WINNIPEG – The cattle market in Manitoba has been busy since the start of the year, with prices surprising in some cases, according to a buyer. “We’ve saw since Christmastime a significant increase in the culled cow prices, the Canadian packers have upped their cow kill by quite a bit and demand was considerably stronger […] Read more
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Chinese tension’s effect on canola uncertain
Continuing lack of trade data from the U.S. Department of Agriculture due to government shutdown also worries market
At first glance it seems quiet in the ICE Futures canola market. It’s winter, cold out and there’s not much happening. But below the surface it’s more than meets the eye. The ICE Futures canola market finished the week of Jan. 18 slightly higher after dipping during the middle of the week. The Chicago Board […] Read moreFertilizer merger shows few impacts so far
Farmers say they will learn this spring when they go to pick up fertilizer if the changes helped to improve wait times
WINNIPEG — A year following the massive merger of fertilizer giants Agrium and Potash Corp. of Saskatchewan, the sector appears to be moving ahead with few differences. When the new company Nutrien was formed in early 2018 to become the world’s largest fertilizer company, people in Western Canada were cautious and didn’t know what to […] Read moreBrazil and China driving U.S. commodity markets
WINNIPEG – With little data filtering out of the United States Department of Agriculture (USDA), news from Brazil and trade negotiations with China, are currently driving futures contracts on the Chicago Board of Trade (CBOT). “It’s Brazilian weather over there and the Chinese negotiations, which sometimes are on and sometimes aren’t,” said Jack Scoville of […] Read more
New health guide includes lentils and peas as protein suggestions
WINNIPEG – Health Canada has unveiled its new food guide, which switches the focus from portion sizes to a balanced diet and includes protein from sources like peas and lentils. For the Canadian pulse crop industry, it’s a narrative they’ve been sharing for years. “(The new food guide is) also sort of a realization that […] Read more
Canola holds despite China worries
Winnipeg – The ICE Futures canola contacts finished the day stronger, despite continuing concerns about China. There is ongoing concern from traders that China/Canada relations are affecting canola exports, with China lowering purchases. The latest Canadian Grain Commission data this morning showed canola exports are at 4.628 million tonnes, down from 5.057 million tonnes at […] Read more
Lower dollar boosts canola
Winnipeg – The ICE Futures canola contacts finished the day stronger, finding support from a weaker Canadian dollar. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all stronger. Soyoil contracts were up sharply, which was supportive for canola contracts. There is still concern though about China/United States relations. While China has confirmed […] Read more
Prairie feed grain prices stable during mild winter
WINNIPEG – With the mild winter Western Canada has been experiencing, feed grain buyers expect prices should stay quiet for the next while. “I would say the buyers have adequate coverage for Jan., Feb., even a bit of March. And I would say we maybe have seen the (barley) price soften up a bit,” said […] Read more
Concerns over China affecting canola
Winnipeg – The ICE Futures canola contacts finished the day stronger, bouncing back from Tuesday’s losses. Chicago Board of Trade soybean contracts were mixed, oil contracts were slightly weaker and meal contracts stronger. The soy complex had been stronger earlier in the day, but retreated towards unchanged following Tuesday’s comments from United States Trade Representative […] Read more
Canola dips below $480 in trade
Winnipeg — The ICE Futures canola contacts finished the day weaker, trading below the C$480 per tonne mark during the session. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all down too. There is concern about waning Chinese interest for United States soybeans. Many traders are thinking China is done purchasing U.S. […] Read more
