Grain Outlook

Dec
16
Following a Stats Can report that increased canola production up 3MMT, futures have held inside the top 50% of its sideways range. An increased rate hike is expected from the Fed and should put some pressure on the loonie which should then provide some ups…
Dec
14
Feedlots have achieved coverage going out to February, which on top of a bearish Stats Can report could lower barley prices $0.25-$0.30/bu over the next 6 weeks. Supply increased 1.1MMT over last years numbers according to the report which gives support to…
Nov
17
Even with lower demand starting to be seen, wheat continues to maintain firm pricing both on the feed and export side. Export typically remains strong for the first 3-4 months of a marketing year then begins to tail off, if this cycle continues demand coul…
Nov
17
Barley has recently benefited from wheat being pulled from some rations in local feedlots, increasing local demand. Currently November and December pricing has firmed up but with limited coverage needed could stall out and see bids/movement disappear. Janu…
Nov
17
Canola continues to trade sideways in a $20/MT range over the last 2 months. Recent data released by the USDA regarding a record soybean crop did little to canola technicals. The Stats Can report in the beginning of December is one to watch as this will re…
Oct
14
Since September, canola has continued to trade sideways on the futures. Currently basis levels are beginning to widen out as the supply starts to overcome demand. Average yields seen so far have been above expectation which creates the possibility for weak…
Oct
14
Local feed markets continue to be pounded with supply as cattle numbers on feed remain low. Currently, the market window has been reduced by a month compared to last year which has the potential to flatten out the market heading into the winter. Increased …
Sep
09
The price outlook for the local feed market, has switched from bullish to bearish as yields continue to exceed expectations across the province. Producers have been pleasantly surprised by yields following the difficult growing conditions this year. Recent…

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