With Midwestern harvest operations nearing completion for the year, the range-bound United States grain and oilseed markets are looking for fresh news to provide direction. Soybean, corn and wheat futures all remain stuck in relatively sideways trading patterns and “the only thing that will change that is an adverse situation in South American weather, which […] Read more
Author Archives
Range-bound soybeans/corn looking for fresh news
Hog marketing in transition
Large slaughter numbers in the United States and the resulting increase in pork supplies should weigh on the Canadian hog sector in the short-term, but the long-term outlook remains more favourable, says an analyst. “It feels like we’re in a bit of a transition time,” said Tyler Fulton, director of risk management with Hams Marketing […] Read more
Malt barley courts two different buyers
The rising North American craft beer sector and strong demand out of China are both good news stories for Canada’s malt barley sector, but those two customers have different needs which can also create some challenges, said industry officials speaking at the annual Grain World conference in Winnipeg Nov. 13. Lorelle Selinger, North American supply […] Read more
Trends stand out in Statistics Canada data: report
Winnipeg, Nov. 13 (CNS Canada) – Second-guessing Statistics Canada crop information may be a time-honoured tradition across the Prairies, but there are trends in the data that stand out, according to a recent report from the government agency. Looking at data over the past decade, total seeded canola acres were revised higher in the June […] Read more
Canola futures hit 15-month low
Canola futures slid to their lowest levels in 15 months during the week ended Nov. 9, but managed to uncover some support to the downside and could be consolidating. While off-the combine deliveries were slowing down with the advent of winter, the commercial pipeline is still filled with recently harvested canola supplies. The weekly Canadian […] Read more
Canola prices drop as farmers make progress on harvest
Canola contracts on the ICE Futures exchange fell to their lowest levels of the past year during the week ended Oct. 26, as harvest operations across Western Canada finally neared completion. Farmers in both Alberta and Saskatchewan reported good progress during the week, helping ease concerns over unharvested acres being left out over the winter. […] Read more
Manitoba edible bean harvest wraps up
After a long and drawn out harvest Manitoba farmers have finally finished bringing in this year’s edible bean crop. While the late harvest raised quality concerns in the province, ample North American supplies should limit the upside price potential. “The harvest started really early, and we were moving at a pretty good clip…and then the […] Read more
Market watching late harvest
Canola futures have found themselves in a downward slide, with the market settling right above major support levels on Oct. 24. The January contract finished Wednesday’s session at C$491 per tonne, which was right above major support at C$490 per tonne. “If it legs down, I think a swing target could be as low as […] Read more
Weekly Manitoba cattle report
Manitoba’s cattle auctions were busy during the week ended Oct. 19, as the fall run hit its full stride. “I think every barn had their biggest sale of the year so far,” said Rick Wright of Heartland Order Buying. While big volumes are normal for this time of year, he said cattle were coming to […] Read more
Canola funds cover shorts and move to net long
Speculators covered short positions in the ICE canola market during the week ended Oct. 16, moving from a net short position to a small net long position, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators moved from a […] Read more
