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(Photo courtesy Canada Beef Inc.)
Cereals, Corn, Crops, Markets

Feed weekly outlook: Prices steady, demand quiet

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Reading Time: < 1 minute MarketsFarm — Demand for feed grains has slowed down on the Prairies due to uncertainty in cattle markets posed by the COVID-19 pandemic. Many cattle processing and packing plants across North America have closed or slowed production due to lack of staff, leading to widespread issues in feed grain supply chains. “The lack of forward […] Read more
ICE May 2020 canola (candlesticks, in Cdn$) and CBOT May 2020 soymeal (yellow line, US$). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Loonie’s rally kept canola lower

CBOT soymeal, soyoil also drag on canola

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Reading Time: < 1 minute MarketsFarm — Canola prices dropped over the last week due to a combination of factors, according to David Derwin of PI Financial in Winnipeg. The Canadian dollar was one of those factors, as it had a small rally that pushed the loonie to almost 72 U.S. cents. That rally ended Wednesday, however, when the dollar […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Cattle producers press for lower price insurance premiums

WLPIP is needed, but unused because premiums too expensive, CCA says

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Reading Time: 2 minutes The Western Livestock Price Insurance Program is not functioning properly due to very high premiums and needs to be quickly revamped, says the Canadian Cattlemen’s Association. “We’re having unprecedented volatility for markets. Having tools in place for farmers and ranchers has never been more important,” executive vice-president Dennis Laycraft said during a telephone town hall […] Read more
Barley. (Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Strong demand supports prices

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Reading Time: < 1 minute MarketsFarm — Feed grain prices on the Prairies have been stronger, and well supported by strong demand. Nelson Neumann of Agfinity in Lethbridge said strong feed barley prices were due to an uptick in exports from the Prairie provinces. “That provided a nice support to the price floor,” he said, noting market participants had previously […] Read more
Green lentils. (Savany/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Prices mostly steady ahead of seeding

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Reading Time: < 1 minute MarketsFarm — As farmers decide what to plant in 2020, Dale McManus of Johnston’s Grain at Welwyn, Sask. hasn’t seen any significant deviation from what producers normally buy for pulse seed. “Red lentils, green lentils, green and yellow peas,” McManus cited among the pulses being purchased. Also, he noted, prices have remained quite steady in […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Barley, wheat remain firm

Feed corn values follow U.S. ethanol lower

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Reading Time: < 1 minute MarketsFarm — Prices for feed barley and wheat have firmed up across the Prairies amid the COVID-19 pandemic, said trader Allen Pirness of Market Place Commodities in Lethbridge. However, he also noted corn prices have fallen due to the steep decline in the U.S. ethanol industry. The Saudi Arabia/Russia crude oil price war put enormous […] Read more
A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Barley, Crops, Markets

Feed weekly outlook: Spring rally unlikely

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Reading Time: < 1 minute MarketsFarm — Feed grain bids in Western Canada have held relatively steady over the past month despite large moves in many outside markets. However, a number of factors may weigh on values heading into the spring. Feed barley is trading in the $4-$4.95 per bushel area in Alberta, according to Prairie Ag Hotwire data. Prices […] Read more
(4loops/iStock/Getty Images)
Crops, Lentils, Markets, Peas

Pulse weekly outlook: Lack of willing sellers underpins prices

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Reading Time: < 1 minute MarketsFarm — Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus of […] Read more
Pinto beans. (Vergani_Fotografia/iStock/Getty Images)
Crops, Markets, Pulses, Soybeans

Pulse weekly outlook: Bids underpin Manitoba edible bean area

Province's soybean acres expected to fall

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Reading Time: 2 minutes MarketsFarm — Solid prices should keep Manitoba farmers growing edible beans in 2020, although soybean area will likely drop, according to a provincial specialist. Disappointing harvest weather in 2019 hurt yields and cut into harvested area for edible beans in both Manitoba and across the border in the United States. As a result, prices heading […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets, Weather

Feed weekly outlook: Soft demand weighs on prices

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Reading Time: < 1 minute MarketsFarm — Feed grain prices on the Prairies remain soft ahead of spring planting, due to quiet demand from feedlots. “Feedlots are full of grain right now,” Brandon Motz of CorNine Commodities at Lacombe, Alta. said, explaining that there’s currently a lot of grain in feeding pipelines. “Spring replacement into feedlots has been really slow.” […] Read more

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