Harvest reprieve hits Prairies

Prairie farmers struggling to get crops off fields under wet, cold conditions are about to get a reprieve. That’s if they haven’t seen warmer weather already in their area. Natalie Hasell, weather preparedness meteorologist for Environment Canada, said most regions of British Columbia, Alberta, and southern and central Saskatchewan are in the warm weather already, […] Read more

Canola rebounds, wheat futures down

Chicago Board of Trade (CBOT) soybeans contracts finished the day mixed, with values jumping around in the final few minutes of trade. Soyoil contracts were weaker, while meal contracts were higher. It is expected the canola market will continue to bounce around in trade day-to-day as nicer weather allows farmers to make some harvest progress […] Read more

CBOT soybeans trending higher, with meal

Soybean and corn futures at the Chicago Board of Trade both saw some strength over the past week, and could see some additional upside, according to an analyst. Harvest delays due to poor weather and speculative short-covering accounted for some of the recent strength in the futures, according to Sean Lusk, director of the commercial […] Read more

Oilseed crop in Black Sea region seen larger

The Black Sea region’s oilseed crop for 2018-19 is estimated 160,000 tonnes higher to 43.36 million tonnes, according to the latest estimates by the United States Department of Agriculture. In its October estimates, USDA estimated Ukraine rapeseed production would come in at 100,000 tonnes more than previous estimates to 2.7 million tonnes. Turkey’s sunflower harvest […] Read more

Dropping dollar pushes Prairie wheat bids higher

Wheat bids in Western Canada were higher for the week ended Oct. 12, taking support from a weaker Canadian dollar. Average Canada Western Red Spring (13.5% CWRS) wheat prices were up by C$11 to C$13 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average […] Read more

Soybean rally pulls up canola

WINNIPEG – The ICE Futures canola platform closed higher, finding spillover support from the rallying soybean market. Chicago Board of Trade soybeans, oil and meal contracts were all stronger. There are reports that two ships filled with United States soybeans departed for China last week, showing that buyers may be getting desperate despite the ongoing […] Read more

Manitoba harvest slow as snowy weather continues

Winnipeg – Manitoba harvest progress was once again slowed by cold and wet conditions during the week ended Oct. 15, according to the provincial crop report. Harvest progress was 84 percent complete as of Oct. 15, up four percent from the previous week. Over the last month progress has been limited, with increases of only […] Read more

Trade certainty doesn’t mean higher loonie

Even with more certainty around trade with the United States, Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P. Gervais, chief […] Read more

Heavy canola deliveries despite harvest delays

Winnipeg – Canadian farmers made heavy deliveries of canola into the commercial pipeline during the first week of October, according to the latest Canadian Grain Commission data. The active movement came despite persistent reports of harvest-delaying weather in many areas. While snow continued to keep farmers off of their fields in parts of the Prairies, […] Read more

World briefs

Chinese group proposes less soy in meal The China Feed Industry Association is proposing soybean meal in hog rations be reduced, to offset rising costs and reduced supplies caused by the United States-China trade war. China imported about 87 percent of its soybean needs last year and one-third of that came from the U.S., according […] Read more