A trend has developed in the business news channels over the past week that has not been hard to miss. Suddenly the CEO’s of the big agriculture and food concerns are being featured front and centre during the business segments. Usually these companies are noted only when they release quarterly results and even then there […] Read more
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Crush margins heading up
WINNIPEG, (MarketsFarm) – As canola and other farm commodities made strong gains over the last week, there was something a little strange about things, according to Winnipeg-based trader Bill Craddock. He said crush margins follow prices for edible oils and meal, as well as the Canadian dollar. It’s all part of the formula used to […] Read more
Wheat futures underpinned for now, but watching headlines
Winnipeg,(MarketsFarm) – United States wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with […] Read more
Lack of willing sellers keeps pulses underpinned
Winnipeg, (MarketsFarm) – Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus, […] Read more
Solid demand, logistics underpin durum bids
Winnipeg,(MarketsFarm) – Durum bids in Western Canada have found some support from solid demand and logistical issues elsewhere in the world. Anecdotal reports of pasta hoarding, due to COVID-19 concerns, were also somewhat supportive. Cash durum bids in Saskatchewan are currently in the C$7.50 to C$8.00 per bushel range, according to Prairie Ag Hotwire data. […] Read more
Western Canadian wheat: Bids surge on U.S. gains, weaker loonie
WINNIPEG, (MarketsFarm) – Wheat bids in Western Canada were significantly higher for the week ended March 19, due to gains made in the United States markets coupled with a weaker Canadian dollar. Canada Prairie Red Spring (CPRS) saw the largest increases, with bids up by more than C$20 per tonne. Increases for Canadian Western Red […] Read more
Ag Canada adjusts supply/demand tables slightly
WINNIPEG, (MarketsFarm) – Updated supply/demand tables released by Agriculture and Agri-Food Canada on March 19 include only minor adjustments to the stocks and usage numbers, with slight increases to the wheat and canola ending stocks forecasts for 2020/21. Canola ending stocks for 2020/21 are now forecast at 2.80 million tonnes. That would be up from […] Read more
Feed Grain Weekly: In midst of market turmoil feed prices steady for most part
WINNIPEG, (MarketsFarm) – Despite of all of the commotion in the markets due to the economic impact from the COVID-19 pandemic, feed grain prices have been steady, according to Nelson Neumann of Agfinity in Edmonton, Alta. Neumann said feed prices were in a steady decline since the cold snap around the beginning of January. “This […] Read more
ICE canola weekly outlook: more virus volatility expected
Winnipeg,(MarketsFarm)– A sharp drop in the Canadian dollar helped lessen the blow of the COVID-19 pandemic on the ICE canola market, with volatility and uncertainty expected to be the feature in the upcoming weeks. Any strength in canola “is 100 per cent the Canadian dollar and nothing else,” said Ken Ball, of PI Financial in […] Read more
Signs of recession for Canada says Conference Board
WINNIPEG,(MarketsFarm) – The Conference Board of Canada believes the country is likely heading towards an economic recession. The business think-tank issued its spring outlook on Tuesday, and noted economic growth in the fourth quarter of 2019, “was already on a precarious footing.” Now with the economic downturn stemming from the COVID-19 pandemic, plus the rail […] Read more
