The ICE Futures canola platform closed weaker, retreating from yesterday’s rally. Chicago Board of Trade (CBOT) soybean, oil and meal contracts all finished the day stronger. Soybeans found support from reports that China and the United States talked over the phone about trade. U.S. President Donald Trump also tweeted saying there had been “very productive […] Read more
Ashley Robinson
Stories by Ashley Robinson
Weak dollar supports canola
The ICE Futures canola platform finished the day stronger, supported by a weak Canadian dollar. Trading was choppy in the last few minutes before market close. The Canadian dollar fell below the 75 U.S. cents mark Monday, as tensions continue to rise over the arrest of Huawei Chief Financial Officer Meng Wanzhou last week. China […] Read more
Holiday slow season nears at MB auctions
As the fall run wraps up at Manitoba auction marts and volumes start to drop, any cattle that aren’t in top form are selling for discounts. “Guys are getting are a little fussier on the quality and the discounts for non-performing type cattle are getting a little steeper,” said Allan Munroe of Killarney Auction Mart. […] Read more
Who decides which direction grain moves?
Many variables play into how grain, shipping and railway companies determine which shipping route to take
Sometimes when you deliver grain to the elevator it’s shipped west and other times it’s shipped east. It may seem like it’s completely random but there’s a science to it that grain, shipping and railway companies do every day. This was the focus of a panel discussion entitled “Why does grain flow this way?” at […] Read morePrairie feed grain market still flat as holidays near
The flat Western Canadian feed grain market will continue for the forseeable future, but there could be slight changes around the holidays and into the New Year. “The market has been relatively flat for several weeks now and my guess is it will continue to be that way into the New Year. You may see […] Read more
Trade, weather top of mind for 2019 acres
As Canadian farmers start thinking about what to plant next spring, global trade patterns and weather will play into decision making. “It’s very difficult to decide where this all is going. That obviously also has implications on where the futures prices go and what signals the farmers are taking from that,” said Marlene Boersch of […] Read more
AGT privatization one step closer
Saskatchewan-based AGT Food and Ingredients Inc. has reached definitive agreement for taking the publicly traded company private, according to a news release. If all conditions are met the deal is expected to go through in the first quarter of 2019. The company announced Dec. 4 that a buyer group comprised of AGT President and Chief […] Read more
December StatsCan report could vary from years past
After the long drawn out harvest this fall, some analysts are predicting Statistics Canada’s final Production of Principal Field Crops numbers could vary from the usual pattern. “This is a very uncertain report because that was probably one of the most bizarre falls we’ve ever had on the Prairies,” said Ken Ball of PI Financial […] Read more
Soybeans up sharply after G20 summit
It was a volatile time for the ICE Canola market for the week ended Nov. 30, as oilseed traders anxiously awaited news from the weekend’s G20 summit in Argentina. United States President Donald Trump met with Chinese President Xi Jinping on Saturday, Dec. 1. The two reached a cease-fire agreement where they will hold off […] Read more
Oilseeds hold breath ahead of G20
The ICE Futures canola platform finished the day mixed, as oilseed traders were cautious ahead of the G20 meeting between United States President Donald Trump and Chinese President Xi Jinping. Chicago Board of Trade (CBOT) soybean, oil and meal contracts all were stronger at market close. Oilseed contracts were jittery throughout the day as traders […] Read more
