Markets
Whether it’s called NAFTA, as the president of the United States did this week, or USMCA, the North American trade deal needs to move fast if it is going to avoid going slow. “No one can, with a straight face, tell us that Canadian steel and aluminum pose a threat to American national security,” said […] Read more
Markets
New NAFTA attempts to avoid U.S. politics
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$46.02 per hundredweight March 22, up from $39.74 March 15. U.S. hogs averaged $66.44 on a carcass basis March 22, up from $54.20 March 15. The U.S. pork cutout was $77.79 per cwt. March 22, up from $68.89 March 15. The estimated U.S. […] Read more
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. Alberta direct cattle sales saw active trade for the week ending March 22 with weighted average prices […] Read more
Canola futures dip on trade tensions
WINNIPEG – ICE Futures canola contracts were weaker at the end of trading on Wednesday, as tensions between Canada and China has continued to weigh on values. Canadian Prime Minister Justin Trudeau said on Tuesday he will consider sending a high-level delegation to China to discuss the ongoing situation between the two countries. His announcement […] Read more
Canola issues with China already well known
WINNIPEG – To some following the commodities markets, it was clear that some participants overreacted to the news of China banning Viterra from selling canola to the country. Bruce Burnett of MarketsFarm is one of those who saw that Canadian exports of canola to China have been pretty much dried up since January. That came […] Read more
Canola, soybeans drop
Commodity prices were hit hard today as soybeans retreated to near one week-old lows. Canola felt the soybean decline as well as pressure from Chinese trade issues nationally. May canola fell $5, reaching $451.70, July canola was down $5.60 to$459.60, November canola felt the pain following $6.20 to $471.60. March canola for 2020 did a […] Read more
China widens ban on Canadian canola imports to second firm, Viterra
BEIJING, March 26 (Reuters) – China expanded its ban on Canadian canola imports on Tuesday to include shipments from Viterra Inc, the latest development in a wider trade dispute between the two countries. Viterra is the second canola exporter to have its registration cancelled, after Beijing halted shipments from top exporter Richardson International earlier this […] Read more
Canola finishes up; wheat stronger
WINNIPEG – Canola finished the day higher, despite soft news details on where the Chinese market is on oilseeds, including Canadian ones. March canola fished the day on ICE at $457.30, up $3.40 per tonne, followed by July up $3.10 to $465.60 and November up $3.80 to $478.60. March 2020 marched in, up $6.70 on […] Read more
Monthly Canadian canola crush well below average
Winnipeg (MarketsFarm) – Canada’s monthly canola crush hit its lowest level in one-and-a-half years in February, according to the latest crushing data from Statistics Canada. The agency reported that 635,526 tonnes of canola were crushed in February 2019. That was down by nearly 200,000 tonnes from the January level and compares with the monthly average […] Read more
UPDATE: No Chinese restriction on Canadian wheat, peas, flax imports
UPDATED – 1110 CST, March 25, 2019 – Canadian government and industry, agriculture and trade officials, say there is officially no abnormal restriction on agricultural product exports to China, with the exception of canola seed. The Canadian Agriculture and Food Trade Association and the federal Minister of Agriculture confirm that the restrictions are only on […] Read more
