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Crops, Markets, Spring Wheat

Prairie cash wheat: Bids up in early November

U.S. wheat futures up on week

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MarketsFarm –– Spring wheat bids in Western Canada moved higher during the week ended Thursday, as gains in U.S. futures provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were up by $8.80-$10.10 per tonne across the Prairies, according to price quotes from a cross-section of delivery points compiled by PDQ […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Buyers contemplate feeder market prices

In adverse weather, sale results vary

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Compared to last week, western Canadian yearling markets traded $3-$5/cwt lower on average although limited numbers made the market hard to define. Calf markets traded $4-$8/cwt on either side of unchanged. It appeared that 700-plus-lb. calves were up $4 to as much as $8. The variation in the price structure was due to the adverse […] Read more
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Crops, Markets, Spring Wheat

Prairie cash wheat: Weaker U.S. values pull down Canadian prices

Lower export sales drag on U.S. wheat

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MarketsFarm — Wheat prices across the Canadian Prairies fell back during the week ended Nov. 2, with losses in Canada Western Red Spring and Canada Prairie Spring Red wheats, while those for Canada Western Amber Durum were mostly lower. The U.S. wheat complex lost ground during the week, due in part to lacklustre export sales. […] Read more
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Barley, Crops, Markets

Feed weekly outlook: Prices to continue slipping back

Feedlots covered for now

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MarketsFarm — Feed prices are set continue grinding lower for the balance of 2023, “as domestic end users are covered,” according to Jim Beusekom, president of Market Place Commodities in Lethbridge. Beusekom pointed to the amount of contracted corn being imported from the United States as well as better-than-expected yields across the Prairies this harvest. […] Read more
A sea otter floats near the Columbia Glacier along Alaska’s southern gulf coast. (Chansak Joe/iStock/Getty Images)
General, Weather

Prairie Forecast: Nice, quiet early-winter weather

Issued Nov. 1, covering Nov. 1 to 8

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Interesting weather pattern setting up across the Prairies during this forecast period. Well, maybe “interesting” isn’t the right word; “boring” might be a better one. What I mean by “interesting” is just how quickly we swung from a warm fall pattern to a cool winter pattern. Low temperatures across the Prairies over the last week […] Read more
Long-range outlook points to warmer winter
General, Weather

Long-range outlook points to warmer winter

Odds less likely for Prairies next three months

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MarketsFarm — Warmer than normal temperatures are expected across nearly all of Canada this winter, with average precipitation for most of the agricultural areas of the Prairies. The latest long-range seasonal forecast from Environment Canada, released Tuesday, calls for a 40 per cent chance of above-normal temperatures from November through January across most of Alberta, […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Canadian feeder market holds value despite weaker futures

Weaker loonie offers support

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Compared to last week, western Canadian yearling prices traded $3-$5 lower while calf values were relatively unchanged. The market was slightly softer early in the week. On Wednesday, Alberta packers renewed fed cattle bids similar to week-ago levels and the aggressive buying lifted calf prices back up to levels similar to seven days earlier. Adverse […] Read more
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General, Weather

Prairie Forecast Update: Warmer air not in the cards

Issued Oct. 29, covering Oct. 29 to Nov. 1

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The forecast for this period has been playing out pretty close to what the weather models were predicting, but with a few small differences. For Alberta, the forecasted upper ridge does not look like it will get nearly as strong as originally forecasted as a strong northwesterly flow helps to flatten the ridge. This means […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids book week of losses

U.S. wheat futures down on week

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MarketsFarm — Western Canadian wheat bids took a tumble with durum prices having the largest losses during the week ended Oct. 26. U.S. wheat futures were pressured throughout the week as rains fell on winter wheat-growing areas in the country, as well as in Argentina, Ukraine and Australia. Export sales for U.S. wheat were lower […] Read more

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