Reading Time: 2 minutes MarketsFarm — Barley and canola production expectations vary ahead of Statistics Canada’s production of principal field crops report, due out Friday. In September, the federal agency estimated Canada’s barley production to total just less than 10 million tonnes, two million higher than the final count for the 2018-19 growing year. However, some trade estimates are […] Read more
Trade’s crop estimates vary ahead of StatsCan report
Klassen: Feeder cattle market drops on soft demand
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets were down $4-$6 while calf prices dropped $5 to as much as much as $10 in some cases. Comments from order buyers reflect very sluggish demand for this time of year. Ontario farmers have harvested about 50 per cent of the corn crop and buying interest from […] Read more
Feed weekly outlook: Tight logistics underpin barley in Feedlot Alley
Reading Time: 2 minutes MarketsFarm — The adverse 2019 harvest across Western Canada may have left more grain grading as feed than normal, but issues in getting that barley and wheat to livestock continue to prop up prices for the time being. “We’ve seen a rally in the feed barley market the last four weeks,” said Brandon Motz, of […] Read more
Syngenta to halt Canadian cereal development operations
Reading Time: 2 minutes Seed and ag chem giant Syngenta plans to wrap up a decade of cereal seed research and development work in Canada by the end of the year. The company announced Wednesday it will discontinue its Canadian cereal seed research and development program effective at the end of calendar 2019, affecting five Syngenta Canada staff positions. […] Read more
Glencore’s head barley trader leaves post
Reading Time: < 1 minute Paris | Reuters –– Glencore Agriculture removed head barley trader Mathieu Kleine from his post last week, market sources familiar with the matter said. The grain merchant, which is part owned by diversified commodity group Glencore, dismissed Kleine due to disappointing results, two of the sources said. It was not clear if Kleine was still […] Read more
Feed weekly outlook: Barley, feed wheat at par in southern Alberta
Reading Time: < 1 minute MarketsFarm – Feed barley prices in southern Alberta’s feedlot alley moved higher over the past few weeks, but the price rise will likely slow down as barley trades at par with feed wheat. Feed barley and feed wheat are both currently trading at around C$225 per tonne delivered into Lethbridge, Alta. “That’s a sell signal […] Read more
Feed weekly outlook: Feed grain prices a mixed bag
Reading Time: < 1 minute MarketsFarm – Feed grain prices reflected the mixed bag of harvest conditions across the Prairies, which produced feed grains of varying quality. In particular, for feed wheat that came off the fields dry and in good condition, prices were around C$5.50 per bushel. However, there’s about a 50-cent discount for tough feed wheat, and moisture […] Read more
Crop, field conditions to determine what’s feed
Reading Time: < 1 minute MarketsFarm – Given the difficult conditions grain farmers have contended with in 2019, especially the cold, wet conditions that’s drawing out the harvest, it’s hard to say how much wheat and barley will end up as feed, according to one broker. “I really think we don’t know what to expect. There’s wheat coming off even […] Read more
Feed weekly outlook: Prairie grain market finding a bottom
Reading Time: 2 minutes MarketsFarm — The western Canadian feed grain market is showing signs of finding a bottom, as buyers wait to get a better handle on the quality of grain still unharvested across the Prairies. Feed barley is currently trading at around $200 per tonne in southern Alberta, while feed wheat bids are around $210, according to […] Read more
Japan trade deal aims to put U.S. farmers on par with TPP
Reading Time: 2 minutes Washington | Reuters — The new U.S.-Japan trade deal will provide staged reduction of Japanese tariffs for more than US$2 billion worth of U.S. beef and pork, matching access now granted to the 11 Trans-Pacific Partnership trade pact countries, a text of the agreement shows. U.S. President Donald Trump presided over a White House signing […] Read more
A message from April Stewart, Country Guide's Associate Editor
