Glen Hallick - MarketsFarm Archives

Election 2019: Ag groups want the parties to pay attention

By Glen Hallick - MarketsFarm 2 days ago

MarketsFarm — Two major national farm organizations want the political parties to pay more attention to agriculture as the federal election continues. However, the Canadian Federation of Agriculture (CFA) and the National Farmers Union (NFU) have somewhat different takes as to what they see as paramount. “It’s really important that we uphold the quality of […] Read more

Canola, Crops, Markets

ICE weekly outlook: Uncertainty, lack of farmer selling lift canola bids

By Glen Hallick - MarketsFarm 2 days ago

MarketsFarm — Over the last week or so canola prices have been largely supported by two factors, according to Errol Anderson of Pro Market Communications in Calgary. “To some degree it’s still crop uncertainty and growers aren’t selling.” Cash bids have varied widely, he said, while spot premiums have shot up a bit. “That indicates […] Read more

Crops, Markets, Spring Wheat, Winter Wheat

Cash wheat: Bids get support from U.S. gains

By Glen Hallick - MarketsFarm September 13, 2019

MarketsFarm — Wheat bids in Western Canada were higher for the week ended Thursday, with gains in CWRS, CPSR and CWAD wheats in all locations. The Canadian dollar was up by more than a 10th of a cent on the week, which tempered gains. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat […] Read more

Crops, Spring Wheat, Winter Wheat

Global wheat production to decrease, USDA says

By Glen Hallick - MarketsFarm September 13, 2019

MarketsFarm — In the latest supply and demand report from U.S. Department of Agriculture (USDA), the global wheat forecast was revised downward due to difficult weather conditions. USDA has now projected 765.53 million tonnes of wheat to be produced in 2019-20, according to the department’s world agriculture supply and demand estimates (WASDE), released Thursday. That’s […] Read more

Crops, Markets

CBOT weekly outlook: Expected U.S. soybean, corn yields down

By Glen Hallick - MarketsFarm September 12, 2019

MarketsFarm –– The U.S. Department of Agriculture (USDA) September supply and demand report saw downward revisions for corn and soybeans, but kept its estimates for wheat where they were in August. The department on Thursday released its new world agricultural supply and demand estimates (WASDE). “Prices rallied after the report came out because of the […] Read more

Crops, Weather

Frost strikes in numerous spots in Manitoba

By Glen Hallick - MarketsFarm September 11, 2019

MarketsFarm — Numerous areas throughout the growing areas of Manitoba experienced frost, according to the province’s crop report for the week ended Monday. The coldest locations were Sprague in the eastern region, Narcisse in the Interlake and Lake Audy in the southwest, which experienced temperatures of -2 C on Sept. 8. Many other areas saw […] Read more

Crops, Lentils, Markets, Weather

Pulse weekly outlook: Wrinkles, loss of colour problems for lentils

By Glen Hallick - MarketsFarm September 10, 2019

MarketsFarm — As Canada’s lentil harvest comes along slowly, issues with wrinkles and the loss of colour have arisen, according to Markus Mosnaim of Globeway Canada in Mississauga. Loss of colour in green lentils translates to a downgrade, he said. “It can drop to No. 2, depending on how much colour is lost.” Wrinkles, meanwhile, […] Read more

Crops, Markets

Big changes unlikely in next USDA report

By Glen Hallick - MarketsFarm September 9, 2019

MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture, several firms have issued estimates for U.S. corn and soybean yields. USDA is scheduled to release its next world agriculture supply and demand estimates (WASDE) Thursday at 11 a.m. CT. The report will help set the tone for commodities […] Read more

Barley, Corn, Crops, Markets

Feed weekly outlook: Barley bouncing back, reducing need for corn

By Glen Hallick - MarketsFarm September 6, 2019

MarketsFarm — This year has been proving good for barley, according to trader Allen Pirness of Market Place Commodities in Lethbridge. “A lot of acres went in and that takes the edge off of supply,” Pirness said of the barley crop throughout southern Alberta. There had been a switch to corn in feed rations last […] Read more

Canola, Crops, Markets

ICE weekly outlook: Count on canola remaining rangebound

By Glen Hallick - MarketsFarm September 4, 2019

MarketsFarm — Despite three reports to be released between now and Thursday next week, canola is very likely to remain rangebound along with other oilseeds, said David Derwin of PI Financial in Winnipeg. Statistics Canada on Friday will release its report for grain stocks as of July 31; then the federal agency issues its satellite-survey […] Read more

Feed weekly outlook: Market not bottomed yet

U.S. grains: Soy firm on export sales, trade optimism

U.S. livestock: Feeder cattle near six-week high

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