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Little change seen in USDA’s WASDE report

U.S. corn, soy, wheat production figures down from July report

Reading Time: 2 minutes MarketsFarm — August figures from the U.S. Department of Agriculture’s (USDA) world agricultural supply/demand estimates (WASDE) provided very few surprises and not much change after their release Friday. However, crop production and carryout estimates were tightened from those in July. USDA’s 2023-24 corn production estimate declined by 209 million bushels from July to 15.111 billion, […] Read more

File photo of a BNSF grain train in Montana. (Photo courtesy BNSF Railway)

Feed weekly outlook: U.S. corn keeps making way into Canadian rations

Ease of sourcing corn by rail an attractive feature

Reading Time: < 1 minute MarketsFarm — The size and quality of the 2023 Canadian grain crop is still very much in the air, but domestic feeders intend to keep at least some corn from the U.S. in their rations going forward no matter what is grown on the Prairies. Canadian buyers have already booked 78,500 tonnes of U.S. corn […] Read more


ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Not a matter of when, but where canola peaks

Prevailing trend remains downward

Reading Time: < 1 minute MarketsFarm — As the rally in canola on ICE Futures continued Wednesday, an analyst stressed it’s not when this upswing ends, but where. David Derwin of PI Financial in Winnipeg spoke of when canola prices were falling, and they broke through that psychological barrier of $800 per tonne on their way down. “That was the […] Read more

Photo: File

Feed weekly outlook: Grain prices start moving upward

New-crop barley already en route to feedlots

Reading Time: 2 minutes MarketsFarm — Hot temperatures and a lack of precipitation in recent days are helping Alberta growers make significant progress, according to Lethbridge-based Market Place Commodities’ president Jim Beusekom. “In southern Alberta, (the harvest) is doing just fine,” he said. “We had some rain last week. Some (had) more, some less. Last week limited how much […] Read more


File photo of a sunrise over an Alberta barley crop. (MNphotography/iStock/Getty Images)

Feed weekly outlook: Barley harvest begins in Alberta

Prices continue easing

Reading Time: < 1 minute MarketsFarm — The barley harvest has already started in Alberta and prices continue to ease downward, according to one trader. “Around Lethbridge, they seem to have a good portion done,” said Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “Some areas in the north are starting, as well. The Edmonton area, Red […] Read more

ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

ICE weekly outlook: Benign weather weighs on canola

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts were seeing choppy activity in mid-July but were under pressure overall, closing at their weakest levels in six months on Wednesday. Relatively favourable Prairie weather, speculative long-liquidation, and pressure from outside markets all weighed on values with more losses likely if no weather concerns develop. “The weather looks fairly […] Read more



ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (black line). (Barchart)

ICE weekly outlook: Highs might be in for old-crop canola

New crop in 'a very uncertain stage'

Reading Time: < 1 minute MarketsFarm — The highs may be in for old-crop canola contracts on the ICE Futures platform, with attention in the market turning to the new crop. “I think the market has probably defined the upside potential and the acute demand rationing that needed to occur is done,” said Jerry Klassen, an independent commodity trader and […] Read more