20130228

Page 1

THURSDAY, FEBRUARY 28, 2013

VOL. 91 | NO. 9 | $4.25

Seed treatment reprieve? P16

SERVING WESTERN CANADIAN FARM FAMILIES SINCE 1923

|

WWW.PRODUCER.COM

SORTING THE HERD

Logan Vanderploeg, centre, sorts calves with his brother Ryan, left, and sister, Haley, at the Vanderploeg ranch east of Brant, Alta. The animals were trucked to the Highwood Livestock Auction to be sold the following day. | MIKE STURK PHOTO

Analysts see turmoil in crystal ball All depends on the weather | One broker expects ‘extremely volatile, wild, unpredictable’ prices BY ED WHITE WINNIPEG BUREAU

The prospect of normal production is spooking crop markets and turning many analysts bearish. However, people attending the Grainworld conference held Feb. 25-26 in Winnipeg heard two presentations that gave 2013-14 a big bullish spin.

“There simply is little room for errors in production,” Mike Krueger, an adviser and broker from Fargo, North Dakota, told the conference. “I think this crop’s going to stay extremely volatile, wild, unpredictable until we get to early summer and see what’s going on.” Krueger offered a wide price range guess for 2013-14, with corn $4.50 to

BULK UP NOW. EARN UP TO

$9 per bushel, soybeans $10 to $20 per bu. and hard red spring wheat $7 to $12. The low range applies to a northern hemisphere summer that receives good weather, while the high end is possible if a significant weather problem develops somewhere. The U.S. Department of Agriculture recently shocked producers, analysts and investors when it predicted 2013-

14 average prices of $4.80 per bu. for corn, $10.50 per bu. for soybeans and $7 for soft red winter wheat. That is far beneath today’s prices and much less than the extremes hit in last summer’s rally, but it is what the USDA feels is reasonable if world farmers get average weather. ANALYSTS SEE TURMOIL, PAGE 2

$1.00/ACRE MORE.

High-performance cereal herbicides. Convenient BULK UP savings. Even more Grower Dividends. Calculate your Dividends at dowagrodividends.ca today. Deadline March 20, 2013 ® TM

Trademark of The Dow Chemical Company (“Dow”) or an affiliated company of Dow. 01/13-19758-02

TandemTM, SimplicityTM, Liquid AchieveTM, AttainTM XC, OcTTainTM XL, FrontlineTM XL, PrestigeTM XC, StellarTM

REWARDING HIGHER PERFORMANCE

»

u|xhHEEJBy00001pzYv!:^ FEBRUARY 28, 2013 Return undeliverable Canadian addresses to: Box 2500, Saskatoon, SK. S7K 2C4 The Western Producer is published in Saskatoon by Western Producer Publications, which is owned by GVIC Communications Corp. Publisher: Shaun Jessome Publications Mail Agreement No. 40069240; Registration No. 10676

GRAINWORLD CONFERENCE | MARKET OUTLOOK


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
20130228 by The Western Producer - Issuu