WINNIPEG – Canada and the United States are scheduled to be at the World Trade Organization’s Committee on Agriculture (COA) this week. The countries have demanded India live up to its commitments it made to the WTO, said Pulse Canada Chief Executive Officer Gordon Bacon. Last week, Canada co-sponsored an U.S. counter notification that questioned […] Read more
Stories by Commodity News Service Canada
National Weather Service reports high risk of Red River spring flood
WINNIPEG – As most of Western Canada continues to brace for frigid temperatures, some in Southern Manitoba are already preparing for a messy spring. On Feb. 21, The U.S. National Weather Service reported that the Red River is in danger of significant flooding due to rapid snowmelt in March. The report stated that the risk […] Read more
Weather Network predicts abrupt mid-March shift into spring
Winnipeg – Winter conditions are expected to remain the norm across the Canadian Prairies through the middle of March, when a sudden pattern change is forecast to bring an abrupt start to spring, according to the latest seasonal forecast from the Weather Network. The quick move from cold to warm conditions raises the risk of […] Read more
Western Canadian wheat bids slide down
WINNIPEG – Wheat bids in Western Canada were down for the week ended Feb. 22, as the Canadian dollar gained ground during the week and United States futures dropped. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were down by C$2 to C$12, according to price quotes from a cross-section of delivery points […] Read more
Weekly Manitoba Cattle Report: Number of cattle at auctions mixed
WINNIPEG – The amount of cattle sold at several of Manitoba’s livestock auctions was mixed for the week ending Feb. 22. Some of the auctions witnessed good increases in the number of head, while other auctions saw significant drops. Gladstone had a strong increase in the number of cattle that went through their auction. For […] Read more
Low ending stocks are good support for Prairie feed grains
WINNIPEG – With some of the lowest ending stocks in more than a generation, feed grain prices are doing quite well in Western Canada, said Ed Baldwin of AgChieve Grain Marketing in Winnipeg, Man. As AgChieve’s Manager of Advisory Services and Grain Marketing Advisor, Baldwin said Canada has its lowest ending stocks for feed grains […] Read more
CBOT commodities down, soybeans in ‘a little bit of a free fall’
WINNIPEG – Soybeans, wheat and corn have been trading generally lower of late on the Chicago Board of Trade (CBOT). In particular soybeans are in “a little bit of a free fall,” said Terry Reilly, senior agriculture futures analyst with Futures International in Chicago, Ill. “It’s purely technical. We closed below the 100-day moving average […] Read more
Oversold market still fundamentally bearish
Winnipeg – ICE canola futures are starting to look oversold after falling contract lows during the week ended Feb. 20. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. He said signs that exports were perking […] Read more
Pulse outlook weekly: Little excitement in pulse market
WINNIPEG – The pulse market has been largely quiet for the last couple of months, according to Adam Krieser of CanPulse Foods in Saskatoon, Sask. Although rail shipments had been curtailed due to cold weather, a number of issues and a tragic accident. On Feb. 4 three Canadian Pacific crew members were killed when their […] Read more
Feed markets steady amid cold Alberta weather
Winnipeg – Excessively cold temperatures in Alberta may be causing headaches for both feed grain buyers and sellers, but prices remain relatively steady for what is moving. The cold weather hasn’t really led to a significant increase in demand, but “it’s definitely made the farmer grumpy,” said Brandon Motz, of CorNine Commodities in Lacombe, Alta. […] Read more
