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: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.