MarketsFarm — The association representing the Prairies’ main grain handling companies says recent delays in loading vessels have less to do with the availability of grain and more to do with the railways hauling it to port. The Western Grain Elevator Association (WGEA), which represents major handlers such as Viterra, Richardson, Cargill and others, raised […] Read more
Railways to blame for terminal shortages, WGEA says
Grain handlers take issue with MarketsFarm report
ICE weekly outlook: Canola back where it started
Day-to-day movements seen as tough to predict
MarketsFarm — ICE canola futures are pretty much back where they were a week ago after losing ground, only to recover by small — and then strong — gains. The May canola contract finished at $765.20 per tonne on Friday and closed Wednesday at $767.30. In between, the lowest close for May was $735.20. That […] Read more
Feed weekly outlook: Barley, wheat at par in Alberta
Demand also seen for heated canola
MarketsFarm — Prices for feed barley and wheat are running about the same, from where Susanne Leclerc sits at Market Master Ltd. in Edmonton. Barley and wheat going into central Alberta were both running at $315 per tonne, she said. “We’re seeing buyer strength gaining coverage for the summer,” she said, but noted trading activity […] Read more
Grain shortage, cold snap cause delays at West Coast ports
'...the vessels continue to arrive'
MarketsFarm — Grain movement in Western Canada remains faced with significant difficulties, according to Mark Hemmes, president of Quorum Corp., which monitors rail traffic and vessel movements in Canada. February’s cold snap resulted in grain movement across the region falling below its three-year average. The most pressing issue has been a shortage of grain to […] Read more
Pulse weekly outlook: Lentil prices increase
MarketsFarm — Lentil prices have been increasing over the last week, making gains of one to five cents per pound depending on the type, according to Prairie Ag Hotwire. “There’s a huge demand on everything right now. The lentil market is strong just like the yellow peas,” Allan Johnston, president of Johnston Grains at Welwyn, […] Read more
ICE weekly outlook: March canola contract not quite out of game
MarketsFarm — ICE Futures’ March canola contract doesn’t have too much to do with the price of the Canadian oilseed directly now but still can influence prices in coming days, according to Keith Ferley of RBC Dominion Securities in Winnipeg. Open interest in the March contract was around 15,000 as of Feb. 17. Ferley noted […] Read more
High fertilizer prices likely to climb more
MarketsFarm — Expect fertilizer prices to resume increasing, despite having fallen back recently. Prices began their sharp rise around the middle of December and beginning of January. “They will go higher as demand goes up at seeding time,” Mike Jubinville of MarketsFarm Pro in Winnipeg said. Jubinville reported urea prices have jumped $100 per tonne […] Read more
CBOT weekly outlook: WASDE unexpectedly bearish for corn
MarketsFarm — Corn prices on the Chicago Board of Trade immediately turned sour after Tuesday’s release of the monthly supply and demand report from the U.S. Department of Agriculture. By the time trading closed for the day, soybeans had recovered from losses incurred shortly after the report’s release to finish in double-digits on the plus […] Read more
ICE weekly outlook: How long can canola remain well supported?
MarketsFarm — Despite recent declines in canola prices, the Canadian oilseed remains very well supported, according to Errol Anderson of Market Place Communications in Calgary. The question he posed, though, was for how long can this last? “The market is incredibly well supported because of the lack of deliveries and that the crushers are still […] Read more
Prairie cash wheat: Lower U.S. prices, weaker loonie generate mixed results
MarketsFarm — Wheat bids in Western Canada were mixed during the week ended Thursday, with Canada Western Red Spring (CWRS) bids down and Canada Prairie Spring Red (CPSR) steady to higher. Bids for Canada Western Amber Durum (CWAD) were also higher on the week. Price changes in U.S. wheat markets guided the gains and losses […] Read more
Canadian Cattlemen Presents: Depth of Field
