Markets
CALGARY — Soybean prices remain mired, despite large sales to China and what appears to be a more open chute into that market for American oilseeds. By early this week the U.S. Department of Agriculture had added up more than 21.5 million bushels of sales to China since the warming of trade relations between the […] Read more
Markets
Soybean prices not expected to rise much
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 prices rise Alberta direct cattle sales saw moderate to active trade this week with live prices […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$36.57 per cwt. Dec. 14, down from $37.81 Dec. 7. U.S. hogs averaged $46.71 on a carcass basis Dec. 14, down from $47.89 Dec. 7. The U.S. pork cutout was $71.80 per cwt. Dec. 14, down from $73.63 Dec. 7. The estimated U.S. […] Read more
Canola firms up, wheat lower
ICE Futures canola contracts were weaker in choppy activity for most of Wednesday’s session, but managed to settle with small gains. Losses in Chicago Board of Trade (CBOT) soybeans weighed on values for most of the session. Ample supplies in the commercial pipeline and only routine demand also pressured values. However, a slowdown in farmer […] Read more
Lower Canadian dollar helps canola
ICE Futures canola contracts ended higher on Tuesday, as weakness in the Canadian dollar provided support. The currency fell to its lowest levels relative to its United States counterpart since June 2017, which helped crush margins improve. Speculators covering short positions, spillover from Chicago Board of Trade soybeans and a seasonal slowdown in farmer selling […] Read more
Canola mixed, wheat shows stronger
ICE Futures canola contracts ended mixed on Monday, with a firmer tone in the front months and losses in the more deferred positions. While gains in Chicago Board of Trade soybeans were supportive, soyoil was lower and canola traders showed a reluctance to push values too far one way or the other. End-user demand provided […] Read more
China dispute overshadows markets
China was the theme of the week for the commodity markets. Whether it was the ongoing drama between the United States and China or the Huawei executive case in Canada, China had all the North American commodity markets on edge for the week ended Dec. 14. As had been the case since the G20 meeting […] Read more
Western Canadian wheat bids rise with U.S. futures
Wheat bids in Western Canada were mostly up for the week ended Dec. 14, as strength in the Unites States futures and a weaker Canadian dollar. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were mostly up C$2 to C$7, except for eastern Manitoba which was down by a dollar, according to price […] Read more
Canada torn between two trade bullies with the U.S. and China
Best approach: stay standing and don't cry
Canada is torn between two bullies, feeling like a fool. Dealing with both of them is breaking all our hopes. With our belligerent erstwhile friend to the south having recently finished savaging us in the NAFTA2 negotiations, and China presently raging at us and locking up unlucky Canadians, it’s a very, very, very uncomfortable time […] Read more
Canola drops with soy
The ICE Futures canola contacts finished the day weaker, realigning itself with the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all weaker, however they weren’t down as much they were on Thursday. Despite more positive news from China, analysts are thinking the soybean market has peaked for now. The […] Read more
