Reading Time: < 1 minute MarketsFarm — While recent wet weather on the Prairies has helped bring down prices for feed grains, demand — or a lack thereof — has been another primary factor. “The rains have definitely affected (prices) a bit, but probably not to the extent demand has,” said Erin Harakal, trade manager for Agfinity at Stony Plain, […] Read more
Feed weekly outlook: Rains, demand keep bids down
ICE weekly outlook: Weather, soy complex weaken canola
Reading Time: 2 minutes MarketsFarm — Wet weather on the Prairies and U.S. northern Plains has brought downward pressure on ICE Futures canola prices, taking the market off the contract highs hit in early June. Losses in palm oil and soyoil were also bearish. While precipitation, or the potential of it falling over canola-growing areas in Western Canada and […] Read more
U.S. grains: Soybeans down with vegetable oil prices
Chicago July corn, wheat up
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Wednesday to their lowest level in nearly two months, pressured by a retreat in global vegetable oil prices from multi-year highs, analysts said. Corn and wheat futures ended mixed, with the nearby July corn and wheat contracts closing higher, while back months declined. Chicago Board of […] Read more
Klassen: Feeder market heating up
Volumes thin with auction barns in holiday mode
Reading Time: 2 minutes Compared to last week, western Canadian yearling steers traded $3-$4 higher while yearling heifers were steady to $2 higher. Mid-weight calves or young yearlings from 600 to 800 lbs. were $3-$5 higher on average. Calves under 600 lbs. were relatively unchanged. Favourable rains across the Prairies have enhanced crop prospects for barley and wheat. April […] Read more
ICE weekly outlook: Swings ahead for canola
Reading Time: < 1 minute MarketsFarm — If anything is certain for canola values, it’s that they are going to be swingy for the next while, according to Ken Ball of PI Financial in Winnipeg. Canola bids, especially new-crop, have been on the downswing lately, largely due to precipitation the Prairies recently received. While the resulting moisture won’t rectify the […] Read more
Dry weather may cut into Canadian crop prospects, AAFC says
Reading Time: 2 minutes MarketsFarm — Dry weather conditions across Western Canada could cut into production prospects in the region, according to updated supply/demand tables released Thursday by Agriculture and Agri-Food Canada. “Extremely dry conditions prevail in large parts of Western Canada, allowing for rapid seeding progress which is trending ahead of normal; however, timely precipitation this spring and […] Read more
Tensions build over Argentina’s beef export ban
Rural associations pledge pause in livestock trading
Reading Time: 2 minutes Buenos Aires | Reuters — Argentine farm groups will halt trading of livestock in protest against a 30-day government ban on beef exports aimed at bringing down domestic prices, the country’s main producer groups said in a joint statement Tuesday. The South American country’s centre-left Peronist government unveiled the ’emergency measure’ to tamp down high […] Read more
Feed weekly outlook: Falling futures suggest first cracks in lofty market
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
ICE weekly outlook: Rain needed to bolster canola crop
Reading Time: < 1 minute MarketsFarm | Rain — specifically, the lack thereof — is quickly becoming the key issue for canola values, according to Ken Ball of PI Financial in Winnipeg. Until now, dry conditions across much of the Prairies have not been much a factor in canola prices, he said. “We’ve got to get some rain in a […] Read more
Pulse weekly outlook: Chickpea acres ‘sharply’ down
Reading Time: < 1 minute MarketsFarm — Despite prices higher than last year’s, Canada’s chickpea acres are expected to decline this year and, in turn, will result in less production in the 2021-22 crop year. High-delivered bids for Kabuli chickpeas, the type most commonly grown in Canada, run from 25 to 35 cents/lb., three to seven cents higher than last […] Read more
A message from April Stewart, Country Guide's Associate Editor
