Markets
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 The average fed steer price reached $149.05 per hundredweight last week, up 15 cents […] Read more
Markets
Canfax report
Corn imports set to drop while Prairie grain prices flat
The market for feed grains in Western Canada is largely flat, but could change soon, according to one commodities trader. “I don’t know if I’m bearish or bullish. I’m kind of flat right now as a trader,” said Evan Peterson of JGL Commodities in Moose Jaw, Sask. Peterson said there are still large imports of […] Read more
Soy upside boots canola
The ICE Futures canola platform were stronger at market close, finding spillover support from the soybean market. Chicago Board of Trade soybean, oil and meal contracts were all higher too, with soyoil up more than half a cent per pound. Oilseed traders are still awaiting the results of the meeting between United States President Donald […] Read more
Canola at mercy of U.S. soy market
The ICE canola market is currently at the mercy of the soybean market as it awaits this week’s G20 meeting between Chinese President Xi Jinping and United States President Donald Trump. “We’ve got the big pop in the soybeans in anticipation of some positive developments at this weekend’s G20 meetings…we are getting some lift here,” […] Read more
Volatile markets waiting to see what Trump, Xi will say at G20
Chicago soybean and corn markets are expected to remain volatile over the next few days, ahead of the G20 Summit in Argentina said one commodities expert. That volatility is fueled by the much talked about meeting between United States President Donald Trump and Chinese President Xi Jinping scheduled for Saturday, Dec. 1. “What is going […] Read more
Oils rebound after Monday’s drop
The ICE Futures canola platform were stronger at market close, rebounding after Monday’s losses. Chicago Board of Trade soybean, oil and meal contracts all finished the day in green too, regaining after yesterday’s sharp declines. While canola regained some of its losses, the technical bias is still pointed lower overall. Oilseed traders are still awaiting […] Read more
Canola futures hit new lows
ICE canola futures touched their lowest levels in more than a year on Nov. 20, but managed to uncover some support to the downside and were relatively steady on the week by Friday, Nov. 23. However, activity was thin and choppy with markets in the United States closed for part of the week due to […] Read more
Long awaited fund report still murky for canola
The recent move to New York for the ICE Futures canola contract has brought with it fresh oversite from the United States Commodity Futures Trading Commission (CFTC). The weekly Commitment of Traders (CoT) report compiled by the CFTC provides details on who is trading canola and the size of their positions, but the numbers are […] Read more
Plunging soy undermines canola
The ICE Futures canola platform finished the day weaker, dragged down by a plunge in the soy complex. Chicago Board of Trade soybean, oil and meal contracts dropped significantly during the day. Uncertainty over China and United States trade relations and forecasts for record Brazilian soy production dragged contracts down. Traders are awaiting the outcome […] Read more
Alberta farmers trying to wrap up ‘very unusual year’
As winter approaches there are producers in Alberta still in the field trying to wrap up the last bit of the 2018 harvest. According to the final crop report, issued by Alberta Agriculture and Forestry, about six percent of all crops were still in the field at the end of October. The weather wrought havoc […] Read more
