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File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)
Barley, Corn, Crops, Markets

Feed weekly outlook: Rain falls, grain prices to follow

U.S. corn values expected to decline

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Reading Time: 2 minutes MarketsFarm — Feed grain prices in Western Canada are showing the usual seasonal weakness as spring seeding continues, but prices are set to fall further. “I think as we get going, (prices) are going to lower down quite a bit,” Mike Fleischhauer of Eagle Commodities Ltd. at Lethbridge said. “The corn market over the next […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Barley market steady for now

Feedlots still importing U.S. corn

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Reading Time: 2 minutes MarketsFarm — Feed barley bids in Western Canada continue to hold steady, while attention in the market turns to the new crop going into the ground. “There currently is an uptick in demand for quick movement presenting good opportunities for producers ready to sell,” Alberta grain brokerage Agfinity said in a note to clients. “However, […] Read more
File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)
Cereals, Corn, Crops, Markets

Feed weekly outlook: Short-term premiums add to fluctuations

Truckers seen trying to stay as local as possible

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Reading Time: < 1 minute MarketsFarm — Although most feed grain buyers were fairly well covered through spring seeding, Susanne Leclerc of Market Master Ltd. at Edmonton said some were looking for feed to get through the coming weeks and offered premiums. “Which is a shock for seeding season,” she said, suggesting it’s best to shop around, with prices fluctuating […] Read more
(Dave Bedard photo)
Crops, Markets

Latest StatCan stocks report ‘least important of them all’

Wheat, canola numbers not expected to have significant impact on markets

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Reading Time: 2 minutes MarketsFarm — For MarketsFarm Pro analyst Mike Jubinville, there was little in the latest Statistics Canada (StatCan) grain stocks report that would budge the markets. “When I look at the run of StatCan reports that we get through the year, whether they’re acreage, production or ending stocks, this report in May is the least important […] Read more
Photo: File
Barley, Crops, Markets

Feed weekly outlook: Futures pressure Canadian prices

Some buyers still seeking coverage

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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
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle supplies remain snug

Feedlots expect significantly cheaper barley come harvest

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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
File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)
Cereals, Crops, Markets

Feed weekly outlook: Grain area to increase this year

Oats area expected to be reduced

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Reading Time: < 1 minute MarketsFarm — Early signs point to increased Canadian feed grain production in 2023-24, with record corn acreage intentions and increases in both barley and wheat area on the year, according to the latest estimates from Statistics Canada. Planted corn area in the country is forecast at 3.725 million acres in 2023, which would be up […] Read more
File photo of wheat seedlings. (Volodymyr Shtun/iStock/Getty Images)
Crops, Markets

StatCan expects more wheat, canola acres in 2023

Corn, soy, barley acres also expected up

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Reading Time: 2 minutes MarketsFarm — Canadian farmers intend to plant more wheat and canola in 2023, with soybeans, corn and barley area also forecast to expand, according to Statistics Canada’s projections for field crop area. The increases in those crops will come at the expense of oats, lentils and peas, with intended summerfallow area down to its smallest […] Read more
Photo: Canada Beef
Finishers, Livestock, Markets

Klassen: Positive feeding margins lift feeder complex

Futures continue percolating higher

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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
Photo: Greg Berg
Crops, Markets

Analysts expect additional acres for canola, wheat

StatCan estimates due out Wednesday

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Reading Time: 3 minutes MarketsFarm — If traders and analysts are correct with their estimates, there will be slightly more wheat and canola acres seeded in Canada this year compared to 2022. Statistics Canada (StatCan) will release its first survey-based acreage estimates for the 2023-24 marketing year on April 26. Other than drier and cooler conditions in southern Manitoba, […] Read more

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