AGT Food and Ingredients is continuing to make progress on its drive to privatization. Murad Al-Katib, the company’s president and chief executive officer, said in an interview following his keynote address at Grain World on Nov. 14 in Winnipeg that an independent committee had yet to make a final decision on a proposal but it […] Read more
Ashley Robinson
Stories by Ashley Robinson
Soy upside boots canola
The ICE Futures canola platform were stronger at market close, finding spillover support from the soybean market. Chicago Board of Trade soybean, oil and meal contracts were all higher too, with soyoil up more than half a cent per pound. Oilseed traders are still awaiting the results of the meeting between United States President Donald […] Read more
Canola at mercy of U.S. soy market
The ICE canola market is currently at the mercy of the soybean market as it awaits this week’s G20 meeting between Chinese President Xi Jinping and United States President Donald Trump. “We’ve got the big pop in the soybeans in anticipation of some positive developments at this weekend’s G20 meetings…we are getting some lift here,” […] Read more
Oils rebound after Monday’s drop
The ICE Futures canola platform were stronger at market close, rebounding after Monday’s losses. Chicago Board of Trade soybean, oil and meal contracts all finished the day in green too, regaining after yesterday’s sharp declines. While canola regained some of its losses, the technical bias is still pointed lower overall. Oilseed traders are still awaiting […] Read more
MB cattle prices drift closer to Prairie counterparts
Prices for cattle at Manitoba auction marts are starting to settle closer to their Western Canadian counterparts after riding a high throughout most of the fall run. “It looks like we’ve hit the peak. It has come and gone here. (Run) numbers are still quite good (though),” said Rick Wright of Heartland Order Buying. A […] Read more
Plunging soy undermines canola
The ICE Futures canola platform finished the day weaker, dragged down by a plunge in the soy complex. Chicago Board of Trade soybean, oil and meal contracts dropped significantly during the day. Uncertainty over China and United States trade relations and forecasts for record Brazilian soy production dragged contracts down. Traders are awaiting the outcome […] Read more
Pre-booked corn pushes out barley, wheat
Downgraded domestic grain hits the market, but most Alberta feedlots had already ordered their corn supplies
Cattle in southern Alberta’s “feedlot alley” won’t be seeing corn leave their diets any time soon, according to one feedgrain buyer. “The marketplace booked up a fair bit of corn in advance of it, so through September, December and even out into March,” said Dave Guichon, owner of the AgValue Group in Calgary. “So that’s […] Read more
China starting to hold cards on U.S. dispute
Traders aren’t expecting much to move the corn and soybean markets in the upcoming weeks, as the United States moves into holiday mode. “These markets are going to just be very choppy and of course we’re going into December and nobody likes to work (during the holiday season). There’s more parties, Washington goes on Christmas […] Read more
Prairie fababean market spikes with global production issues
Fababean prices in Western Canada have seen a boost lately due to global production problems, however according to a buyer this is a temporary situation. “Over the last 45 days we’ve saw this market spike, we’ll call it a buck a bushel that we’ve seen that increase from where we would typically would expect this […] Read more
Saskatchewan and Alberta to lead economic growth
While overall the Canadian economy is operating past capacity there are still a few provinces that have an opportunity to grow, mainly Saskatchewan and Alberta, according to an analyst. “(Saskatchewan and Alberta) have not recovered from the earlier downturn and that’s in contrast to provinces such as Ontario and BC that are operating at, if […] Read more
