Markets
Cash prices will strengthen as Chinese buying boosts export demand. Keep this in mind as you formulate your marketing plan for canola for the second half of the crop year.
Markets
Bank of Canada holds rates, says hard to predict future moves
The Bank of Canada on Wednesday held its policy rate at 2.25 per cent, as widely expected, and Governor Tiff Macklem said the high level of uncertainty made it difficult to predict when and how rates might next change.
U.S. corn could soon pose threat to barley in feedlot alley
Corn prices dip lower while barley prices rise
Alberta’s cattle feeders have not imported much U.S. corn yet but the crop has become more price competitive with feed barley in recent weeks.
U.S. grains: Soybean futures rise as dollar hits four-year low
Chicago | Reuters – U.S. soybean futures crept higher on Tuesday and wheat finished nearly unchanged as a sliding dollar underpinned prices. Corn futures ended slightly lower. The drop in the dollar index, which sank near a four-year low, helped to steady grain prices after a pullback on Monday, making U.S. crops look cheaper overseas, […] Read more
U.S. livestock: Cattle retreat, hogs rise
Chicago cattle futures retreated on Tuesday as regions of the U.S. reopened following snowstorms. “Weather impacts on the cattle market should begin to loosen up starting today as the region thaws,” StoneX said in a note. Most-active April live cattle futures lost 0.600 cents to close at 237.400 cents a pound. June contracts closed at […] Read more
Pulse Weekly: Spike in yellow peas slowing
Although the price increases for Canadian yellow peas have started to slow, there could be more of the peas planted come spring, said Kress Schmidt, broker with Johnston Grains in Calgary.
China buys more Canadian canola
Chinese importers secured up to 10 Canadian canola cargoes following Prime Minister Mark Carney’s visit to Beijing earlier this month, two trade sources told Reuters.
U.S. grains: Wheat falls after hitting six-week high on U.S., Russia crop worries
Chicago | Reuters – Chicago Board of Trade wheat futures pulled back after climbing to a six-week high on Monday as worries eased about cold weather threatening U.S. and Russian crops. Corn and soybean futures also retreated from multi-week highs. Traders focused on the weather as temperatures remained frigid after a severe winter storm blasted […] Read more
U.S. livestocK: CME cattle advance as brutal cold threatens herds
Chicago | Reuters – Chicago Mercantile Exchange cattle futures jumped on Monday as bitterly cold weather was expected to slow weight gain in the decimated U.S. herd, analysts said, while hog futures stormed to contract highs. U.S. cattle inventories are tight after ranchers slashed the nation’s herd to its smallest size in decades due to […] Read more
No fertilizer price relief expected for this year
Turmoil in Iran, lower production in Europe and restricted exports from China will likely help keep prices high
StoneX analyst Josh Linville does not see much relief in sight for nitrogen and phosphate fertilizer prices.
