prices Archives - Page 124 of 141

A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)

CBOT weekly outlook: High U.S. corn prices cut into ethanol production

By GFM Network News March 4, 2021

MarketsFarm — Upcoming reports from the U.S. Department of Agriculture are expected to steer Chicago Board of Trade (CBOT) futures, at a time when high corn prices in the U.S. may be cutting into ethanol production in that country. According to the U.S. Energy Information Administration’s report released on March 3, 849,000 barrels of ethanol […] Read more

Crops, Lentils, Markets

Pulse weekly outlook: Turkey’s record-level lentil imports expected to decrease

Country's domestic acreage expected up in 2021

By GFM Network News March 3, 2021

MarketsFarm — Canadian lentil exports to Turkey reached unprecedented numbers in 2020. According to Statistics Canada data, Turkey imported 534,160 tonnes worth $355 million during the calendar year, making it the second-largest buyer of Canadian lentils behind India. Last year’s total nearly equalled the amount of lentils Canada exported to Turkey over the previous three […] Read more

Crops, Markets

Sunflower seed market falls back to Earth

By GFM Network News March 2, 2021

MarketsFarm — Sunflower growers in Canada took off a bumper crop in 2020, almost hitting the 100,000-tonne mark for the first time since 2010. The forecast for this year’s crop isn’t as sunny. Agriculture and Agri-Food Canada’s latest outlook, released earlier this month, predicts the national sunflower seed crop in 2021 at 75,000 tonnes off […] Read more

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Barley, wheat at par in Alberta

Demand also seen for heated canola

By GFM Network News February 25, 2021

MarketsFarm — Prices for feed barley and wheat are running about the same, from where Susanne Leclerc sits at Market Master Ltd. in Edmonton. Barley and wheat going into central Alberta were both running at $315 per tonne, she said. “We’re seeing buyer strength gaining coverage for the summer,” she said, but noted trading activity […] Read more

(Photo courtesy Canary Seed Development Commission of Saskatchewan)

Crops

Canary seed competing with other crops on the rise

'There's a fight for acreage'

By GFM Network News February 25, 2021

MarketsFarm — During the fall of 2020, canary seed crossed above the 30 cents per pound mark — where it’s currently staying. And those who work with the crop expect its price to remain above that mark this year. David Nobbs, pulse merchant for Purely Canada Foods at Saskatoon and former chair of the Canary […] Read more

Red lentils. (Photo courtesy U.S. Dry Pea and Lentil Council)

Crops, Lentils, Markets

Pulse weekly outlook: Lentil prices increase

By GFM Network News February 24, 2021

MarketsFarm — Lentil prices have been increasing over the last week, making gains of one to five cents per pound depending on the type, according to Prairie Ag Hotwire. “There’s a huge demand on everything right now. The lentil market is strong just like the yellow peas,” Allan Johnston, president of Johnston Grains at Welwyn, […] Read more

Tom Vilsack speaks to farmers at a rural agricultural co-operative at Guira de Melena in Cuba on Nov. 13, 2015. (Photo: Reuters/Alexandre Meneghini)

General, Markets, Reuters

U.S. Senate confirms Vilsack as Biden’s ag secretary

Pandemic leaves USDA 'a lot of work to do'

By Tom Polansek, GFM Network News February 24, 2021

Reuters — The U.S. Senate on Tuesday confirmed Tom Vilsack to head the Department of Agriculture, returning the former Iowa governor to the job he held under ex-President Barack Obama. The 100-member Senate approved Vilsack 92-7. He needed a simple majority in the Democratic-controlled chamber to be confirmed. As secretary of the sprawling department, Vilsack […] Read more

Finishers, Livestock, Markets

Klassen: Feeder cattle demand surges

Cow-calf producers already thinking spring

By Jerry Klassen, GFM Network News February 23, 2021

Compared to last week, western Canadian yearlings sold $3-$5 higher while calves traded $6 to as much as $10 higher. The return of moderate temperatures enhanced buying enthusiasm across the Prairies. Strength in deferred live cattle futures appeared to offset strong feed grain values. Yearling prices were rather soft through January and the first half […] Read more

Crops, Markets, Reuters

Nutrien beats profit expectation on strong potash sales

By Reuters, GFM Network News February 18, 2021

Reuters — Canadian fertilizer maker Nutrien posted fourth-quarter profit above analysts’ estimates on Wednesday as potash demand rose amid rising crop prices, sending its U.S.-listed shares up in extended trade. Fertilizer producers have benefited from high U.S. crop exports, including record-large corn sales to China. With crop prices touching multi-year highs, farmers are poised to […] Read more

Crops, Markets

Mustard growers face decision time

AAFC projects more acres in 2021-22

By GFM Network News February 17, 2021

MarketsFarm — For Canadian mustard seed growers, next month will be crucial in learning whether seeding predictions from Agriculture and Agri-Food Canada come to fruition. Current mustard seed prices, though, seem to support a rise in the number of acres this coming crop year. Canadian farmers in 2020 grew 99,000 tonnes of mustard seed, the […] Read more

U.S. livestock: Cattle futures hit new highs on resilient consumer demand

Corteva raises annual profit forecast after strong first-half performance

U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds

GFM Network News