markets Archives - Page 76 of 92

ICE May 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

ICE weekly outlook: Analyst sees sharp declines coming for canola

By GFM Network News March 3, 2022

MarketsFarm — Sharp increases in canola and other commodities are said to be coming to an end, according to analyst Errol Anderson of ProMarket Communications in Calgary. Concerns stemming from Russia’s invasion of Ukraine have sparked huge gains, but there’s very likely a good amount of volatility ahead. “The market is being really driven by […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market shows resilience

By Jerry Klassen, GFM Network News March 1, 2022

Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calves in the range of 600-800 lbs. traded steady to $4 higher. Calves under 600 lbs. were $1-$2 higher in Alberta and Saskatchewan but traded $2-$3 lower in Manitoba. Alberta feedlot operators appeared to shrug off the geopolitical events last […] Read more

Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Prices steady, but changes coming

Feedlots moving to full corn rations

By GFM Network News February 25, 2022

MarketsFarm — With feed barley and wheat supplies on the verge of running out, prices remain firm, according to Mike Fleischhauer of Eagle Commodities in Lethbridge. “They’re on the positive side of stationary,” he said, noting prices could soon change following the Russian invasion of Ukraine on Thursday. “With what’s going on with Ukraine and […] Read more

An ammonia and nitrogen fertilizer plant in Russia. (Saoirse_2010/iStock/Getty Images)

Crops, Markets, Reuters

Vilsack hopes fertilizer firms don’t take advantage of Ukraine crisis

By Reuters, GFM Network News February 24, 2022

Washington | Reuters — U.S. Agriculture Secretary Tom Vilsack said Thursday he hoped fertilizer and agriculture supply companies affected by the Russian invasion of Ukraine would not take unfair advantage of the situation, amid already-high fertilizer and crop prices. Fertilizer costs have soared due to rising demand and lower supply as record natural gas and […] Read more

ICE May 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola finding plenty of support

By Phil Franz-Warkentin, GFM Network News February 24, 2022

MarketsFarm — ICE canola futures climbed to fresh contract highs during the week ended Wednesday, as activity in outside markets and canola’s own tight supply situation provided support. “Outside forces help it, but there are also things unique to the canola market that are supportive,” said David Derwin, commodities investment advisor with PI Financial in […] Read more

File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Crops, Markets, Peas, Weather

Pulse weekly outlook: Four factors to consider before going with peas

By GFM Network News February 22, 2022

MarketsFarm — There are four factors to consider before deciding whether to plant dry peas this spring, according to Darryl Domitruk, executive director of Manitoba Pulse and Soybean Growers at Carman, Man. The first is field selection, as peas need to be planted with less residuals such as nitrates, Domitruk said. “Pulses manufacture their own […] Read more

Crops

Rising prices could lead to more mustard acres

By GFM Network News February 22, 2022

MarketsFarm — A further tightening in Canada’s mustard supply is the main culprit in recent price spikes for the seed. Yellow mustard in Western Canada has a high-delivered bid of $1.61/lb., up 10 cents from last month and $1.18 higher than last year, according to Prairie Ag Hotwire data. Over the past month, the high-delivered […] Read more

Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Big demand lacking for barley, wheat

By GFM Network News February 18, 2022

MarketsFarm — Prices for feed barley have swung a little higher over the last week — but it’s not due to feedlots needing a lot of the cereal, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Barley prices, he said, were $420-$424 per tonne delivered into Lethbridge, with offers as high as $445 […] Read more

General, Machinery, Markets

Gasoline, diesel prices set to continue rising

By GFM Network News February 17, 2022

MarketsFarm — The steady rise in crude oil prices is based on three factors, according to Tom Kloza, global head of energy analysis for Oil Price Information Service at Lakewood, N.J. One of those factors is the amount of crude oil produced by members of the Organization of Petroleum Exporting Countries (OPEC), along with some […] Read more

ICE March 2022 canola (candlesticks, right column) with November 2022 canola (yellow line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Rangebound canola market consolidating

By Phil Franz-Warkentin, GFM Network News February 17, 2022

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday before uncovering some support, as the commodity remained stuck in a range after trending higher for most of the past year. “Canola is caught in a rangebound, consolidation phase,” said MarketsFarm Pro analyst Mike Jubinville. The relative stability in canola, he said, […] Read more

Feed Grain Weekly: Barley, wheat competing with U.S. corn

China to reduce pig herd amid low consumer demand

U.S. cattle ranchers slowly start to rebuild decimated herd

GFM Network News