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Faba Bean Feed Benchmark

 
Corn, feed wheat and barley prices were all up $10-15 across the Prairies driven by higher cash corn values and concerns over lack of planting progress both in Canada and the US for the upcoming crops.
 
Corn DDGS followed the main commodities, increasing by $10-20 in all provinces. A late report out of Argentina detailing a drop in that country’s soybean harvest coupled with slow planting progress in the US caused meal prices to surge by $20-25/T across the west.
 
Canola meal values meanwhile held steady over the past two weeks. Feed peas traded in the 255-260 range in Saskatchewan, 265 in Alberta, and 265-270 in Manitoba.
 
Source : Albertapulse

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Wheat Futures Head for the Moon on Escalating Drought Concerns

Video: Wheat Futures Head for the Moon on Escalating Drought Concerns


???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.