WINNIPEG – Lightweight cattle continue to do quite well at Manitoba cattle auctions, according to two people heavily involved with the cattle industry. “Lightweights were up quite a bit. Anything that’s under 600 pounds, going to the grass, certainly has a strong market,” said Harold Unrau of Grunthal Livestock Auction Market. At Grunthal’s Feb. 12 […] Read more
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CBOT weekly: All eyes focusing on March 1 trade deadline
WINNIPEG – As high-level trade talks are underway in Beijing this week between the United States and China, the commodity markets are watching carefully to see what happens, said an analyst following the Chicago Board of Trade. “All eyes are on March 1,” said Steve Georgy of Allendale Inc. Should negotiators fail to make any […] Read more
Pulses steady ahead of road bans, spring seeding
WINNIPEG – For pulses so far mid-winter there hasn’t been a great deal of movement price-wise, although there are two factors on the horizon that could generate some changes. Those factors being road restrictions and spring seeding, said Dale McManus of Johnston Grains in Welwyn, Sask. Large green lentils are around 22 cents per pound […] Read more
Weekly Manitoba Cattle Report: Bad weather strikes again
WINNIPEG – Bad weather continued to adversely affect some of Manitoba’s cattle auctions during the early part of the week ended Feb. 8. Strong winds whipped up snow and drove down temperatures, with wind chills sinking into the minus 40 Celsius range. “I’m just looking forward to spring,” quipped Allan Munroe of the Killarney Auction […] Read more
Little to change prices for feed grains in Western Canada
WINNIPEG – As feedlots reduce their cattle numbers, the demand for feed grains has declined on the Canadian Prairies, said Market Place Commodities trader Allen Pirness from Lethbridge, Alta. “It’s a pretty calm time of year. The feedlots are shipping a lot of fat cattle more than they are replacing. Their grain consumption drops off […] Read more
Pulse weekly: Nothing new in India
WINNIPEG – Very little has changed for Canadian pulses when it comes to India said an analyst. Meanwhile Canadian stocks of dry field peas and lentils are still relatively large, according to Statistics Canada. In 2017 India imposed import duties to protect its domestic pulse industry and is rumored to be solidifying those duties, according […] Read more
Quiet markets waiting for USDA reports, sales to China
WINNIPEG – Pending the release of United States Department of Agriculture (USDA) reports on Feb. 8, trading on the Chicago Board of Trade (CBOT) has remained quiet, according to one broker, who was cautious about U.S. soybean sales to China. Following the 35-day partial U.S. government shutdown that ended on Jan. 25, the USDA will […] Read more
Coming U.S. oil sanctions on Venezuela could benefit Canada
WINNIPEG – How Canada benefits from the oil sanctions the United States plans to place on Venezuela is contingent on the country’s ability to move its Western Canadian Select crude oil to U.S. refineries, said two oil industry experts. As part of an effort to effect regime change in Venezuela, U.S. President Donald Trump announced […] Read more
Prairie feed wheat, barley prices still looking good
WINNIPEG – The prices for feed wheat and barley in Western Canada are doing pretty good, according to Nelson Neumann of Agfinity in Edmonton, Alta. Feed wheat is up to $6 per bushel in the Edmonton area and about C$250 per tonne in the Lethbridge area he said. Feed barley was still quite strong, although […] Read more
Quiet market waiting on trade talks, USDA reports
WINNIPEG – ICE canola futures is quiet at the end of January, but could see some movement from outside influences in the coming weeks, according to Exceed Grain Senior Marketing Analyst Wayne Palmer. “Everybody is waiting to see what’s going to happen with the Chinese/United States (trade) talks,” Palmer said. Two days of high level […] Read more
