Reading Time: 1 minute MarketsFarm — Feed grain prices have softened across the Prairies, as seeding is well under and many producers have the coverage they need until new crops begin to come off the field in August. Markets are fundamentally bearish right now, as farmers with enough coverage can wait until prices get even lower when new crop […] Read more
Feed weekly outlook: Feed grain prices flagging
Pulse weekly outlook: Planted green, yellow peas lower prices
Reading Time: < 1 minute MarketsFarm — Green and yellow pea seeding is well underway across the Prairies, causing new-crop prices to slide marginally while spot prices hold firm. As Dale McManus, a broker with Johnston Grain at Welwyn, Sask., explained, seeded acres and new crop prices have an inverse relationship: as seeded acres rise, new crop prices fall. Producers […] Read more
Mustard acres to decrease, but yield outlook strong
Reading Time: < 1 minute MarketsFarm — The most recent principal field crop acreage report from Statistics Canada predicts mustard seed area will drop from approximately 500,000 acres to 400,000 in 2019, concentrated mainly in southwestern, south-central, and west-central Saskatchewan. Although fewer acres are expected to be seeded, prime mustard-growing areas in Saskatchewan and Alberta saw precipitation in recent weeks, […] Read more
CBOT weekly outlook: Weather, trade talks strong influences
Reading Time: 2 minutes MarketsFarm — Forecasts calling for more precipitation in the U.S. and trade talks with China are having powerful effects on prices at the Chicago Board of Trade this week from where one analyst sits. Steve Georgy of Allendale Inc. in McHenry, Ill. said the forecast has been driving soybean prices to new contract lows. Already […] Read more
U.S. grains: Export worries, big supplies drag soybean futures to new lows
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to fresh contract lows on Wednesday, pressured by sluggish exports and worries that rain-delayed U.S. corn seeding would expand the number of acres planted with soybeans, which can be sown later in the spring. Corn futures firmed as soggy fields around much of the Midwest and forecasts […] Read more
Klassen: Feeder market remains volatile
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3-$5 on either side of unchanged. Many auction barns were closed last week and the ones holding sales had smaller numbers. Quality packages of yearlings were on the higher end of the range while smaller groups of fleshier replacements were discounted. Alberta feedlots were focusing […] Read more
Prairies can expect unexpected from El Nino this summer
Reading Time: 2 minutes MarketsFarm — The U.S. National Weather Service Climate Prediction Center on Thursday reported a 65 per cent chance of El Nino prevailing throughout 2019’s growing season. “A weak El Nino is likely to continue through the Northern Hemisphere summer 2019 (65 per cent chance) and possibly fall (50-55 per cent chance),” the CPC’s report said. […] Read more
Saskatchewan offers up corn rainfall insurance plan
Reading Time: 2 minutes Saskatchewan’s crop insurance offerings for 2019 will include a new program allowing corn growers to insure against a substantial drop in moisture. The provincial and federal government on Feb. 26 rolled out Saskatchewan’s 2019 crop insurance program, in which coverage levels on average are to reach a record $230 per acre, up from $216 last […] Read more
Abrupt mid-March shift into spring predicted
Reading Time: < 1 minute Winter conditions are expected to remain the norm across the Canadian Prairies through the middle of March, when a sudden pattern change brings an abrupt start to spring, according to the latest seasonal forecast from The Weather Network. The quick move from cold to warm conditions raises the risk of flooding in areas with a […] Read more
El Nino likely not responsible for warm, dry conditions
Reading Time: 2 minutes CNS Canada — The above-normal temperatures Western Canada has generally experienced since the fall weren’t necessarily caused by an El Nino. Rather, to Agriculture and Agri-Food Canada, the phenomenon that’s likely affected the weather was a ‘blob’ that formed off of the coast of British Columbia. “It’s a big warm pocket of ocean water and […] Read more
A message from April Stewart, Country Guide's Associate Editor
