WINNIPEG, (MarketsFarm) – With canola presently near the top end of its range, prices could break out of being range-bound in the next several days, according to an analyst. Canola has made gains over the last month or so, largely due to spillover from increasing prices for soyoil on the Chicago Board of Trade. Soyoil […] Read more
Stories by MarketsFarm
Canadian canola crush up 8.5 per cent on year-to-date
WINNIPEG,(MarketsFarm) – Canada’s canola crush is running well ahead of the year ago pace, according to the latest data from Statistics Canada. Four months into the 2019/20 marketing year, which began Aug. 1, more than 3.3 million tonnes of canola have been crushed, according to the report released Dec. 19. That’s a jump of 8.5 […] Read more
Ag Canada lowers canola ending stocks forecast
Winnipeg,(MarketsFarm)– Canadian canola ending stocks will be much tighter than earlier thought, according to updated supply/demand tables from Agriculture and Agri-Food Canada released late Dec. 19 that account for the latest Statistics Canada production numbers. Projected canola ending stocks for 2019/20 were lowered to 3.500 million tonnes by Agriculture Canada, which compares with the November […] Read more
Rising U.S. futures underpin Canadian wheat bids
Winnipeg,(MarketsFarm) – Hard red spring wheat bids in Western Canada posted solid gains during the week ended Dec. 19, taking some direction from the rising United States futures. Average Canada Western Red Spring (13.5 percent) wheat prices were up by C$5 to C$7.50 per tonne, according to price quotes from a cross-section of delivery points […] Read more
Prairie feed grain market stable heading into New Year
Winnipeg, (MarketsFarm) – Western Canadian feed grain markets are showing some stability heading into the New Year, as buyers have generally booked coverage over the holiday season. “Everybody is just waiting to see what will happen,” said Mike Fleischhauer, of Eagle Commodities in Lethbridge, Alta. While large amounts of tough grain was moving, he said […] Read more
Drop in India’s pulse production may see lower import duties
WINNIPEG (MarketsFarm) – There’s a possibility the government of India could lower its import duties on pulses, including those from Canada, according to reports. With India’s monsoon rains having continued longer than usual, production of the country’s kharif (summer) pulse production fell by almost two million tonnes. Prior to the monsoons, market expectations called for […] Read more
Mid-December Prairie wheat bids mixed
Winnipeg (MarketsFarm) – Hard red spring wheat bids in Western Canada were mixed during the week ended Dec. 12, with small gains in some areas and small losses in others as the market adjusted in a narrow range. Average Canada Western Red Spring (13.5 percent) wheat prices were down by as much as C$2 per […] Read more
Weekly Manitoba cattle report
Winnipeg (MarketsFarm) – Manitoba’s cattle yards remained busy during the second week of December, as the fall run was pushed back a little later this year. “The year started out slow, with everything behind, and it carried on that way,” said Allan Munroe, of the Killarney Auction Mart. “We’ll sell twice as many cattle this […] Read more
Canadian honey production down 15.4 per cent on the year
Winnipeg, (MarketsFarm) – Cool and wet summer conditions caused Canadian honey production to drop to its lowest level in seven years in 2019, according to a report from Statistics Canada. At 80.4 million pounds, production of the sweetener was down by 15.4 per cent from the previous year. Alberta saw the largest drop, with production […] Read more
NFU paper proposes solutions to climate and farm crises
Winnipeg, (MarketsFarm) – The global climate crisis is interlinked with the financial crisis on Canadian farms, according to a new discussion paper from the National Farmers Union (NFU) which proposes changes to agriculture practices that could help the sector become part of the solution to both major issues. Compiled by Darrin Qualman in collaboration with […] Read more
