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Cereals

(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed grain weekly: Prices slip back on good supplies

Demand for corn from Manitoba, U.S. wanes

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MarketsFarm — There are sufficient supplies of feed barley, wheat and corn across the Prairies, according to Evan Peterson, trader with JGL Commodities. In turn, that’s putting pressure on prices. Peterson said a shortage of trucks and truck drivers last summer and fall led buyers to acquire as much feed as possible to get through […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Little change in wheat bids

U.S. wheat futures up on week

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MarketsFarm — Despite bullish factors affecting wheat futures on the Chicago Board of Trade (CBOT), western Canadian wheat bids did not see much change during the week ended Thursday. Futures prices for all three major U.S. varieties increased week-by-week, mostly fuelled by large gains on Feb. 10, as traders shifted focus to Russia’s invasion of […] Read more
Oats. (Greg Berg photo)
Cereals, Crops, Markets

Feed weekly outlook: Grain bids quietly drift lower

Oats still making their way into feedlots

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MarketsFarm — Prices for feed barley and wheat in Western Canada drifted lower during the week ended Wednesday. Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta., said a relatively milder winter across the Prairies has resulted in less consumption of feed grains in feedlots. In turn, feedlots are not purchasing as much […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Grain stocks set tone for barley, wheat

Barley expected to go bullish in April, May

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MarketsFarm — Statistics Canada’s (StatCan) grain stocks report issued earlier this week largely met trade expectations, according to Winnipeg-based independent trader Jerry Klassen. The survey-based report, which estimated the country’s grain stocks as of Dec. 31, was neutral for spring wheat, supportive of durum, and pointed toward barley being somewhat bullish come spring, he said. […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Spring wheat bids edge higher

U.S. wheat futures supportive; durum bids down

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MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, underpinned by gains in U.S. wheat futures. However, durum bids lost some ground. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by between 10 cents and $5.80 per tonne across the Prairies, according […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Prairie markets hold steady

U.S. corn imports keep lid on domestic grains

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MarketsFarm — Feed grain markets in Western Canada have seen little change over the past few weeks. Feed barley bids across Western Canada have generally held steady over the past month, with the spot market topping out at $9.58 per bushel in Alberta, according to Prairie Ag Hotwire data. Prices in Manitoba and Saskatchewan are […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Bids mixed as U.S. futures rise

Rising Canadian dollar adds pressure

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MarketsFarm — Canada Western Red Spring and Canada Western Amber Durum wheat prices declined while bids for Canada Prairie Spring Red rose during the week ended Jan. 26. Wheat futures in the U.S. fell Monday, with the March contracts on the Chicago Board of Trade (CBOT) dropping 21 to 29 U.S. cents due to spillover […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets, Spring Wheat, Winter Wheat

USDA sees little change in Australian, Canadian wheat output

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MarketsFarm — There isn’t much in the way of significant changes in the U.S. Department of Agriculture’s (USDA) attaché reports on grain production in Australia and Canada. USDA’s Global Agricultural Information Network (GAIN) office in Canberra pegged Australia’s wheat production for 2022-23 at 37 million tonnes, 400,000 more than the official USDA estimate. In comparison, […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Barley, wheat prices continue downward

Oats, canola meal also bound for feedlots

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MarketsFarm — As colder temperatures descend onto the Prairies, buying activity for feed barley and wheat was just as frigid. “A lot of guys are fairly caught up with purchasing,” said Mike Fleischhauer of Eagle Commodities Inc. in Lethbridge. “You see the prices of wheat and barley start to trickle down a little bit. Corn’s […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Prices step back

U.S. wheat futures down on week

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MarketsFarm — Wheat prices declined on the Canadian Prairies during the week ended Thursday, as a stronger Canadian dollar and losses in the U.S. wheat complex weighed on values. Pressure came from expanded all-wheat acres to be planted in the United States, 48.84 million expected in 2023 versus the 45.7 million planted in 2022. The […] Read more

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