Markets
Hogs The U.S. national live price average for barrows and gilts was US$35.82 per hundredweight Jan. 4 up from $35.67 Dec. 27. U.S. hogs averaged $48.22 on a carcass basis Jan. 4, up from $44.82 Dec. 27. The U.S. pork cutout was $69.70 per cwt. Jan. 4, down from $70.44 Dec. 27. The estimated U.S. […] Read more
Markets
WP livestock report
Canola stuck in winter slump
WINNIPEG – The ICE canola futures market has hit the winter lull and there isn’t much driving it, according to one trader. “The meal has been a leader to the upside, so that again should help crush margins and it has helped crush margins. But trade has been lackluster and I expect that to continue […] Read more
Canola down slightly, wheat mixed
The ICE Futures canola contacts closed slightly weaker Wednesday, as contracts continued to lag on the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all stronger. The soy complex found support from positive news out of the China and United States trade talks. The talks wrapped up today after three […] Read more
Trade news having little effect on Chicago markets
WINNIPEG – Even though news out of Beijing regarding the trade talks between the United States and China were reported as ending on a positive note Wednesday morning, one broker watching the Chicago Board of Trade didn’t see it having much effect on the commodities futures. “The only thing that would be a real positive […] Read more
Canola mixed on effects of several issues
Winnipeg – ICE Futures canola contracts settled mixed on Tuesday, with gains in the most active contracts as early selling pressure subsided by the close. Losses in the Chicago Board of Trade soy complex accounted some spillover selling pressure throughout the day in canola, with the Canadian dollar holding steady after its recent rally. A […] Read more
Canola makes gains, despite CDN dollar
Canola remains under pressure, despite support from a slightly more optimistic soybean market in the United States. On Chicago beans were up 2.75 cents, getting to more than US$9.24 per bushel. Canola for January was up C$3 per tonne, to $481.40 on ICE as the day wound to a trading close. A Canadian dollar that […] Read more
Canola down on an up-markets day
The Canadian dollar continued higher today, further softening canola trades, with that crop being down between $3.70 and $3.30 per tonne on the day. It finished for January at $478.40 today on ICE. Elevator prices for cash canola ranged from $458 to $462. Wheat fared better, up slightly for hard red spring, finding prices of […] Read more
Stronger dollar, soy puts opposing pressures on canola
The ICE Futures canola contacts closed narrowly mixed, after having spent the trading session finding support from a strengthening soy complex and pressure from a stronger Canadian dollar. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all stronger at market close. Traders shifted their attention throughout the day from United States’ equity […] Read more
Farmers advised to lock in their diesel supply this winter
Prices expected to rise next year because of a forecast for colder temperatures and increased demand from ship owners
Now may be a good time to lock in diesel prices, according to a couple of analysts. The average diesel price in Canada was $1.22 per litre as of Dec. 19, the lowest level since March 2018, according to GasBuddy. Diesel has been following crude oil prices lower. The West Texas Intermediate price for crude […] Read more
Anxiety builds over U.S. farm aid
Canadian farm groups are unhappy with the American grain subsidies, but aren’t asking for a similar program at home
Canadian farm organizations are not pleased that their U.S. counterparts are receiving billions of dollars in subsidies, but they’re not doing much about it either. The U.S. Department of Agriculture announced Dec. 17 that it will be doling out another US$4.9 billion in direct payments to grain farmers. “It’s not unexpected. We knew this was […] Read more
