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Cereals

File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)
Cereals, Corn, Crops, Markets

Feed weekly outlook: Short-term premiums add to fluctuations

Truckers seen trying to stay as local as possible

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MarketsFarm — Although most feed grain buyers were fairly well covered through spring seeding, Susanne Leclerc of Market Master Ltd. at Edmonton said some were looking for feed to get through the coming weeks and offered premiums. “Which is a shock for seeding season,” she said, suggesting it’s best to shop around, with prices fluctuating […] Read more
K.C. July 2023 hard red winter wheat with 20-day moving average and Minneapolis July 2023 hard red spring wheat (yellow line). (Barchart)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: U.S. futures lift spring wheat bids

Durum prices down on week

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MarketsFarm — Western Canadian spring wheat bids were the beneficiaries of rising U.S. futures prices for the week ended Thursday. Wheat futures on the Chicago Board of Trade (CBOT) were under pressure early in the week due to healthy yet ineffective rains over wheat-growing areas in the U.S. The U.S. Department of Agriculture raised the […] Read more
Photo: File
Barley, Crops, Markets

Feed weekly outlook: Futures pressure Canadian prices

Some buyers still seeking coverage

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MarketsFarm — Prices for feed grains in Western Canada continue to ease off, but seasonal activity isn’t the only reason contributing to the declines. Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta., said futures markets are also playing their part in pressuring feed grain prices. “Especially with the wheat markets due to […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Bids drop sharply

U.S. wheat futures well down on week

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MarketsFarm — Spring wheat bids in Western Canada dropped sharply lower during the last week of April, as a selloff in U.S. futures more than offset any support from a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $25.90-$27.50 per tonne across the Prairies, according […] Read more
File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)
Cereals, Crops, Markets

Feed weekly outlook: Grain area to increase this year

Oats area expected to be reduced

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MarketsFarm — Early signs point to increased Canadian feed grain production in 2023-24, with record corn acreage intentions and increases in both barley and wheat area on the year, according to the latest estimates from Statistics Canada. Planted corn area in the country is forecast at 3.725 million acres in 2023, which would be up […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Red wheats up slightly on week

Prairie durum values down on week

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MarketsFarm — Despite adverse weather conditions in both Canada and the U.S., as well as poor growing conditions south of the border, western Canadian wheat bids saw slight increases for the week ended Thursday. A spring snowstorm descended on eastern Saskatchewan, western Manitoba and North Dakota on Wednesday and Thursday, with some parts seeing up […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Quiet times appear to be ahead

Significant weather event would maybe move prices

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MarketsFarm — As feed grain prices on the Canadian Prairies remain relatively stable, the market appear to be “moving to a quiet summer,” according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “Demand remains neutral to weak, and farmers are holding on to their grain that’s left in the bin,” Motz explained, noting feedlots […] Read more
File photo of a wheat harvest in Kazakhstan. (Yerbolat Shadrakhov/iStock/Getty Images)
Crops, Markets, Spring Wheat

Less wheat expected in Kazakhstan in 2023-24, despite same acres

Soil moisture loss expected in wheat-growing regions

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MarketsFarm — As the 2022-23 crop year in Kazakhstan begins to wind down, the U.S. Department of Agriculture (USDA) attaché in the country’s capital of Astana estimated its wheat production at 16.4 million tonnes. Should that forecast hold, the attaché’s report noted it would be the largest wheat harvest since 2017-18. However, going into the […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Finishers, Livestock, Markets

Klassen: Feeder market factors in lower barley prices

Strength in deferred live cattle futures also supportive

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Compared to last week, western Canadian yearlings over 800 lbs. jumped $4 to as much as $10 in some cases. Steers in the 700- to 800-lb. category appeared to be up $10-$12 while similar-weight heifers were up $8-$10. Calves under 700 lbs. were up $10-$20. The feeder market was hard to define in some cases. […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Stronger loonie sends bids down

U.S. wheat futures also down on week

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MarketsFarm — A rising Canadian dollar helped lower western Canadian wheat bids for the week ended Thursday despite an array of supportive factors. As the central and southern U.S. Plains deal with severe drought in winter wheat-growing areas, a large snowpack in the northern Plains threatens to delay spring wheat seeding by a few weeks. […] Read more

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