markets Archives | Country Guide

Durum markets reckon with weather

'There was no wiggle room for a crop problem'

Reading Time: 2 minutes MarketsFarm — The higher temperatures soared and the longer between rains in Western Canada, the lower the yield projections for most crops — and drought-tolerant durum wheat is no exception. With bids already elevated due to a downturn in potential new-crop supply, the price of durum could rise even higher. “There’s not a lot of […] Read more

File photo of pigs on a farm in Germany. (FooTToo/iStock/Getty Images)

Hogs, Livestock, Markets, Reuters

German hog market shrugs off swine fever discovery on farms

By Reuters 4 days ago

Reading Time: 2 minutes Hamburg | Reuters — German pig prices were unchanged this week despite the discovery of the disease African swine fever in farm animals, German animal farmers’ association VEZG said on Wednesday. German pig prices were the same as last week at 1.42 euros (C$2.10) per kilogram slaughter weight, the VEZG said. A third case of […] Read more

Crops, Lentils, Markets

Pulse weekly outlook: Lentil prices seen as too high, sales stalling

'Destination markets are not in desperation mode'

By Glen Hallick - MarketsFarm 5 days ago

Reading Time: < 1 minute MarketsFarm — Prices for pulses, such as lentils for example, have been approaching the point where they are good for growers but getting too expensive for the destination markets, according to Marcos Mosnaim of Mercaris Commodities. “It’s a kind of an interesting scenario, where you see farmers not selling and prices to farmers keep going […] Read more

CBOT September 2021 wheat (candlesticks) with 20-day moving average (yellow line) and MGEX and K.C. September wheats (green and orange O/H/L/C). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Wheat posts biggest weekly climb in six years

Weather woes in North America, Russia, Europe spur concerns

By Julie Ingwersen July 16, 2021

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rose about three per cent on Friday and recorded their largest weekly gain in six years as parched conditions for North American spring wheat and adverse weather in Europe and Russia stoked concern about global supplies. Soybean futures ended higher on uncertainty about U.S. crop weather, while corn […] Read more

ICE November 2021 canola (candlesticks) with 10-, 20-, 50- and 100-day moving averages (yellow, green, purple and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: $1,000 canola not a guarantee

By Glen Hallick - MarketsFarm July 14, 2021

Reading Time: < 1 minute MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the same breath the November contract […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market consolidates

By Jerry Klassen July 13, 2021

Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $2-$3 on either side of unchanged. In central and southern Alberta, quality yearling steers weighing 800 lbs. continue to hover at the psychological range of $200-$210; lower-flesh steers fresh off grass weighing 900 lbs. are readily quoted in the range of $185-$190. Saskatchewan values are […] Read more

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Expensive canola required

By Glen Hallick - MarketsFarm July 7, 2021

Reading Time: < 1 minute MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 million tonnes, well below the […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market calm but firm

By Jerry Klassen July 6, 2021

Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices were unchanged. Most auction markets were closed due to Canada Day. It’s been a busy spring period; there is no doubt about it. Pastures are quickly deteriorating under the intense heat and many ranchers will sell yearlings 30-45 days sooner than normal. The good news is […] Read more

Barley, Crops, Markets, Spring Wheat, Weather

Feed weekly outlook: New-crop prices to rise

By Adam Peleshaty June 25, 2021

Reading Time: < 1 minute MarketsFarm — Well covered with grain for now, feedlots are beginning to set their sights on the new crop. Drought conditions on the Prairies and the U.S. northern Plains are causing new-crop feed wheat and feed barley prices to go up, according to a Saskatchewan-based trader. “Demand for old crop (is) dwindling and the focus […] Read more

Crops, Markets, Reuters

Potash partnership with BHP ‘not our focus,’ Nutrien executive says

Prices surging on rising demand, Belarus sanctions

By Rod Nickel June 23, 2021

Reading Time: 1 minute Winnipeg | Reuters — Canadian potash producer Nutrien is not focused on any potential collaboration with miner BHP Group, a senior Nutrien executive said Tuesday in the company’s first public comments about reports of possible co-operation. BHP has for years been constructing a potash mine at Jansen, Sask., near Nutrien’s six mines in the province. […] Read more

Hemp industry looking forward despite hurdles

U.S. livestock: Cattle futures gain

U.S. grains: Corn, soybeans lower on the week

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