WINNIPEG – The Baltic Dry Index has fallen sharply over the past four months, dropping below 1,000 points to start the New Year. A slowdown in iron-ore activity, as high prices have had Chinese mills buying up domestic inventories rather than importing from overseas, accounted for much of the general weakness in the freight sector, […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canadian wheat bids rise over holidays
Winnipeg,(MarketsFarm) – Hard red spring wheat bids in Western Canada posted solid gains during the two-week holiday period ended Jan. 2, as gains in the United States futures more than made up for the bearish influence of the rising Canadian dollar. Average Canada Western Red Spring (13.5 percent) wheat prices were up by C$5 to […] Read more
Weekly Manitoba cattle report
Winnipeg, (MarketsFarm) – Manitoba cattle auctions were quiet over the Christmas and New Year holidays, but firmness in the United States futures markets could bode well for prices when activity resumes in the first sales of 2020. “I’m looking for a rally in the fats (butcher cattle) into about March,” said Ben DiCostanzo, senior analyst […] Read more
Canola starts the year with gains
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher Thursday, due to support from Malaysian palm oil and Chicago soyoil. However an analyst said remains to be seen if canola remains range-bound. He cautioned that with low volumes trading, any moves can easily be exaggerated. The Canadian dollar weighed on values. There were […] Read more
Canola futures back away from 2-month highs
Winnipeg, (MarketsFarm) – The ICE Futures canola market settled with small losses on Monday, backing away from the two month highs hit last week as traders adjusted positions ahead of the holidays. The North American agricultural markets will close early on Tuesday, with the ICE canola market remaining closed through Christmas and Boxing Day. Trade […] 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
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
