Weekly Crop Market Review

  From the July 16, 2018 Issue of Agri-News
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 The Weekly Crop Market Review is one of the products created by Alberta Agriculture and Forestry’s (AF) Economics and Competitiveness Branch. Neil Blue, provincial crop market analyst with AF, explains what this one page report contains and the indicators it provides.

The report begins with a review of the week’s high, low, closing price, and change from the previous week for Canadian canola futures. It also includes U.S. wheat, corn, soybean, soybean oil, and soy meal futures.

Next in the report is the regional range of feed grain prices for the current and previous week. ”These prices come from a weekly survey of feed grain buyers and brokers across Alberta and give a good indication of the current feed grain prices and trend,” explains Blue. “It is followed by average canola crusher bids for both seed and meal, again with a comparison to the previous report week.”

The report contains average central Alberta elevator bids with a comparison to the previous week, as well as for milling wheat, Canada prairie spring wheat and feed wheat, feed oats, feed barley, canola, flax and southern Alberta durum. It includes general Alberta prices for peas, lentils and mustard, as well as U.S. cash market prices, such as milling wheat at Great Falls and Portland.

The report also features some export and crop usage numbers, including summarized versions from the Canadian Grain Commission and crop usage numbers provided by the USDA. Canadian exports levels and a comparison to year ago are included for wheat, durum, oats, barley, peas, flax and canola. Canola crushing use is also included.

“These crop year-to-date usage numbers are one of the indicators to consider in market analysis and in making marketing decisions,” says Blue. “For example as of June 24, canola export levels were running about six per cent below levels from a year ago, but that decline is partly offset by the three per cent higher crushing rate compared to last year.”

Read the Weekly Crop Market Review. To receive the email version, contact the Ag-Info Centre at 310-FARM (3276) or Neil Blue at 780-422-4053.

Neil Blue

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For more information about the content of this document, contact Neil Blue.
This document is maintained by Christine Chomiak.
This information published to the web on July 9, 2018.