Markets
Hogs The U.S. national live price average for barrows and gilts was US$61.94 per hundredweight May 3, up from $61 April 26. U.S. hogs averaged $78.94 on a carcass basis May 3, down from $79.62 April 26. The U.S. pork cutout was $82.01 per cwt. May 3, down from $84.27 April 26. The estimated U.S. […] Read more
Markets
WP livestock report
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Bearish in fed market Fed steer and fed heifer prices were lower last week by $1.23 per […] Read more
Record canola stocks affects futures
WINNIPEG – Intercontinental Exchange Futures canola contracts were down slightly on Wednesday, after being up for most of the session. Bids fell in the final 30 minutes of trading, which ended a rally that began yesterday. At one point on Wednesday, the July contract reached a high of C$444.90 per tonne, but ended the day […] Read more
Pulses steady in sea of uncertainty
Winnipeg – Every spring offers its own mystery of what the growing season will bring, and this year is no different for the Western Canadian pulse markets. However, while the unknowns are usually linked to the weather or acreage ideas, this year also presents extra challenges for the pulse sector. India remains a major wildcard […] Read more
China’s making enemies across Canada’s political spectrum
Instead of convincing Canadians to quake, Chinese trade truculence and abuse of Canadian citizens is hardening attitudes towards it
I was quite surprised to hear Conservative leader Andrew Scheer last night announcing a foreign policy approach that is more anti-China than much I’ve heard in recent years. “We should engage in a way that how our values and our interest are in many respects incompatible with those of the Chinese government,” said Scheer in […] Read more
Canola drops for seventh day after Trump’s tariff tweet
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, for a seventh consecutive session of losses. ICE and the Chicago Board of Trade dropped today following a tweet by U.S. President Donald Trump, in that he would hike tariffs on imports from China. Trump accused China of dragging out trade negotiations and […] Read more
ICE canola futures slip, soybeans plunge to near-8 month low on Trump tariff threat to China
(Reuters) – ICE canola futures lost ground on Monday, dragged lower by soy weakness after U.S. President Trump threatened bigger tariffs against China. * Statistics Canada is expected on Tuesday to estimate total Canadian canola stocks as of March 31, 2019 of 10.2 million tonnes, up 1.1 million tonnes from a year earlier. * July […] Read more
Canola hits new lows due to trade disputes
Winnipeg – ICE Futures canola contracts fell to fresh contract lows for the fourth-straight session on Thursday as the market continued to lack any supportive news. Bearish technical signals, Canada’s ongoing trade dispute with China, losses in Chicago Board of Trade soybeans, and a lack of end user demand all weighed on values. While expectations […] Read more
Manitoba corn acres likely to remain strong
The province’s producers were happy with yields last year, which will likely encourage them to stick with the crop this year
Despite parched conditions through much of Manitoba’s corn-growing area last year, grain corn yields were decent. The average yield was 120.2 bushels per acre and in some areas the yields were much higher, depending on timely rains. “They (yields) were better than I had expected them to be,” said Morgan Cott, Manitoba Corn Growers field […] Read more
Aussie’s barley pain is Canada’s gain
China is targeting barley imports from Australia in much the same way that it is restricting Canadian canola seed
China’s politically motivated trade actions are hurting Canadian farmers on canola but benefiting them on barley. Late last year, China launched anti-dumping and anti-subsidy investigations into Australian barley exports. Those investigations are curbing sales of the commodity to Australia’s top market because Chinese importers are nervous that tariffs could be implemented at any time. “The […] Read more
