new-crop Archives - Country Guide

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

CBOT weekly outlook: Focus shifts away from USDA supply, demand estimates

By Adam Peleshaty August 18, 2021

Reading Time: 2 minutes MarketsFarm — Nearly a week after the U.S. Department of Agriculture’s (USDA) Aug. 12 release of its monthly supply and demand estimates, they still lingered in the minds of traders at the Chicago Board of Trade (CBOT). “Corn at $5.65 (per bushel), that’s where it’s trading right now, that is the fair market value for […] Read more

Crops, Markets

Flax prices expected to push higher

By Glen Hallick - MarketsFarm July 19, 2021

Reading Time: < 1 minute MarketsFarm — Although flax prices have held pretty much steady over the last few weeks, prices will soon increase, according to Dale Johnston of Johnston Seeds at Welwyn, Sask. Johnston said prices for old-crop brown and yellow flax were presently about $24 per bushel. New-crop flax was at $18/bu. “By the time we get done […] 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

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Rains, lower demand pressure grain bids

Old-crop demand 'not that strong anymore'

By Adam Peleshaty June 4, 2021

Reading Time: 2 minutes MarketsFarm — With feedlots across Western Canada already stocked up on feed barley and wheat for their animals, reduced demand for those crops and recent wet weather have left high-delivered bids mixed. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for feed barley remained steady in Saskatchewan at $6 per bushel, went down […] Read more

ICE November 2021 canola (candlesticks) with 20-day moving average (green line) and July 2021 canola (yellow open/high/low/close). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Attention turns to new-crop canola

'Somebody's feet will be held to the fire'

By Phil Franz-Warkentin - MarketsFarm May 20, 2021

Reading Time: < 1 minute MarketsFarm — Wide price swings in the nearby ICE Futures July canola contract over the past few weeks have sent most commercial trade into the new-crop November, with direction in the front month hard to predict given recent volatility. “Where (July canola) finally goes off the board, I have no idea, but I wouldn’t be […] Read more

CBOT July 2021 corn (blue high/low/close) and CBOT July 2021 wheat (red HLC). (Barchart)

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Falling futures suggest first cracks in lofty market

By Phil Franz-Warkentin - MarketsFarm May 13, 2021

Reading Time: < 1 minute MarketsFarm — A sharp drop in corn and wheat futures prices at the Chicago Board of Trade over the past week could be the sign of the first cracks in the western Canadian feed grain market. That said, tight supplies and uncertainty over new-crop grain production remain supportive. “With the move on the futures market […] Read more

Barley, Crops, Markets

Feed weekly outlook: Drought, demand deplete southern Alberta stocks

By Adam Peleshaty May 7, 2021

Reading Time: < 1 minute MarketsFarm — Prices for feed grains are continuing to go up — and with depleted stocks and dry conditions forecast for the Prairies, they are likely to rise a bit more. “There’s a shortage of corn. Corn’s at over $400 (per tonne) in southern Alberta. You’ve got barley that’s pushing over $340-$350 and that’s a […] Read more

ICE July 2021 canola (candlesticks) with Bollinger (20,2) bands and November 2021 canola (black line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola’s uptrend intact for now

By Phil Franz-Warkentin - MarketsFarm May 6, 2021

Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market continued its months-long upward trajectory during the week ended Wednesday, hitting fresh contract highs in many months as tight old-crop supplies and weather uncertainty for the new crop kept speculators on the buy side. While selling was starting to come forward to temper gains in the new-crop months, […] Read more

Crops, Markets

More flax expected in 2021

More acres predicted, but how many more?

By Glen Hallick - MarketsFarm April 20, 2021

Reading Time: < 1 minute MarketsFarm — Flax prices in Western Canada have remained strong and are down little off their recent highs, according to Scott Shiels of Grain Millers Canada Corp. at Yorkton, Sask. Shiels believes those good prices will lead producers to plant more acres of flax this spring — but not the 22 per cent hike to […] Read more

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Barley, Corn, Crops, Markets

Feed weekly outlook: Prairie grains firm, watching new-crop weather

U.S. corn values supportive

By Phil Franz-Warkentin - MarketsFarm April 15, 2021

Reading Time: < 1 minute MarketsFarm — Tight barley supplies in Western Canada continue to keep the feed market underpinned, with gains in the U.S. corn market also providing support to grain markets in general. “We’re starting to see a bit of an early weather market in the U.S.,” Allen Pirness of Market Place Commodities in Lethbridge said. Rising corn […] Read more

Buyers found for five Prairie pulse plants

‘Two Michaels’ have left China, Trudeau says

Prairie cash wheat: Gains in prices vary by type

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