Insights and Stories of Glen Hallick - MarketsFarm

Feb. 24, 2021 at 8:09 pm CST

MarketsFarm — Grain movement in Western Canada remains faced with significant difficulties, according to Mark Hemmes, president of Quorum Corp., which monitors rail traffic and vessel movements in Canada. February’s cold snap resulted in grain movement across the region falling below its three-year average. The most pressing issue has been […]

By Glen Hallick - MarketsFarm

Feb. 23, 2021 at 8:05 pm CST

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 […]

By Glen Hallick - MarketsFarm

Feb. 17, 2021 at 7:54 pm CST

MarketsFarm — ICE Futures’ March canola contract doesn’t have too much to do with the price of the Canadian oilseed directly now but still can influence prices in coming days, according to Keith Ferley of RBC Dominion Securities in Winnipeg. Open interest in the March contract was around 15,000 as […]

By Glen Hallick - MarketsFarm

Feb. 12, 2021 at 8:26 pm CST

MarketsFarm — Expect fertilizer prices to resume increasing, despite having fallen back recently. Prices began their sharp rise around the middle of December and beginning of January. “They will go higher as demand goes up at seeding time,” Mike Jubinville of MarketsFarm Pro in Winnipeg said. Jubinville reported urea prices […]

By Glen Hallick - MarketsFarm

Feb. 9, 2021 at 6:19 pm CST

MarketsFarm — Corn prices on the Chicago Board of Trade immediately turned sour after Tuesday’s release of the monthly supply and demand report from the U.S. Department of Agriculture. By the time trading closed for the day, soybeans had recovered from losses incurred shortly after the report’s release to finish […]

By Glen Hallick - MarketsFarm