Daily News

Canola chart points to bearish reversal

Winnipeg (CNS Canada) – After hitting a contract high on Monday, April 9, the ICE Futures Canada July canola contract subsequently turned decidedly lower to form a key reversal pattern from a chart perspective. July canola hit a high of C$539.50 per tonne on April 9, but settled right around where it started–near the lows […] Read more

Canola futures move higher

Winnipeg (CNS Canada) – Canola futures moved steadily higher over the course of the week ended April 6, with new crop November hitting fresh contract highs and the front months reaching their best levels in more than four months. The gains in canola came despite, or possible because of, a choppy week in the Chicago […] Read more

Prairie wheat bids follow U.S. futures higher

Winnipeg (CNS Canada) – Wheat bids in Western Canada rose for the week ended April 6, following the lead of United States futures. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices rose by C$13 to C$16 per tonne across the Prairie provinces, according to price quotes from a cross-section of delivery points compiled […] Read more

Front-of-package labelling proposal has Canadian dairy farmers concerned

WINNIPEG(CNS Canada) – While trade deals have had Canadian dairy farmers concerned about losing market share domestically, a recent proposal to change food package labeling could potentially be more damaging to the industry. Health Canada launched a consultation period in February for its proposed new front-of-packaging labelling. The proposal is part of Health Canada’s Healthy […] Read more

Chinese trade dispute with U.S. could open window for CDN peas

WINNIPEG (CNS) – As trade tariffs between China and the U.S. mount, so too does the potential for other countries to swoop in and plug the gap in whatever market may need filling. While soybeans are one of the few agricultural items that have been included in the tit-for-tat trade battle by the Chinese, it […] Read more

Chinese tariffs raise tough questions for pork industry

WINNIPEG, April 6 (CNS) – Representatives from the two largest pork exporting states in the United States were in Winnipeg April 5 to take in the Manitoba Pork Council’s general meeting. The delegates, who hailed from Iowa and Minnesota, talked about the various challenges facing their industry. In 2017, over a quarter of the U.S. […] Read more

ICE Canada Weekly Outlook: Canola watching U.S./China spat

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts moved steadily higher over the past week as grain markets reacted to a mounting trade dispute between China and the United States. While no sanctions are yet in place, the back-and-forth sabre rattling between the two large countries now includes proposed Chinese tariffs on U.S. soybeans, […] Read more

Soybeans wade through turbulent trade waters

WINNIPEG (CNS) – Soybean futures on the Chicago Board of Trade suffered sharp losses on Wednesday, April 4, after China said it would slap a 25 per cent tariff on soybean imports in retaliation for U.S. sanctions that had been placed on it. The dominant May contract plummeted 55 cents to US$9.83 a bushel, before […] Read more

Prairie winter wheat conditions uncertain

WINNIPEG (CNS Canada) – While it’s too early to assess how the Western Canada winter wheat crop fared this winter, there is some uncertainty due to the unseasonably cold April temperatures. “We start losing cold tolerance especially in March and going into April now. And that’s when you need to monitor temperatures or for (the […] Read more

Prairie spot corn prices strengthen amid logistics challenges

WINNIPEG (CNS) – Corn prices across the Prairies have broken out of their long-held range, which should put cash in producers’ pockets, but it may not be enough to significantly increase seeding plans this spring. For much of 2017 and the early portion of 2018, corn prices in Western Canada were hanging around the C$4.00 […] Read more