situation could change with the second cut, many regions are already reporting below-average yields. “In areas of the […] Read more
South Korea lifts suspension on Canadian wheat sales
Reading Time: < 1 minute Seoul | Reuters — South Korea’s food ministry on Tuesday said it had lifted a temporary suspension on sales of Canadian wheat as it had not discovered any unapproved genetically modified strains during tests on imports. South Korea suspended sales of Canadian wheat last week after Canada announced the discovery in mid-2017 of an unapproved […] Read more
Pulse weekly outlook: Lentil crop prospects look good, market down
Reading Time: 2 minutes CNS Canada — The western Canadian lentil crop is looking good, which has buyers in no rush to lock in contracts. “The crop is germinating well and so (buyers are) not really anxious or worried about having product available in this coming crop year,” said Marlene Boersch, of Mercantile Consulting Venture. Thursday’s crop report from […] Read more
Klassen: Weaker corn, barley prices support feeder market
Reading Time: 2 minutes Western Canadian yearling prices traded $3 to as much as $8 above week-ago levels while calves were steady to $2 higher. Alberta packers were buying fed cattle in the range of $140-$143, unchanged from week-ago levels; however, a fortuitous $5 bounce in the U.S. fed cattle market bolstered buying enthusiasm for replacements. Feeder cattle futures […] Read more
A message from April Stewart, Country Guide's Associate Editor
