The latest Saskatchewan feeder cattle market report says prices were mixed during the past week. Prices for steers ranged from 330 dollars 33 cents per hundredweight for the 300 to 400 pound weight category to 232 dollars 25 cents for over 900 pounds. Feeder heifer prices ranged from 259 dollars 90 cents per hundredweight for […]
Western Canadian farmers will seed more wheat and canola this spring and less peas and lentils. That was the forecast made this week by market analyst Chuck Penner with LeftField Commodity Research at the Western Canadian Crop Production Show in Saskatoon. Penner says bullish signs for wheat include the outlook for a poor winter […]
The International Grains Council is expecting world wheat production to reach 792 million tonnes in 2022-23. That is 10 million tonnes more than last year, and 14 million tonnes above the prior estimate. Global wheat consumptions remain relatively unchanged, with an increase in world ending stocks. Market analyst Marlene Boersch with Mercantile Consulting Venture […]
The latest SaskWheat outlook advises farmers to hold onto their wheat supplies for now. Market analyst Marlene Boersch of Mercantile Consulting says Russia is pricing its wheat at a huge discount to North American wheat. She says prairie farmers should sell only what they need for cash flow this fall and store the rest […]
The Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998. The central bank’s decision signals a more aggressive approach to bringing skyrocketing inflation back down to its target of two per cent. Inflation reached a 39-year-high of 7.7 per cent […]
Saskatchewan feeder cattle prices were mixed for the week ending May 27th. The latest figures from the Saskatchewan ministry of Agriculture show feeder steers in the 400 to 500 pound weight category rose 5 dollars per hundredweight to average 247 dollars per hundredweight for the week. In contrast, the 800 to 900 pound steers […]
Wheat prices are surging on world grain markets this week. Wheat futures jumped 60 cents a bushel Monday, on top of last week’s rise of more than a dollar a bushel. P.I. Financial commodity futures advisor, Adam Pukalo, says the rise reflects concern about supply after India imposed a ban on wheat exports on Friday. […]
The latest SaskWheat outlook says the Russian invasion of Ukraine has had a major impact on grain markets this past week. Market analyst Marlene Boersch with Mercantile Consulting says a best case scenario sees Ukraine and Russia out of the export market for months. The two countries account for close to one third of […]
The Saskatchewan government is closely watching events in Ukraine. Agriculture minister David Marit says the Russian invasion could have a serious impact on world markets. But he says its too early to determine what will happen with markets this spring. The Saskatchewan legislature voted unanimously in support of Ukraine this week. Marit is hoping […]
Grain markets are reflecting a lot of uncertainty this winter. FarmLink Marketing Solutions chief market analyst, Neil Townsend, says there is uncertainty in the markets, partly due to tensions between Russia and Ukraine. But he expects wheat prices could rise another 50 cents to one dollar a bushel because of strong demand this winter. Townsend […]
