new-crop Archives - Page 4 of 7

CBOT weekly outlook: Crop futures in all directions

By GFM Network News March 18, 2021

MarketsFarm — Chinese sales of corn and a recent run of good weather in the U.S. are affecting futures on the Chicago Board of Trade (CBOT) Wednesday, according to a broker. Ryan Ettner of Chicago-based Allendale Inc. said recent purchases of old-crop corn from China are supporting prices, while prices for new-crop have stayed relatively […] Read more

ICE March 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Profit-taking to pressure canola

Market appearing overdone

By Phil Franz-Warkentin, GFM Network News February 25, 2021

MarketsFarm — ICE Futures canola contracts climbed to record highs during the week ended Wednesday as concerns over tightening old-crop supplies provided support. However, the market was looking overdone to the upside and profit-taking came forward to put some pressure on values. “The traders that are still long are playing the game of forcing the […] Read more

CBOT November 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans rise as USDA projects tight supplies into 2022

Wheat slumps on profit taking, nearby corn also slips

By GFM Network News February 20, 2021

Chicago | Reuters — U.S. soybean futures firmed on Friday after the U.S. Department of Agriculture (USDA) forecast domestic supplies of the oilseed would remain historically tight into 2022 despite its projection for a record-large harvest this autumn. Corn futures were mixed, with nearby contracts slipping from earlier highs on profit-taking ahead of the weekend, […] Read more

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Barley, Crops, Markets, Reuters

China’s appetite for feed barley sucks in new crop from Canada, France

Tariff on Australian barley favours other suppliers

By GFM Network News February 3, 2021

Paris | Reuters — China’s buying spree of French and Canadian barley is spilling into the 2021-22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help feed a pig […] Read more

ICE March 2021 canola (candlesticks) with Bollinger bands (20,2) and 100-day moving average (green line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola entering uncharted waters

By Phil Franz-Warkentin, GFM Network News January 28, 2021

MarketsFarm — ICE Futures canola contracts climbed sharply higher in the front months during the week ended Wednesday, hitting their highest levels since 2008. The March contract settled Wednesday at $717.80 per tonne, marking the first close above the $700 per tonne level since March 2008. “Everybody is long, and everybody won’t make a profit […] Read more

Barley, Crops, Markets

Feed weekly outlook: Offshore demand still lifting Prairie barley

By Phil Franz-Warkentin, GFM Network News January 21, 2021

MarketsFarm — Solid offshore demand for Canadian barley remains the key driver in the domestic feed market, keeping prices high. “It’s certainly not driven by southern Alberta, it’s driven by Vancouver and the export business,” said Allen Pirness, of Market Place Commodities in Lethbridge, on the continued strength in barley bids. Typically, arbitrage opportunities would […] Read more

Barley, Crops, Markets

Feed weekly outlook: Barley finds support in lull between old, new crops

By Phil Franz-Warkentin, GFM Network News September 10, 2020

MarketsFarm — Feed barley bids in Western Canada are seeing some modest strength in early September, as old-crop supplies run out and the new crop is not yet available. “Prices have definitely gone up this past week,” said Mike Fleischhauer of Eagle Commodities at Lethbridge. Expectations for a good 2020 crop had farmers making space […] Read more

Crops, Markets

StatsCan stocks report shows lower lentils, durum, canola

Lentil supply picture 'extremely tight'

By GFM Network News September 4, 2020

MarketsFarm — Statistics Canada’s stocks of principal field crops report detailed tight ending stocks for lentils durum and canola. As of July 31, lentil stocks totalled just 61,000 tonnes, down by 91.5 per cent from last year. Exports were up by over 30 per cent year-over-year, which accounted for some of the decrease. “It’s an […] Read more

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Grain prices soften into fall

By GFM Network News August 28, 2020

MarketsFarm — Old-crop feed grain prices are converging with new-crop and coming under some seasonal pressure. “As we get closer to new crop, we’ve been seeing the switch to new-crop prices from old-crop,” said Erin Harakal, a senior trader with Agfinity in Lethbridge. Feed barley prices are around $195-$200 per tonne delivered in the Lethbridge […] Read more

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

Crops, Markets, Peas

Pea crops strong, but prices falter

By GFM Network News August 12, 2020

MarketsFarm — Pea crops across the Prairies are expected to be in good condition ahead of the harvest. “As we go along with the sunshine and heat, the pulses are coming in fairly quickly,” said Darwin Hamilton of Kalshea Commodities in Winnipeg. “Without any excess moisture, the quality should be good this year.” Pea prices […] Read more

U.S. livestock: New contract highs for live cattle

CBOT Weekly: Grain prices showing weakness

Manitoba Crop Report: More scattered rains across the province

GFM Network News