ICE Futures canola contracts settled with small gains on Friday, turning higher in the final minutes of trade after posting losses for most of the session. Losses in Chicago Board of Trade soyoil futures, bearish technical signals, and ample supplies in the commercial pipeline all contributed to the softer tone seen throughout the day. However, […] Read more
Stories by Commodity News Service
Rail service to Churchill set to resume as line reopens
WINNIPEG — After being shut down for 18 months, rail service to Churchill, Man., officially reopened on Nov. 1. The northern Manitoba community and deep water port on Hudson’s Bay lost its only land link to the rest of Canada in May 2017 when flooding and washouts severed the line. Omnitrax, which had owned the […] Read more
Feed grains bouncing flat across Prairies
Feed barley in Saskatchewan fell 10 cents over the past week
WINNIPEG – Dry subsoil moisture conditions and a lack of snow cover in southern Alberta and Saskatchewan continue to create worries for many farmers. Conditions range from abnormally dry in many areas to full-on droughts around Regina and some areas south of Calgary, according to the website of Agriculture and Agri-food Canada. Feed barley bids […] Read more
Canola dips under weight of Cdn dollar, U.S. soy
Winnipeg (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished weaker on Monday, weighed down by recent strength in the Canadian currency and losses in U.S. soy. The Canadian dollar continues to hang well above the US$80 cent mark, which made canola less attractive on the international market. Buying was lukewarm, according […] Read more
Trade talks in a dicey situation: Andrew Coyne
Winnipeg, Nov. 16 (CNS) – With Canada in the midst of negotiations for two trade agreements, the North American Free Trade Agreement and the Trans-Pacific Partnership, trade concerns are getting muddled, according to National Post columnist Andrew Coyne, who spoke at Grain World in Winnipeg on Nov. 15. “We need to be conscious of diversifying […] Read more
Saskatchewan harvest well ahead of five-year average
Aug. 31 CNS Canada – The Saskatchewan harvest is moving forward well ahead of the five-year average with 26 percent now in the bin, compared to 16 percent from 2012-16, according to Saskatchewan Agriculture’s latest crop report. As well, about 24 percent of the crop has been swathed or is ready to straight cut. The […] Read more
Alberta crop report: conditions still good
July 4 (CNS Canada) – The weekly overall crop condition rating in Alberta fell four percentage points to 78 percent good to excellent, according to the Alberta Agriculture crop report released June 30. That compares to the five-year average of 73 percent for the period to June 27. Rain fell through most of the Peace, […] Read more
India ready to extend fumigation exemption: memo
Winnipeg, June 29 (CNS Canada) – The Indian government appears poised to extend the June 30 deadline and further delay implementation its fumigation policy that would have serious implications for the Canadian pulse sector. The requirement for all countries including Canada to fumigate all pulse shipments to India with methyl bromide before they leave port […] Read more
Canadian ag sector equity rises 4.5% in 2016: StatsCan
June 21 (CNS Canada) – Agriculture sector equity rose slightly in 2016, according to a Statistics Canada balance sheet on the industry. Farm sector equity totaled $500.3 billion for the year ending Dec. 31. That’s a 4.5 percent increase, or $21.6 billion from the same period a year ago, according to the report released June […] Read more
Manitoba farm groups plan to work together
Winnipeg, May 2 (CNS Canada) – Five commodity organizations representing most of the crops grown in Manitoba are looking to join forces to better serve the province’s farmers, with a Memorandum of Understanding (MOU) signed on May 2 committing the groups towards working towards a merger. The involved organizations include Manitoba Corn Growers Association (MCGA), […] Read more
