Markets
Winnipeg– The ICE Futures canola contacts finished the day weaker, pulled down by weak demand for the crop. Chicago Board of Trade soybean, oil and meal contracts were all down too. New customs data released from China this morning showed December soybean imports dropped 40.1 per cent from last year. However, soybean imports in November […] Read more
Markets
Weaker demand draws down canola
Softer beans and canola on lower trades
Remaining tucked tightly in its range-bound reality, canola futures retracted slightly today, keeping pace with soybeans, falling $3.60 on the ICE March contract, getting below $480 per tonne, to $479.70. Weak Prairie’s farmer-deliveries were in part to blame for lower canola prices. However some grain analysts are suggesting that the European Union might be starting […] Read more
Several factors drive canola lower
Winnipeg – Canola contracts on the ICE futures platform moved lower during the week ended Jan. 11, nearing major chart support as a number of factors conspired against the commodity. Losses in the Chicago Board of Trade soy complex were a major bearish influence on canola, as uncertainty over Chinese demand and looming South American […] Read more
Canola down sharply with soybeans
Winnipeg, Jan. 10 (CNS Canada) – ICE Futures canola contracts were down sharply on Thursday, finishing right above major support as losses in the Chicago Board of Trade soy complex spilled over to weigh on values. The most active March contract settled right above the psychological C$480 per tonne mark, as bearish technical signals and […] Read more
Russian wheat exports slow
There are signs that Russia is running out of exportable supplies of wheat and that should lead to futures market rallies and continued strengthening of basis levels in the coming months, says an analyst. Bruce Burnett, director of markets and weather with Glacier’s MarketsFarm, keeps a close eye on wheat tenders from the General Authority […] Read more
Small U.S. winter wheat crop likely
American farmers have likely planted another small winter wheat crop, says an industry official. U.S. Growers seeded 32.5 million acres in 2018 and 32.7 million acres in 2017, the two smallest crops in the past 20 years. Prior to those two down years, winter wheat had typically been in the 40 to 45 million acre […] Read more
Move to meatless meals will affect livestock producers
A grocery flyer in my daily newspaper a few days after New Year’s Day caused me to raise my eyebrows. Featuring foods such as almond and coconut drinks, gluten-free pasta, and veggie protein meat replacement products, it was dedicated to vegetarian and organic foods, protein powders and vitamins. But it did not come from a […] Read more
Worries abound as markets wallow in distressing times
The world has a lot to worry about. That has been demonstrated in a way that those of us who follow markets closely can see most clearly: in the prices of commodities and stocks. The S&P 500 index is still well underneath levels it first surpassed in late 2017 and is still near correction territory […] Read more
Corporate power threatens farmers: author
A new book calls for a series of cartel-busting and giant-regulating steps that could restore economic welfare and vitality
The vast and intrusive power of near-monopolies like Google, Facebook, Amazon and Apple has drawn much hostility from consumer advocates in recent years. But the digital giants are just the newest form of crippling monopolies, monopsonies, duopolies and oligarchies that are strangling western economies, according to writer and analyst Jonathan Tepper. And the situation in […] Read moreCanfax 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. Active trade last week saw the Canfax weighted average fed steer price increase by $3 per hundredweight […] Read more
