Markets
Winnipeg – ICE Futures canola contracts were stronger on Monday, taking some direction from the Chicago soy complex. Speculators covering their large short positions accounted for some of the buying interest, according to participants. Spring road bans and a lack of significant farmer selling provided additional support. However, uncertainty over the trade situation with China […] Read more
Markets
Canola follows soybeans to stronger finish
Prairie CWRS bids drop with Minneapolis futures
Winnipeg – Western Canadian wheat bids posted losses across much of the region during the week ended March 29, with weakness in the Minneapolis futures and gains in the Canadian dollar behind the price activity. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were steady to down by nearly C$10 per tonne, according […] Read more
Canola futures hold steady; wheat weaker
WINNIPEG – ICE Futures canola contracts were steady at the end of trading on Friday. Earlier in the day, the May canola contract hit C$459.60 per tonne, by slipped back to C$455.30 per tonne for a gain of 10 cents compared to yesterday’s close. A Winnipeg-based trader said there wasn’t a clear reason as to […] Read more
Ottawa to consider financial assistance for canola growers
The federal government will consider a number of financial measures aimed at helping Canada’s canola producers cope with the loss of one of their key export markets. Federal Agriculture Minister Marie-Claude Bibeau and Trade Minister Jim Carr are scheduled to meet with Saskatchewan Agriculture Minister David Marit and leaders of key agricultural groups this morning […] Read more
Short trading boosts canola; wheat futures weaker
WINNIPEG, (MarketsFarm) – ICE Futures canola contracts were stronger at the end of trading on Thursday, as a large amount of short trading provided a bounce in bids. Also support came from traders who are preparing for tomorrow’s United States Department of Agriculture quarterly reports on Prospective Planting and Grain Stocks. Although there hasn’t been […] Read more
Grain industry makes shipping gains: Viterra
Company’s chief executive officer points to railway companies’ addition of better grain cars as a significant development
MONTREAL — Farmers are frustrated by the snags, snarls and slow movement of the Canadian export grain transportation system. But the head of Viterra says significant changes are occurring inside the system to boost capacity and get more grain moving. “We shouldn’t discount the importance of changing the cars,” said Kyle Jeworski, Viterra president and […] Read more
Canadian peas still going to China
Despite a dispute with China that has shut down canola exports, the Asian country is now the top buyer of Canadian peas
Canadian pea exporters are not avoiding the Chinese market in the wake of that country shutting down Canadian canola seed shipments. “I haven’t heard any of that,” said Carl Potts, executive director of Saskatchewan Pulse Growers. He said there has been no indication from the Chinese government or buyers of restrictions on pea imports and […] Read more
Canada must act like African swine fever is already here
The reality of African swine fever is so obvious that Canada should already be acting like it’s here. There’s lots of talk about getting ready to act if ASF hits, but that’s not good enough. To protect Canadian farmers against the worst of the multibillion-dollar impact that any ASF outbreak will have, Canada needs to […] Read more
U.S. flooding is the only bullish news in grain markets
“This is shaping up to be a potentially unprecedented flood season.” Those sobering words were how Ed Clark, director of the United States National Oceanic and Atmospheric Administration National Water Center in Alabama, described the situation in large parts of the Midwest this spring. The grain market, which has been mired in negative news about […] Read more
Growing demand, trade deals a boon for beef
The world will need 16 million more tonnes of beef, or 35 billion pounds, by 2030, and Canada is expected to benefit
RED DEER — Canada is on an upward trend for agriculture exports and imports due to trade agreements signed in recent years. In 2017, 63.5 percent of Canadian exports went to countries where a free trade agreement is in place or where one is being negotiated, said Marie Noelle Desrochers, director of trade negotiations with […] Read more
