markets Archives - Page 63 of 92

Yellow peas. (Victoria Popova/iStock/Getty Images)

Pulse weekly outlook: AAFC report makes minor changes

Revisions mainly in dry peas, chickpeas

By GFM Network News February 21, 2023

MarketsFarm — Following the latest supply and demand estimates from Agriculture and Agri-Food Canada (AAFC), MarketsFarm Pro analyst Mike Jubinville said their numbers “all seem reasonable enough.” There were only a handful of small tweaks to pulses in the AAFC report released Friday. For the most part, the revisions came with dry beans and chickpeas. […] Read more

Cereals, Crops, Markets

Feed weekly outlook: Grain bids quietly drift lower

Oats still making their way into feedlots

By GFM Network News February 16, 2023

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

ICE March 2023 canola with Bollinger bands (20,2). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola drifting lower

Near-record soy still expected from South America

By Phil Franz-Warkentin, GFM Network News February 15, 2023

MarketsFarm — ICE Futures canola contracts drifted lower during the week ended Wednesday, although values remained rangebound overall. “The market is maybe coming to the realization that we still have near-record South American (soybean) supplies on hand,” Ken Ball of PI Financial in Winnipeg said of the downtrend. While Argentina has suffered crop losses from […] Read more

Humanitarian aid provided by Palestinian Arabs is distributed at northwestern Syria’s Deir Ballut and Muhammadiyah camps near the Turkish border on Feb. 13, 2022. (Photo: Rami Alsayed/NurPhoto via Reuters)

Crops, Markets, Pulses

Pulse weekly outlook: Earthquake to have little effect on pulse markets

Such disasters don't often blow back on agrifood commodity costs

By GFM Network News February 14, 2023

MarketsFarm — The earthquake that devastated parts of Turkey and Syria on Monday last week, taking the lives of more than 40,000 people, may not have a major effect on pulse markets, according to one analyst. Jon Driedger from Leftfield Commodity Research in Winnipeg said that while natural disasters like an earthquake can take on […] Read more

Barley, Crops, Markets, Spring Wheat

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

Barley expected to go bullish in April, May

By GFM Network News February 9, 2023

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

File photo of a flax field in Russia. (Ukususha/iStock/Getty Images)

Crops, Markets

Price drop not enough to lift demand for Canadian flax

Russia, Kazakhstan competitive in export markets

By GFM Network News February 3, 2023

MarketsFarm — While flax prices in Western Canada have fallen by at least half from what they were one year ago, they are still too high to be competitive on a global level, according to one flax processor. Mike Popowich, owner and vice-president of TA Foods Ltd. at Yorkton, Sask., said demand for the crop […] Read more

Cereals, Crops, Markets

Feed weekly outlook: Prairie markets hold steady

U.S. corn imports keep lid on domestic grains

By Phil Franz-Warkentin, GFM Network News February 3, 2023

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

ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Choppy trading for canola, other oilseeds

Signals not pointing to course change for now

By GFM Network News February 2, 2023

MarketsFarm — Expect canola and other oilseed markets to remain choppy for the time being, according to trader Ken Ball of PI Financial in Winnipeg. “All of the markets are very choppy and erratic. They’re very nervous markets,” Ball emphasized, noting war in Ukraine and drought in Argentina are having some of the biggest impacts […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market percolates higher amid finicky buyers

Ontario feedlots bring demand for West's calves

By Jerry Klassen, GFM Network News February 1, 2023

Compared to last week, western Canadian feeder cattle markets traded steady to $4 higher on average. Certain pockets in Manitoba and eastern Saskatchewan had steer calves up $4-$8 from week-ago levels. Alberta values were relatively unchanged from seven days earlier on all weight categories. Steady demand was noted from Ontario feedlots for calves while Alberta […] Read more

Crops, Lentils, Markets

Pulse weekly outlook: India looking for lentils, large Australian crop in play

India extends zero-rate tariff

By Phil Franz-Warkentin, GFM Network News February 1, 2023

MarketsFarm — An extension of zero-rate tariffs on lentils moving into India for another year should be a clear sign that the country is in the market for imports. However, Canadian lentil sales to India face stiff competition, with a large Australian crop likely to limit movement going forward. India announced at the end of […] Read more

U.S. livestock: Cattle, hogs make gains

U.S. grains: Soybeans rally after Trump urges China to buy more U.S. beans

Fruit and Vegetable Growers of Canada appoint policy lead

GFM Network News