Reading Time: 2 minutes Hamburg | Reuters — Global food exporting countries should not restrict food exports after Russia’s invasion of Ukraine cut world supplies, agriculture ministers of the G7 group of nations said on Friday. The impact on markets escalated this week as a growing list of food producing countries restricted exports, keeping vital supplies within their borders. […] Read more
G7 ag ministers urge end to food export curbs as prices surge
Nations warn against 'speculative behaviour'
Feed weekly outlook: Fuel, other factors to affect grain prices
Reading Time: 2 minutes MarketsFarm — As fuel prices continue to rise due to Russia’s invasion of Ukraine, surcharges for grain shipments are also increasing — leaving many to wonder about feed grain costs moving forward. “I think we will be seeing an effect coming up,” said Brandon Motz, owner and sales manager of CorNine Commodities at Lacombe, Alta. […] Read more
ICE weekly outlook: Canola’s contract highs still underpriced
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market posted solid gains during the week ended Wednesday, hitting fresh contract highs in many months. The most active May contract hit a session high of $1,143.70 per tonne on Wednesday, but settled off that mark at $1,125.20 per tonne. While canola may be trading in uncharted territory, there […] Read more
Klassen: Surge in feed grain prices shocks feeder cattle market
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $3-$5 lower on average. Feeder cattle weighing 650 to 800 lbs. were relatively unchanged to $3 lower. Calves under 650 lbs. were steady to $4-$6 lower in Alberta, unchanged in Saskatchewan and $3-$5 higher in Manitoba. Fleshier yearlings and calves were heavily discounted last week with […] Read more
U.S. grains: Wheat limit up to 14-year highs
CBOT May corn, soybeans down
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures gapped higher on Monday, notching a limit-up move as it neared an all-time high on concerns that global supply shipments will be disrupted until the Russia-Ukraine conflict is resolved. European wheat has already hit record highs as deepening Western sanctions against Russia fuelled concerns about exports from the […] Read more
Low demand for barley keeps prices stable
Wheat's volatility not reflecting onto barley values
Reading Time: < 1 minute MarketsFarm — Unlike the dramatic leaps wheat prices have made since the Russian invasion of Ukraine 12 days ago, malt barley prices have moved very little, according to Kris Moric of Johnston’s Grains in Calgary. Wheat “is not pulling barley prices with it, as far as we can see on our end,” Moric said, noting […] Read more
Feed weekly outlook: Rising oil prices increase freight charges
Reading Time: 2 minutes MarketsFarm — Acquiring livestock feed has been increasingly expensive as Russia’s ongoing invasion of Ukraine, and a retaliatory ban on Russian oil imports by many Western nations, has caused oil prices to severely rise every day. As corn imports from the U.S. continue to make their way into Alberta feedlots, the cost to transport them […] Read more
ICE weekly outlook: Analyst sees sharp declines coming for canola
Reading Time: 2 minutes MarketsFarm — Sharp increases in canola and other commodities are said to be coming to an end, according to analyst Errol Anderson of ProMarket Communications in Calgary. Concerns stemming from Russia’s invasion of Ukraine have sparked huge gains, but there’s very likely a good amount of volatility ahead. “The market is being really driven by […] Read more
Klassen: Feeder market shows resilience
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calves in the range of 600-800 lbs. traded steady to $4 higher. Calves under 600 lbs. were $1-$2 higher in Alberta and Saskatchewan but traded $2-$3 lower in Manitoba. Alberta feedlot operators appeared to shrug off the geopolitical events last […] Read more
Feed weekly outlook: Prices steady, but changes coming
Feedlots moving to full corn rations
Reading Time: < 1 minute MarketsFarm — With feed barley and wheat supplies on the verge of running out, prices remain firm, according to Mike Fleischhauer of Eagle Commodities in Lethbridge. “They’re on the positive side of stationary,” he said, noting prices could soon change following the Russian invasion of Ukraine on Thursday. “With what’s going on with Ukraine and […] Read more
A message from April Stewart, Country Guide's Associate Editor
