Winnipeg(CNS Canada) – With summer officially here, most Manitoba cattle are out to pasture and not moving through the auction rings. Many yards closed for the season or are running on a more relaxed scheduled. Less than a thousand head of cattle were sold in the province during the week. Prices held reasonably steady for […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canola crush margins deteriorate
Winnipeg (CNS Canada) – Canola crush margins have deteriorated over the past few months to hit some of their weakest levels of the past two years. However, domestic processors continue to show good demand despite their declining profit-margins. As of June 18, 2017, the Canola Board Crush Margin calculated by ICE Futures Canada was about […] Read more
Weaker dollar boosts canola
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, as weakness in the Canadian dollar helped the market recover from earlier declines. The Canadian dollar lost more than half a cent relative to its United States counterpart, boosting crush margins and making exports more attractive to international buyers. Ideas that recent […] Read more
Ample supply keeps oats under pressure
Winnipeg (CNS Canada) —Canadian oat crops are in reasonably good shape following recent rains, although prices may find themselves under pressure as end-users are well covered for the time being. Farmers planned on seeding about 3.15 million acres of oats in the country in 2018, down only slightly from the 3.20 million seeded the previous […] Read more
Canola dips again
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Wednesday, taking some direction from a downturn in Chicago Board of Trade soybeans. Bearish technical signals contributed to the declines, with some stops hit on the way down as prices dipped below nearby support. Relatively favourable North American crop conditions also weighed […] Read more
Better crop conditions weigh on spring wheat bids
Winnipeg (CNS Canada) – Hard red spring wheat bids in Western Canada moved lower during the week ended June 8, as improving North American crop conditions weighed on Minneapolis spring wheat futures. Depending on the location, average Canada Western Red Spring (13.5 percent CWRS) wheat prices were down by C$3 to C$7 per tonne across […] Read more
Canadian mustard looking to rebound, if weather cooperates
Winnipeg(CNS Canada) – Canadian mustard acres may be up on the year, but key growing regions missed out on recent rain and will need more moisture as the season progresses in order to prevent a repeat of 2017’s drought stricken crop. “Mustard was offering some profit potential compared to some of the other options out […] Read more
Feed grains slip, but still solid overall
Winnipeg (CNS Canada) – Feed barley prices may have come down slightly from their highs earlier in the spring, but remain solid overall, according to an Edmonton-based merchant. Dry weather and the late spring created some uncertainty in the market, and led to opportunities for some growers, said Samantha Metcalfe, a grain trader with Market […] Read more
Rain dampens canola futures
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were mostly lower on Thursday, as recent rainfall across much of Western Canada had investors taking some of the weather premiums out of the futures. The improving moisture conditions also encouraged some farmer selling, according to traders. Losses in Chicago Board of trade soybeans and soyoil […] Read more
Large U.S. pulse crop possible, despite reduced acres
WINNIPEG — Farmers in the United States may have planted fewer pulse acres in 2018 compared to the previous year, but the reduction was likely not as large as forecast by the U.S. Department of Agriculture. In addition, a return to average yields would still result in big supplies overall after poor crops in 2017, […] Read more
