WINNIPEG, June 19 (MarketsFarm) – Forecasts of rain for Western Canada will certainly help canola in terms of growing this year, said David Derwin of PI Financial in Winnipeg, Man. “I spoke with several farmers from across the Prairies who said we got some good rains, a few who didn’t, but by in large, it’s […] Read more
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Bullish Midwest weather story not over for corn and soybeans
Winnipeg, June 19 (MarketsFarm) – Corn and soybean futures at the Chicago Board of Trade may have run into some profit-taking resistance, but underlying concerns over wet fields and lost acres should keep the general uptrend in place heading through the summer. “I don’t think this weather story is anywhere near over,” said Preston Zacharias, […] Read more
China to block pork from Canadian company
Winnipeg – China will stop imports from Canadian pork exporter Frigo Royal due to concerns over contamination. The company is now the third to be banned from the major pork buyer as the two countries remain locked in a diplomatic dispute. China’s Xinhua news agency reported that traces of the feed additive ractopamine were found […] Read more
Western Canadian wheat up in all classes
WINNIPEG – Wheat bids in Western Canada were up across the board for the week ended June 14. There were gains in Canadian Western Red Spring Wheat (CWRS), Canada Prairie Red Spring (CPRS) and Canadian Western Amber Durum (CWAD). Weakness in the Canadian dollar and gains in Kansas City and Chicago provided support. A decrease […] Read more
Oats market solid, watching weather
Winnipeg – Tight old crop supplies are keeping oats prices well supported in Western Canada, although buyers are covered for the time being and waiting for a clearer picture on new crop production. “It’s tough to find old crop demand currently, as many larger scale end users are covered,” said Ryan McKnight, of Linear Grain […] Read more
USDA makes some changes to Canada, world estimates
WINNIPEG – Corn planting in Canada has struggled this year much like farmers have in the United States, according the latest World Agriculture Supply and Demand Estimates (WASDE) issued by the U.S. Department of Agriculture (USDA) on June 11. In the USDA’s May WASDE report, it estimated Canadian corn production at 15.40 million tonnes, but […] Read more
Ginseng not in trouble as claimed
WINNIPEG – There was a belief that China had halted its ginseng imports from Canada, but a spokesperson from Ginseng Ontario said otherwise. Rebecca Coates, executive director for Ginseng Ontario, stated China is only one of many export destinations for Canadian-grown ginseng, and other major buyers include Hong Kong, Taiwan, Singapore and Europe. An official […] Read more
Weekly Manitoba cattle report
Winnipeg – Recent strength in the grain markets has inversely weighed on cattle prices, although activity at Manitoba’s auction yards is slowing down for the season. A number of auctions were closed for the week, and many will soon be shutting down for the summer or running at a reduced capacity. Prices for what was […] Read more
Canadian mustard market steady, but watching weather
Winnipeg – Mustard crops in Western Canada are waiting on rain, just like most everything else, but spot prices have not yet reacted to the weather concerns as end users are well covered with contracted supplies and are waiting to see how conditions develop over the growing season. “At this time of the year, every […] Read more
Barley bids rise on weather woes and tight old crop supplies
Winnipeg – Tight old crop supplies and mounting weather concerns over new crop production are keeping feed grain prices well supported in Western Canada as end users work to ration supplies. “We’ve seen a very real weather market emerge in the last few weeks,” said Brandon Motz, of CorNine Commodities in Lacombe, Alta., pointing to […] Read more
