Market Analyst Expects Wheat And Canola Prices To Rise In Saskatchewan

Aug 14, 2017

A grain market analyst is expecting this year’s record dry spell in Saskatchewan to push up wheat and canola prices during the coming marketing year.

Neil Townsend with Farmlink Marketing Solutions says drought in the U.S. has pushed up prices but there is room for more upward movement after the impact of dry weather on the Canadian harvest becomes more apparent.

“I look at the February, March, April, May period. That could be the highest transactional prices of the year,” Townsend said. “That’s when I think the difference between the futures and the cash prices will be the lowest.”

Townsend, says prices have reached a plateau for the past month. But he believes the winter months will see further movement upward, particularly for wheat and canola.

“I think we’re going to see some dynamic prices changes in the canola market,” Townsend said. ” And again, I target that period of next year. Any signs of trouble with the planting conditions, or anything like that, and I think you’re going to see really strong desire by people who use canola to have coverage.”

Source : CKRM

Video: Cleaning Sheep Barns & Setting Up Chutes

Indoor sheep farming in winter at pre-lambing time requires that, at Ewetopia Farms, we need to clean out the barns and manure in order to keep the sheep pens clean, dry and fresh for the pregnant ewes to stay healthy while indoors in confinement. In today’s vlog, we put fresh bedding into all of the barns and we remove manure from the first groups of ewes due to lamb so that they are all ready for lambs being born in the next few days. Also, in preparation for lambing, we moved one of the sorting chutes to the Coveralls with the replacement ewe lambs. This allows us to do sorting and vaccines more easily with them while the barnyard is snow covered and hard to move sheep safely around in. Additionally, it frees up space for the second groups of pregnant ewes where the chute was initially.