The Good: Wheat markets were strong today with nearby futures moving up by 10 cents per bushel to close the day at US$5.58 per bushel. The good news is that December spring wheat futures closed above the 20 day moving average which lies at the US$5.55 per bushel level. Winter wheat futures were broadly higher with […] Read more
Stories by Bruce Burnett - Analysis
Prairie Weather
A low pressure system moving across northern Alberta is bringing showers to the northeastern regions of the province. The remainder of the Prairies is mostly dry this morning as high pressure dominates the eastern Prairies. The forecast is calling for continued dry weather in the southern and central Prairies through the remainder of the week. […] Read more
The Good, Bad & Ugly
The Good: U.S. wheat exports during the week ending on October 16 were solid at 480,614 tonnes. This pushed total exports to date to 11.92 million tonnes that have been shipped since June 1. This is the strongest export performance for U.S. wheat since the 2013-14 marketing year. The challenge for U.S. wheat exports during […] Read more
Chinese offer complicates canola marketing
China says it would eliminate tariffs on Canadian canola, canola products, peas and hogs if Canada dropped its tariff on Chinese electric vehicles
Recently the Chinese ambassador indicated that there would be a potential deal between Canada and China regarding the current tariff war.
The Good, Bad & Ugly
The Good: The corn exports last week were strong at 1.32 million tonnes during the seven days ending on October 16. This was up from the 1.2 million tonnes last week and pushed the total exports during the first nine weeks of the crop year to 9.34 million tonnes. Exports to date are the largest […] Read more
Prairie Weather
The weather pattern this morning should appear to be familiar as yet another low is pushing through the eastern Prairies. This is pushing rains into southern Manitoba and parts of northern Saskatchewan. The total amounts of rainfall from this system are expected to reach 10 to 25 mm over the next 24 hours. Dry weather […] Read more
The Good, Bad & Ugly
The Good: Wheat exports surged last week to hit a total of 710,500 tonnes which pushed crop year to date exports to a record 4.28 million tonnes. Wheat exports are running 532,600 tonnes ahead of last year at this time. The exports were primarily from West Coast terminals which shipped 513,000 tonnes during the week ending […] Read more
U.S. soy subsidies will cause lasting damage to industry
Nothing illustrates the demise of world trade agreements more than the recent dispute between the United States and China.
Prairie Weather
The second major storm system in less than a week is beginning to push through the eastern Prairies this morning. This system is moving up from the Montana’s and the western Dakota’s and is already spreading into southern Manitoba. This system will bring a rain/snow mix to eastern Saskatchewan and Manitoba over the next three […] Read more
The Good, Bad & Ugly
The Good: The good news today was that canola managed to close up by C$4.80 per tonne to settle at C$620.00 per tonne. The good news is that the November contract closed above the 20 day moving average which stands at C$614.36 per tonne. The two day rally has pushed canola to the highest close since […] Read more
