Winnipeg, Sept. 21 – Canadian canola sales are moving slower than merchants’ had anticipated. Market watchers attribute the sluggish pace to high prices and low global demand. “The export story right now is quiet,” said Peter Schutz, canola merchant at Richardson International Ltd. He attributes it to a lack of demand and poor crush margins. […] Read more
Stories by Jade Markus
Southern Manitoba soybeans near harvest, weather permitting
WINNIPEG — Manitoba soybeans are edging closer to harvest with southern fields just a week away, but rain, as always, poses a challenge to producers. Beans in southern Manitoba have ripened faster than other parts of the province and will be ready to harvest by early next week, said Dennis Lange, farm production adviser with […] Read more
Man. port shipping pulses this season, considering partnerships
CHURCHILL, Man. — The Port of Churchill’s shipping season is now underway, but the northern port is facing a series of challenges. The company that operates the facility is considering options for keeping it viable, especially as the end of a government subsidy looms. In the past, the Manitoba port relied on the Canadian Wheat […] Read more
Corn, soybeans trade up near term, but fundamentals stay bearish
WINNIPEG — Despite short-term bullish factors in Chicago Board of Trade corn and soybeans, one analyst anticipates prices will be pressured in coming weeks. To start the week, a turnaround in crude oil markets supported prices, said Terry Reilly, senior commodity analyst at Futures International. Rebounds in Malaysian palm oil prices are also supportive to […] Read more
First Port of Churchill shipment to set sail
WINNNIPEG — Manitoba’s Port of Churchill is almost ready to start moving grain this season, the port’s operator says. Ships were expected to go out by the end of the month. “The elevator is starting to fill up and the rail cars are lining up for delivery on time. We’ve got ships predicted to start,” […] Read more
Higher quality wheat likely in store for Prairies
WINNIPEG — Western Canadian farmers are seeing higher quality wheat crops this year, which will meet pent up demand within the market. However, producers might not reap the rewards as much as they would like, a market analyst says. Wheat buyers will be looking for better quality and higher protein wheat since Canada disappointed on […] Read more
Chinese demand to eat into North American pork supply glut
WINNIPEG — Canadian pork producers have seen increased demand from China in recent weeks, something which could boost prices in coming months. Despite turbulence in the China’s economy, an industry specialist says exports should be little affected. Pork prices are sensitive to economic change to an extent, but not as much as non-food markets, says […] Read more
First Port of Churchill shipment to set sail within 10 days
WINNNIPEG — Manitoba’s Port of Churchill is almost ready to start moving grain this season, the port’s operator says. Ships are expected to go out within the next 10 days. “The elevator is starting to fill up and the rail cars are lining up for delivery on time. We’ve got ships predicted to start,” says […] Read more
Loonie weakness might linger says economist
Winnipeg — The loonie’s weaker trend will likely stick around a while, says one economist. Weak Canadian economic data and market talk about a Bank of Canada rate cut were on the forefront of the dollar’s outlook Monday. Andrew Pyle, senior wealth advisor at ScotiaMcLeod, says a string of negative Canadian economic reports have contributed […] Read more
Late start to Port of Churchill shipping season
WINNIPEG — The Port of Churchill in northern Manitoba will start its shipping season later this year as the owner hopes to lower the cost of maintenance on the railway track. OmniTrax president Merv Tweed said he expects the first ship will go out sometime in late July. The port normally starts operations on July […] Read more
