Following the snow in parts of Alberta on Monday, weather models are indicating the 2014 growing season will likely come to an end across much of Western Canada this week. It’s not what any farmers want to hear, but the first widespread killing frost is expected to arrive over the next few nights, says Drew Lerner,… Read More
Category: Markets
Coming off the long weekend in North America, the grains market started the month of September trying to hold onto higher levels on varying weather affecting crop development and the situation continuing to unfold in eastern Europe. While reports vary on a proposed ceasefire between the Ukrainian army and pro-Russian separatists, the latest rumour to… Read More
It appears demand for beef has remained strong despite the high prices at the meat counter. As part of the latest RealAg Beef Market Update, Shaun Haney and Anne Wasko of Gateway Livestock Exchange discuss the recent rally in cattle futures and how demand for beef has held. “All the proteins have moved higher. Pork is… Read More
ICE Futures Canada has made some small changes to its canola, durum, milling wheat and barley contracts following the challenges with rail service over the last year. A notice sent to market participants on Thursday outlined several amendments regarding shipping that apply in instances where there could be physical delivery against a contract. President and Chief Operating… Read More
It’s not something that’s been said often in the last decade, but now is a great time to be in the cow-calf business, as cattle producers are seeing all-time record high prices. “We’re running about 60 cents to a dollar a pound higher than we were last year at this time,” says Rick Wright, the… Read More
There’s less canola and wheat left from last year’s bumper crop than traders and analysts thought, according to the Statistics Canada stocks report released on Friday morning. Wheat stocks as of July 31st were pegged at 9.8 million metric tonnes, up 94 percent from the same time last year, but generally below expectations. Canola supplies… Read More
By Larry Martin As this is written, December corn futures have traded in a range between US $3.81 and $3.58 for six weeks, since mid-July. This range came after a precipitous drop from the $5.00 area in April and May. Everyone is trying to guess where the market’s going from here. Of course no one… Read More
The grain company evolving from the former Canadian Wheat Board has announced construction of its third new elevator in Western Canada. CWB says it’s beginning construction on a 42 thousand metric tonne elevator at Pasqua, Saskatchewan — approximately 10 kilometres east of Moose Jaw on Highway 39. The facility will be adjacent to the CP… Read More
While oat supplies will be tighter than normal this year, problems getting the crop to market continue to put downward pressure on cash bids in Western Canada. “Oats is going to remain a tight supply, tight shipping market,” says Lorne Boundy, a Winnipeg-based oat merchandiser with Paterson Grain, in the following interview. The federal government’s… Read More
Hog prices have dropped sharply since hitting record highs in the middle of July. It turns out PED (porcine epidemic diarrhea) virus took a smaller toll on U.S. hog supplies than was expected, explains Tyler Fulton, director of risk management for Manitoba-based Hams Marketing Services, in the interview below. Fulton says traders were expecting an 8-10… Read More