Markets
Winnipeg, – ICE Futures canola contracts were mixed on Friday, with gains in the front months and losses in the new crop positions as the market reacted to activity in the outside currency and vegetable oil markets. Sharp gains in Chicago Board of Trade soyoil futures provided underlying support, while technical signals were also pointed […] Read more
Markets
Confluence of market forces leave canola mixed
Canola up for third straight day; wheat mixed
Winnipeg – ICE Futures canola contracts were higher for the third straight session, as supportive nearby technical signals brought in speculative buying interest. Recent weakness in the Canadian dollar was also supportive, while improving basis levels in the countryside were said to be a sign of solid end user demand. However, concerns over a possible […] Read more
Tight global supply lifts oat price
Last year’s prices were 20 to 25 percent higher than the previous year, and nothing is expected to change for 2019-20
Oat growers should expect more of the same in 2019-20, says an analyst. “Next year should actually be another good year for oats unless we increase acres a lot more,” said Marlene Boersch, managing partner in Mercantile Consulting Venture. She is forecasting a two percent hike in acres, 3.6 million tonnes of production and 477,000 […] Read more
Wheat producers receive a glimmer of pricing hope
The new crop wheat outlook is pretty grim, but there is potential for old crop wheat prices to appreciate a little, says an analyst. Marlene Boersch, managing partner with Mercantile Consulting Venture, believes old crop prices have the potential to climb another 25 to 35 cents per bushel. She advised growers to sell the balance […] Read more
Science partnership is good branding for agriculture
Success in marketing often rests on how you can differentiate your product from the other guy’s — in other words, branding. Branding is your image and the way you portray the story of your product. Tim Hortons is all about everyday Canadians, hockey and the grit needed to get through winter, while Starbucks portrays urban […] Read more
Purchasing farmland is always a high-risk gamble
In risk management, everything you do should be based on reasonable expectations. Even if you’re the gambling type, you should only be making gambles in which you know the odds you’re playing with. That applies to short-term situations, like the kinds of prices your crops or livestock will likely fetch a few months from now. […] Read more
Pea market shows signs of turning the corner
Poor rainfall in India is expected to reduce pulse yields, which may prompt the government to lift import tariffs
The doom and gloom that has shadowed pulse markets for years appears to be lifting, says a market analyst. “Even within the last couple of weeks some of that tone has disappeared,” Chuck Penner, analyst with LeftField Commodity Research, told producers attending CropSphere 2019. He is especially optimistic about the pea market, partly because it […] Read moreSignificant jump not expected as flax prices remain stable
Chuck Penner has had a soft spot for the much-maligned flax crop ever since he was a child growing up on the family farm in Manitoba’s Red River Valley. “It was the most fun crop to grow,” he told delegates attending CropSphere 2019. “Farmers curse the straw, but as a kid, as a pyromaniac kid, […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$37.03 per hundredweight Jan. 18, down from $38.51 Jan. 11. U.S. hogs averaged $51.81 on a carcass basis Jan. 18, up from $50.88 Jan. 11. The U.S. pork cutout was $69.97 per cwt. Jan. 18, up from $70.96 Jan. 11. 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. Fed market steady Fed prices closed last week fully steady with the previous week. Fed steer prices […] Read more
