While cattle prices are starting to soften across most of Western Canada, Manitoba is finding itself as the exception. “In Manitoba things aren’t looking too bad. They’ve got some options there, their price has almost been a premium, or some of the strongest in Western Canada,” said Brian Perillat, manager and senior analyst at Canfax. […] Read more
Daily news
Manitoba cattle market better than rest of Prairies
Drought to cut east Australia crop output in half from 20-year average
MELBOURNE – Drought is expected to cut eastern Australia’s crop production this year to less than half the average over the past 20 years, with New South Wales to be worst hit, the country’s agricultural commodities forecaster said on Friday. While some regions are facing the worst conditions in memory, the Australian Bureau of Agricultural […] Read more
France triggers disaster fund for drought-hit farmers
France, Europe’s biggest grain producer, announced aid on Friday for farmers hit by the severe drought that has afflicted the country since the summer, along with much of northern Europe. The government will tap an agricultural disaster fund for farmers as part of a broader aid package unveiled by Agriculture Minister Didier Guillaume during a […] Read more
Canola funds maintain net long position
Speculators grew their net long positions in the ICE canola market slightly during the week ended Oct. 23, while commercial traders built their positions on the short side, 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 to a […] Read more
Alberta farmers make large harvest progress
After weeks of no harvest progress, farmers in Alberta were able to get back into the fields and make significant harvest progress over the last week, according to the provincial crop report released Oct. 26. The Alberta harvest is now 78 percent completed as of Tuesday, Oct.23, jumping up 28 percent from last week. The […] Read more
Plenty of feed wheat available on Prairies, few takers
Quality downgrades caused by poor harvest weather has pushed a lot of wheat into feed markets, but there are few takers at this point. Eldon Dueck, grain merchant at Linear Grain in Carman, Man., said farmer offerings in his region remain slow, but he’s heard that a lot of feed wheat and barley might be […] Read more
Canola holds; soy, wheat drop
ICE Futures canola contracts settled narrowly mixed on Thursday, seeing some consolidation after recent losses after trading to both sides of unchanged throughout the session. Losses in Chicago soybeans and the advancing Canadian harvest did put some pressure on values. The latest crop report out of Saskatchewan released earlier in the day showed farmers there […] 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
Good harvest weather pushes canola down
ICE Futures canola contracts were down sharply on Wednesday, finishing just above major chart support as good harvest weather and bearish technical signals weighed on values. Sunny and dry weather across much of Western Canada should allow farmers to make good harvest progress, although the yields and quality of the later-harvested fields remains to be […] Read more
Choppy corn and soy markets expected
Chicago Board of Trade (CBOT) soybean contracts could see some action this week as the November contract near expiry. The corn contracts could also be hopping around during the week. “We’re getting some pressure in these markets because of the harvest pace that’s going on for the U.S. producer. So farmers are out there, they’re […] Read more
