While the number of CWRS wheat acres on the prairies is expected to drop by around 1.5 million, the trend toward more growing more high-yielding wheat varieties will continue, according to the general manager of FarmLink Marketing Solutions. Meanwhile, pea and lentil acres are expected to rise dramatically (surprise!), but seed supply will be a... Read More
Category: Markets
Grains continued to trade sideways to lower through the end of February as the data points that keep coming do not support a reversal of the bearish market fundamentals. The market is taking into account more crop conditions from Europe and South America, while adjusting for the new forecasts for U.S. grain supply, demand, and... Read More
Grains this morning were able to make some gains on short-covering and more weather headlines scaring the bears away. Drew Lerner of World Weather Inc. says that the longer it takes for El Nino to dissipate, the likelier that we’ll see a drier spring in western areas of the Canadian Prairies. Conversely, Lerner suggested that... Read More
Oat futures in Chicago have fallen steadily since early December, dropping to their lowest level in over five years. "They just happen to be one of the uglier (markets) at the moment, both old crop and new crop. We've seen oat futures collapse quite quickly," says Lorne Boundy, oat trader with Paterson Grain. "They've actually... Read More
Grains this week followed the rest of the commodity and equity space lower, despite the U.S. Dollar losing more than 1% for the second week of February. Some short covering towards the end of the week helped soybeans stay in the green, but all other grains listed on the board dropped. Canola was a notable... Read More
It's another year of opportunity for barley, says the barley merchandising manager for Viterra. After declining for much of the past decade, the number of barley acres in Western Canada rose slightly in 2015 and is expected to grow again in 2016. Agriculture and Agri-Food Canada's preliminary projection has barley acreage rising by two percent.... Read More
Cattle prices may not be where they were a year ago, but ranchers are generally still an optimistic bunch at current levels. Anne Wasko of Gateway Livestock joins us in the middle of her busy winter meeting circuit for this latest edition of the Beef Market Update. Domestically, the volatile Canadian dollar continues to play... Read More
Grains this week were mostly lower as realities about supply continue to trump ideas of fresh demand. The U.S. dollar lost 2.7% for the week, which helped other commodity currencies appreciate. Weather kept to the sidelines for the most part, indicating fluctuations in currency are certain to be the theme into spring. Oil World is... Read More
The winds of change have blown through Canada. No longer is Alberta on top of the Canadian economic machine. Ontario is no longer the manufacturing super power. The word 'Conservative' cannot be found in the name of any governing provincial party and no one is joking about the attitude of Saskatchewan. "Excellence is not a... Read More
A new report commissioned by SaskCanola says there would be no net benefit to producers from implementing a component pricing system that offers premiums or discounts based on canola's oil content. "There was some discussion a few years ago when crush margins were widening — are farmers receiving a fair amount for the canola they're... Read More