MarketsFarm — Prices for feed barley and wheat in Alberta pulled back a little this week — and it wasn’t because the province has generally received more rain than the other two Prairie provinces. “There hasn’t been the demand as we typically have at this time of year,” Erin Harakal, senior trader with Agfinity in […] Read more
Feed weekly outlook: Prices dip in Alberta, steady to higher elsewhere
CBOT weekly outlook: USDA reports generate immediate turnaround
MarketsFarm — Commodity prices for corn, soybeans and wheat made a very quick turnaround on Wednesday following the release of two major reports from the U.S. Department of Agriculture (USDA). “At 11 o’clock corn was down 14 cents per bushel and went limit up 40 cents,” commented Scott Capinegro of Barrington Commodities in Barrington, Ill. […] Read more
CBOT weekly outlook: Weather market expected for rest of month
MarketsFarm — The weather is just one of the factors guiding futures values at the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago. As prices have fluctuated with hot and dry weather interrupted by rain, Reilly noted there’s more to the ebbs and flows than the latest […] Read more
Pulse weekly outlook: Timely rains benefitting Saskatchewan crops
MarketsFarm — As with crops across the Prairies, pulses in Saskatchewan got a much timely shot in the arm with recent rainfall, according to Carl Potts, executive director of Saskatchewan Pulse Growers. “I think pulse crops have benefitted from the rains we’ve had over the last two or three weeks here in the province,” he […] Read more
ICE weekly outlook: Canola market pits weather against supplies
MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern Alberta received rain, followed by […] Read more
Pulse weekly outlook: India’s tariff elimination has little effect on Canada
MarketsFarm — A temporary elimination of some import duties on three pulses currently has little effect on Canada, according to Mac Ross, director of market access and trade policy for Pulse Canada. Earlier in mid-May, the Indian government ordered the suspension of tariffs on pigeon peas, mung beans and urad/black gram lentils until Oct. 31. […] Read more
CBOT weekly outlook: Higher spring wheat all about dry North Dakota
MarketsFarm — As heat and dryness prevail across North Dakota, prices for Minneapolis (MGEX) spring wheat will continue to rise, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Ettner pointed to the weekly crop progress report from the U.S. Department of Agriculture that showed the condition of spring wheat in North Dakota […] Read more
ICE weekly outlook: Swings ahead for canola
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
CBOT weekly outlook: Commodities see ‘much needed’ correction
'You’re not going to go up every day'
MarketsFarm — A bullish market and sharp increases in commodities at the Chicago Board of Trade (CBOT), turned downward Wednesday in what Sean Lusk of Walsh Commercial Hedging Services called a “much needed correction.” Prices pulled back that day by varying degrees for soybean, corn and wheat futures, coinciding with declines in other commodity futures […] Read more
Pulse weekly outlook: Peas, beans hold up in dry Manitoba
MarketsFarm — Of the pulses being planted in Manitoba this spring, field peas and dry beans appear the best able to handle the difficult drought conditions the province continues to experience throughout its growing areas. Field peas “have a relatively low water requirement, similar to dry beans,” Cassandra Tkachuk, production specialist with Manitoba Pulse and […] Read more
Canadian Cattlemen Presents: Depth of Field
