As weather warms, Russia is using wheat rather than energy to try to end economic sanctions imposed after the invasion of Ukraine. Marlene Boersh with Mercantile Consulting Venture compiles the weekly market report for the Sask Wheat Development Commission. She says Russia refused a UN request for export corridors for Ukrainian wheat shipments. Boersch says […]
Environment Canada’s senior climatologist says long-range models do not point to a repeat of last year’s drought in southern Saskatchewan. David Phillips says western areas of the province are dry and eastern areas are wet. But he says the province is approaching the rainy season of May, June and July. Phillips says the weather […]
Regina-based Farm Credit Canada is painting an optimistic picture for grain farming in 2022. FCC economist Craig Klemmer says inflationary pressures and trade tensions will need to be monitored. But he remains positive about the coming year. He says oilseed and grain prices were 20 to 30 percent higher in 2021 compared to the […]
Saskatchewan cow-calf producers are hoping 2022 will be a turnaround year for the beef industry. Throughout 2021 the weather brought a widespread drought, water and feed shortages in many areas. Canadian Cattlemen’s Association President Bob Lowe, says there was also the irritation of seeing rising beef prices in the grocery store, while bids during the […]
The president of SARM says 2021 was a challenging year for Saskatchewan farmers and rural municipalities. Ray Orb says widespread drought caused yields to be reduced significantly in many parts of the province. However, Orb says grain prices remain strong and he is optimistic farming will be better in 2022. He is hoping for timely […]
A market analyst is expecting lentil prices for Saskatchewan producers to remain relatively strong this crop year. Marlene Boersch from Mercantile Consulting says Saskatchewan will be hard-pressed to meet market demand this year because of the drought-reduced crop. India and Turkey are two of the key markets for lentils. Boersch sees little pressure on prices […]
Grain prices continued upward movement this week. Commodity futures advisor with P.I. Financial, Adam Pukalo, says November canola futures rose 42 dollars a ton this week while spring wheat futures for December gained 18 cents a bushel. He says canola futures made a recovery in price this week. On Minneapolis wheat futures, he sees it […]
The latest market outlook from SaskWheat continues to have a buoyant tone even though prices were moving downward late last week. Marlene Boersch with Mercantile Consulting says rising world demand and reduced wheat supply is positive for global wheat markets, with durum hitting record prices. She says the USDA expects wheat exports to be […]
The latest market outlook from SaskWheat says the supply of quality wheat will be low this year but there is no shortage of wheat. The outlook says the issue of quality wheat is growing because of issues in Canada, Russia and Kazakhstan. The outlook remains optimistic about spring wheat prices. Small U.S. stocks, low U.S. […]
The latest outlook from SaskWheat says there is a lot of attention on the spring wheat outlook compared to medium and soft wheats. Price spreads between classes of wheat have changed substantially. For example, the spread between Chicago wheat and Minneapolis spring wheat has moved from minus 11 cents per bushel in January to […]
