MarketsFarm — With feed barley and wheat supplies on the verge of running out, prices remain firm, according to Mike Fleischhauer of Eagle Commodities in Lethbridge. “They’re on the positive side of stationary,” he said, noting prices could soon change following the Russian invasion of Ukraine on Thursday. “With what’s going on with Ukraine and […] Read more
Feed weekly outlook: Prices steady, but changes coming
Feedlots moving to full corn rations
Pulse weekly outlook: Four factors to consider before going with peas
MarketsFarm — There are four factors to consider before deciding whether to plant dry peas this spring, according to Darryl Domitruk, executive director of Manitoba Pulse and Soybean Growers at Carman, Man. The first is field selection, as peas need to be planted with less residuals such as nitrates, Domitruk said. “Pulses manufacture their own […] Read more
Prairie cash wheat: Red spring up, durum pulls back
U.S. wheat futures up on week
MarketsFarm — Wheat prices on the Prairies during the week ended Thursday saw increases for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) and declines for durum (CWAD). The Russia-Ukraine border crisis spurred a good part of the increases in U.S. wheat markets. The ongoing threat of war could harm wheat production […] Read more
Feed weekly outlook: Big demand lacking for barley, wheat
MarketsFarm — Prices for feed barley have swung a little higher over the last week — but it’s not due to feedlots needing a lot of the cereal, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Barley prices, he said, were $420-$424 per tonne delivered into Lethbridge, with offers as high as $445 […] Read more
World soybean output, stocks estimates chopped
MarketsFarm — Downward revisions to soybean numbers stand out the most in February’s grain market report from the International Grains Council (IGC). Otherwise, the monthly estimates have minor alterations. The IGC cut its forecast on 2021-22 global soybean production by four per cent from its January report, bringing its projection to 353.1 million tonnes. The […] Read more
Gasoline, diesel prices set to continue rising
MarketsFarm — The steady rise in crude oil prices is based on three factors, according to Tom Kloza, global head of energy analysis for Oil Price Information Service at Lakewood, N.J. One of those factors is the amount of crude oil produced by members of the Organization of Petroleum Exporting Countries (OPEC), along with some […] Read more
Expect Prairie temperatures below normal until month’s end
MarketsFarm — The Prairie weather outlook for the rest of February is likely to remain below normal, according to Scott Kehler, chief scientist for Weatherlogics in Winnipeg. “[But] not as cold as it has been for most of the winter,” he added. Much of January and February have been highlighted by temperatures well below normal. […] Read more
Pulse weekly outlook: Chickpea prices lower but still very good
MarketsFarm — Although prices for chickpeas have pulled back somewhat over the last month, Colin Young of Midwest Grain at Moose Jaw, Sask. emphasized the market has not turned bad in any manner. “It’s just the level of expectation we had, given the rise in prices of other commodities. Given that we were out there […] Read more
South American soy, corn crops face major disaster
MarketsFarm — With intense heat and very little rain, soybean and corn crops have been having a very tough time in South America, according Dr. Michael Cordonnier of Soybean and Corn Advisor at Hinsdale, Ill. Be they from private consultancies or government bodies such as the U.S. Department of Agriculture or its Brazilian equivalent CONAB, […] Read more
ICE weekly outlook: No independent strength left in canola
MarketsFarm — At a little more than halfway through the 2021-22 marketing year for canola, a trader asserted the Canadian oilseed now lacks the ability to move independently. Rather, it will follow the ups and downs in oil and meal markets. “[Canola] did its thing months ago,” trader Ken Ball of PI Financial in Winnipeg […] Read more
Canadian Cattlemen Presents: Depth of Field
