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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Stronger crop prospects, loonie lower bids

MGEX, K.C. wheat down on week

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Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture’s projected increases for domestic and worldwide wheat ending stocks, along with a strengthening Canadian dollar, brought pressure onto western Canadian wheat bids for the week ended Thursday. In its monthly world agricultural supply and demand estimates (WASDE) report on Wednesday, USDA showed a projected 1.78 million-tonne rise in […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Alberta bids see slight gains

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Reading Time: 1 minute MarketsFarm — Alberta feedlots are only buying feed barley and wheat on a hand-to-mouth basis as demand remains unchanged, according to a local trader. “A lot of the feedlots we work with are buying what they needed and getting covered,” said Agfinity Inc. senior trader Erin Harakal from Stony Plain, Alta. High-delivered bids are $12.93 […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder markets start 2022 with a roar

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Reading Time: 2 minutes Compared to late December, western Canadian yearling prices were quoted $6-$8 higher on average; however, fancier, lower flesh packages in the 850- to 900-lb. category were $10-$12 higher. Calf markets were quite variable. Early in the week, calf prices were relatively unchanged but markets were up $3-$6 by Friday. Ontario buyers were extremely aggressive last […] Read more
Pacific sea surface temperature anomalies in degrees Celsius for the week centred on Dec. 29, 2021. (CPC.ncep.noaa.gov)
General, Weather

La Niña introduces itself with Prairie cold snap

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Reading Time: 2 minutes MarketsFarm — The frigid conditions which had enveloped the Prairie provinces in recent weeks is a sign La Niña has come again, according to a Kansas-based meteorologist. Since mid-December, the Prairies have been in a deep freeze beginning with temperatures at least 10 C below-normal. Since the holiday season, many towns and cities in the […] Read more
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Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Feedlots, elevators filled with corn

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Reading Time: 2 minutes MarketsFarm — As 2022 begins, feed grain markets in Alberta have been “status quo,” according to a grain buyer. “There’s a lot of grain that has been pre-contracted in terms of corn coming in from the United States,” said Brandon Motz of CorNine Commodities at Lacombe, Alta. “Lots of priority has been towards execution, making […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market has positive factors

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Reading Time: 2 minutes There were no feeder cattle sales last week due to the holiday season; however, this didn’t stop many cow-calf producers from inquiring about the market outlook for 2022. This past year was one for the record books. There is no doubt about it. Waves of COVID-19 caused beef demand to be quite volatile from month […] Read more
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Crops, Markets, Spring Wheat

Prairie cash wheat: Prices booked remarkable upswing in 2021

U.S. wheat futures well up on year

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Reading Time: 2 minutes MarketsFarm — There were huge gains in wheat prices in Western Canada this past year. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats shot up by $200 per tonne or more, while those for Canada Western Amber Durum (CWAD) spiked well in excess of $400 per tonne. Significant increases in U.S. […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids show small gains

Minneapolis, K.C. March wheats up on week

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Reading Time: 2 minutes MarketsFarm — Growing drought concerns in the U.S. and improved export numbers led to higher bids for western Canadian wheat for the week ended Thursday. However, a mid-week selloff on the futures market held back some gains. The southern U.S. Plains, which are a growing area for hard red winter wheat, have been affected by […] Read more

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