Canola, 2015. Dave Bedard pic

Recent fund buying helps push up canola cash prices

Funds have also been buying back their short position in soybeans

The new net long position by the funds is not substantial, but the fact of significant purchases of canola contracts during the week has given the market momentum, Bruce Burnett writes.




wheat field in St. Andrews, Manitoba in 2018

USDA’s Canadian wheat carryout much lower

No matter the estimate, whether from Canada or the U.S., it is still a significant increase over last year’s ending stocks

USDA is forecasting a much Canadian wheat carryout than Agriculture Canada is predicting.




wheat

U.S. wheat sales to Indonesia about to rise significantly

Canada’s second-biggest wheat customer locks in to buy two million tonnes of U.S. wheat per year for five years

U.S. wheat sales to Indonesia are set to rise following a trade agreement between the two countries, but not necessarily at the expense of Canadian wheat.



Photo: Kat72/Getty Images Plus

Klassen: Feeder market remains firm

For the week ending February 21, Western Canadian markets for yearlings or backgrounded cattle traded steady to $10/cwt higher. The calf market was mixed with values quoted $5 higher to $10/cwt lower. Feedlot margins appear to be improving in the short-term which supported the yearling market. Extremely cold temperatures across most of Alberta may have […] Read more