new-crop Archives - Page 2 of 7

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

ICE weekly outlook: Canola in stratosphere as old-, new-crop gaps narrows

By GFM Network News January 27, 2022

MarketsFarm — With so many influences affecting ICE Futures canola, one trader said it’s hard to figure just where the Canadian oilseed will go. Another trader, however, said the days of canola fetching more than $1,000 per tonne for an extended period of time are pretty much over. “It’s probably the craziest period we ever […] Read more

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

Crops, Markets, Peas, Pulses

Pulse weekly outlook: Slow demand pulls down pea prices

By GFM Network News January 18, 2022

MarketsFarm — Slow demand has been behind the declines in green and yellow peas, according to Marcos Mosnaim of Mercais Commodities in Toronto. Over the last week, prices for western Canadian green peas have lost 30 cents per bushel at $14.50-$16.20 per bushel delivered, according to Prairie Ag Hotwire. Those for yellow peas have dropped […] Read more

ICE March 2022 canola (candlesticks) with 20-day moving average (yellow line) and November 2022 canola (green line, left column). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Despite declines, signs point to increases for canola

By GFM Network News January 13, 2022

MarketsFarm — Although old-crop canola was falling back midway through the week of Jan. 10, analyst David Derwin of PI Financial in Winnipeg said the oilseed should “grind higher” in weeks to come. “The fundamentals haven’t changed at all — they’re not going to get more canola out of the ground until the fall,” he […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Crops, Markets

CBOT weekly outlook: Focus shifts away from USDA supply, demand estimates

By GFM Network News August 18, 2021

MarketsFarm — Nearly a week after the U.S. Department of Agriculture’s (USDA) Aug. 12 release of its monthly supply and demand estimates, they still lingered in the minds of traders at the Chicago Board of Trade (CBOT). “Corn at $5.65 (per bushel), that’s where it’s trading right now, that is the fair market value for […] Read more

Crops, Markets

Flax prices expected to push higher

By GFM Network News July 19, 2021

MarketsFarm — Although flax prices have held pretty much steady over the last few weeks, prices will soon increase, according to Dale Johnston of Johnston Seeds at Welwyn, Sask. Johnston said prices for old-crop brown and yellow flax were presently about $24 per bushel. New-crop flax was at $18/bu. “By the time we get done […] Read more

Barley, Crops, Markets, Spring Wheat, Weather

Feed weekly outlook: New-crop prices to rise

By GFM Network News June 25, 2021

MarketsFarm — Well covered with grain for now, feedlots are beginning to set their sights on the new crop. Drought conditions on the Prairies and the U.S. northern Plains are causing new-crop feed wheat and feed barley prices to go up, according to a Saskatchewan-based trader. “Demand for old crop (is) dwindling and the focus […] Read more

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Rains, lower demand pressure grain bids

Old-crop demand 'not that strong anymore'

By GFM Network News June 4, 2021

MarketsFarm — With feedlots across Western Canada already stocked up on feed barley and wheat for their animals, reduced demand for those crops and recent wet weather have left high-delivered bids mixed. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for feed barley remained steady in Saskatchewan at $6 per bushel, went down […] Read more

ICE November 2021 canola (candlesticks) with 20-day moving average (green line) and July 2021 canola (yellow open/high/low/close). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Attention turns to new-crop canola

'Somebody's feet will be held to the fire'

By Phil Franz-Warkentin, GFM Network News May 20, 2021

MarketsFarm — Wide price swings in the nearby ICE Futures July canola contract over the past few weeks have sent most commercial trade into the new-crop November, with direction in the front month hard to predict given recent volatility. “Where (July canola) finally goes off the board, I have no idea, but I wouldn’t be […] Read more

CBOT July 2021 corn (blue high/low/close) and CBOT July 2021 wheat (red HLC). (Barchart)

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Falling futures suggest first cracks in lofty market

By Phil Franz-Warkentin, GFM Network News May 13, 2021

MarketsFarm — A sharp drop in corn and wheat futures prices at the Chicago Board of Trade over the past week could be the sign of the first cracks in the western Canadian feed grain market. That said, tight supplies and uncertainty over new-crop grain production remain supportive. “With the move on the futures market […] Read more

Barley, Crops, Markets

Feed weekly outlook: Drought, demand deplete southern Alberta stocks

By GFM Network News May 7, 2021

MarketsFarm — Prices for feed grains are continuing to go up — and with depleted stocks and dry conditions forecast for the Prairies, they are likely to rise a bit more. “There’s a shortage of corn. Corn’s at over $400 (per tonne) in southern Alberta. You’ve got barley that’s pushing over $340-$350 and that’s a […] Read more

Ag in Motion innovation awards showcase top 2025 ag technology

U.S. pulse group commits to doubling production in five years

Klassen: Western Canadian calf markets surge on New World screwworm fears

GFM Network News