WINNIPEG – The ongoing trade battle between China and the United States, along with the general uncertainty in the global trade market is starting to put a damper on Manitoba pork prices. In Canada, the formula price used by domestic farmers is based on the national base price in the U.S. That price is determined […] Read more
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Trade uncertainty weighing on Manitoba pork prices
Corn and soybean futures run into strengthening U.S. currency
WINNIPEG – The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities like soybeans and corn. As the Turkish lira drops in value many investors have begun to put their money into the United States currency. It’s a common move when markets are troubled as the […] Read more
Heat blast threatens yields on drought-stressed chickpeas
WINNIPEG – Temperatures as high as 38 C were recorded in the Western Prairies over the weekend, and with that heat comes questions about crop impact. As far as pulses go, lentils and peas are far enough along that the recent heat-wave is unlikely to affect them from a yield perspective, according to Carl Potts […] Read more
Canola fights to stay above C$500 level
WINNIPEG – The ICE Futures canola market continues to take strength from a heat wave that has gripped much of Western Canada, however the results of a looming agriculture report may ultimately determine which direction it goes. On Friday, August 10, the United States Department of Agriculture will release its monthly supply and demand estimates. […] Read more
Prairies to stay mainly hot and dry in August
WINNIPEG – The summer heat wave that has brought excess dryness to much of southwest Saskatchewan and southern Alberta looks set to continue. According to Drew Lerner of World Weather Inc., much of Western Canada will be dealing with a restricted amount of rain and hotter-than-normal temperatures in August. “I don’t think it will be […] Read more
Dwindling diesel supplies could boost price
WINNIPEG – Strong global demand and a looming North American harvest could send diesel prices higher in the coming months. According to one energy analyst in Chicago, farmers may want to buy some fuel before prices get too high. “We’re telling our people to hedge some of your exposure, because we do think that, barring […] Read more
Crude oil and canola part company
WINNIPEG — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. On […] Read more
Crude oil and canola part company – for now
WINNIPEG – The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. On […] Read more
Canola prices vulnerable after StatsCan report
WINNIPEG – The latest acreage report by Statistics Canada failed to surprise most investors in the canola market, however it still could leave futures looking overpriced, according to a trader. “It certainly is a negative number,” said Ken Ball, of PI Financial in Winnipeg, referring to the agency’s estimate for canola. Statistics Canada pegged acreage […] Read more
Canola floats on weak currency
Winnipeg (CNS Canada) – Canola contracts on the ICE Futures Canada platform posted modest gains on Thursday, taking advantage of recent weakness in the Canadian currency. The Canadian dollar is near its lowest level, relative to the U.S. dollar since last year. Demand for canola remains steady while slow farmer selling added to the upside. […] Read more
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