Markets
The Comprehensive and Progressive Trans-Pacific Partnership agreement that enters into force on Dec. 30 should result in new canola crush facilities being built on the Canadian Prairies, says an industry official. Very little Canadian canola oil is shipped to Japan because it faces import tariffs of 15 percent on refined oil and 12 percent on […] Read more
Markets
CPTPP to boost canola oil exports to Japan
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$39.50 per hundredweight Nov. 30, down from $39.94 Nov. 23. U.S. hogs averaged $50.03 on a carcass basis Nov. 30, down from $50.42 Nov. 23. The U.S. pork cutout was $69.12 per cwt. Nov. 30, up from $66.93 Nov. 23. 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 prices steady Alberta direct cattle sales saw light to moderate volumes for the week ending Nov. […] Read more
Weak Cdn $ a boost to canola
ICE Futures canola contracts were stronger on Wednesday, as weakness in the Canadian dollar provided support. The Bank of Canada kept its key overnight interest rate unchanged at 1.75 per cent on Wednesday while lowering its expectations for future rate hikes in the accompanying statement. The Canadian dollar lost two-thirds of a cent relative to […] Read more
Changing trade truce views leave questions for soy market
The initial positive outlook the United States futures markets had towards the 90-day truce in the U.S.-China trade war is fading and is leaving traders with opposing views on where the Chicago Board of Trade soybean market is heading. In an effort to resolve their countries’ trade war, U.S. President Donald Trump and Chinese President […] Read more
Canola futures stronger
ICE Futures canola contracts were stronger on Tuesday, taking some direction from the gains in Chicago Board of Trade soybeans and soyoil. Speculative short covering and weakness in the Canadian dollar contributed to the firmer tone in canola, according to a broker. However, losses in the outside equity markets and reduced optimism over the tentative […] Read more
Rye prices are as good as they’re going to get
At more than C$7 per bushel for rye in Western Canada, Cal Vandaele of Vandaele Seed in Medora, Man. believes the price has topped off. “There’s been bids touching C$8,” Vandaele said, adding the price will decline over the winter. “When they start getting into these levels all buyers are going to be hand-to-mouth. Nobody […] Read more
Trade, weather top of mind for 2019 acres
As Canadian farmers start thinking about what to plant next spring, global trade patterns and weather will play into decision making. “It’s very difficult to decide where this all is going. That obviously also has implications on where the futures prices go and what signals the farmers are taking from that,” said Marlene Boersch of […] Read more
Oils rise with buoyant markets
ICE Futures canola contracts were stronger on Monday, as sharp gains in Chicago Board of Trade soyoil and soybean contracts provided spillover support. The United States markets strengthened on news that the U.S. and China had reached a trade truce over the weekend. While there was little concrete information beyond an agreement to delay additional […] Read more
Soybeans up sharply after G20 summit
It was a volatile time for the ICE Canola market for the week ended Nov. 30, as oilseed traders anxiously awaited news from the weekend’s G20 summit in Argentina. United States President Donald Trump met with Chinese President Xi Jinping on Saturday, Dec. 1. The two reached a cease-fire agreement where they will hold off […] Read more
