Winnipeg – The fall cattle run is off to a slow start in Manitoba this year, as improving pasture conditions kept some cattle away from the markets a little longer than normal. Prices for what was moving during the week ended Oct. 5 were steady at most markets, although seasonal pressure should pick up in […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canadian spring wheat prices up with U.S. futures
Winnipeg – Hard red spring wheat bids in Western Canada posted solid gains during the week ended Oct. 5, as gains in the United States futures and concerns over harvest delays in parts of the Prairies provided support. Production issues in Australia and reports that Russia may be curtailing wheat exports were also supportive for […] Read more
Canola speculators cover shorts: Commitment of Traders
Winnipeg – Large speculators covered short positions in the ICE Futures canola market during the week ended Oct. 2, cutting their net short position roughly in half, 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 reduced their net […] Read more
Rising yield expectations limit upside for corn and soybeans
Winnipeg – Soybean and corn futures at the Chicago Board of Trade may be finding some short-term support from harvest delays across the Midwest, but expectations for large crops overall should limit the upside for prices going forward, according to an analyst. “The highs could be in right now,” said Rich Feltes, of R.J. O’Brien […] Read more
A lot of crop still left in the fields
Winnipeg – Stalled harvest progress across Western Canada saw canola prices move steadily higher on the ICE Futures platform for most of the week ended Sep. 28. While the cool and wet conditions should remain a supportive factor as long as they persist, activity in the Chicago soybean complex could override any weather-related strength. Manitoba […] Read more
Canola, soybeans drop at end of week
Winnipeg – ICE Futures canola contracts were weaker on Friday, as a downturn in the Chicago Board of Trade soy complex spilled over to weigh on prices. The losses in soybeans were tied to bearish quarterly stocks data released by the United States Department of Agriculture. Strength in the Canadian dollar added to the softer […] Read more
Poor harvest weather boosts canola
Winnipeg – ICE Futures canola contracts remained pointed higher on Thursday, as poor weather continued to delay harvest operations across the Canadian Prairies. The cool and wet conditions across much of Western Canada have raised concerns over yield and quality losses as the harvest drags on. The weekly Saskatchewan crop report, released earlier Thursday, estimated […] Read more
Cheap corn, poor harvest pressure feed grains
Winnipeg — Cheap corn imports and adverse Western Canadian harvest conditions should mean no shortage of feed grain in Alberta’s feedlot alley this winter, which should also keep prices under pressure going forward. “Any time you get a ripe crop and you get snow and rain falling on it, it normally doesn’t make better quality,” […] Read more
Canola rises as weather stalls harvest
Winnipeg – ICE Futures canola contracts were stronger on Tuesday, as cool and wet conditions continue to stall harvest operations across Western Canada. With about half of the country’s canola crop still unharvested and only small windows of opportunity in the immediate forecasts, the prolonged harvest is expected to keep canola underpinned until traders get […] Read more
Canola holds amidst harvest uncertainty
ICE Futures canola contracts held near unchanged in thin and choppy activity on Monday, although the bias was lower at the closing bell. Losses in Chicago Board of Trade soybeans accounted for some spillover selling pressure in canola, according to participants, with the Canadian oilseed still looking expensive compared to its United States counterpart. However, […] Read more
