Markets
Canola was softer today, after losses yesterday that mirrored soybeans and made the two crops some of the most active on the commodity markets. Today, however, the American holiday might have held it up, as that side of the oilseed trade moved into a long-weekend mode where if nobody moves, nobody gets hurt. Asian palm […] Read more
Markets
Global oilseeds, China, dollar tug at canola
India may resume buying pulses
An analyst believes there could be 300,000 to 600,000 tonnes of red lentil demand out of India this crop year
India will be back in the market for Canadian pulses in the new year, according to an exporter and a commodity broker. Farhan Adam, chief executive officer of Marina Commodities Inc., a pulse exporter in Mississauga, Ont., said western Canadian farmers “should be prepared for a good ride” by February. The main reason for his […] Read more
China boosts Canada’s early season wheat export pace
Canada exported 5.44 million tonnes of wheat in the first 15 weeks of the crop year, which is likely a record amount for this time of year, helping to keep Canada’s overall crop export pace ahead of last year. The Canadian Grain Commission weekly statistics report showed a very strong export performance in week 15 […] Read more
Oil trouble shows risk of grain bottlenecks
You’re probably used to grain transportation constrictions costing you money and messing up your marketing plan. Don’t be too comfortable with that uncomfortable reality. It could get worse — a bunch worse. If you think 2013-14 or 1996-97 were bad, be thankful they were mostly one-year phenomena. Look over your fence line, or at the […] Read more
Canada, U.S. go in opposite trade directions
The United States is backing away from multilateral deals, while Canada continues to sign those kinds of agreements
We’re neighbours, but Canada and the United States are racing into different worlds when it comes to world trade. That became obvious from comments by leading American and Canadian trade policy experts at the Grain World conference Nov. 13. “I think there’s probably a greater chance that I will grow a full head of hair […] Read moreChina corn stock revisions have little impact on markets
Arlan Suderman remains “friendly” on corn despite a startling revision to China’s government stockpile of the commodity. In its latest World Agricultural Supply and Demand Estimates report, the U.S. Department of Agriculture bumped up China’s ending stocks by a staggering 149 million tonnes. The USDA revised Chinese corn production upward over the past decade based […] 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 trade last week with prices trending […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$40.51 per hundredweight Nov. 16, down from $42.79 Nov. 9. U.S. hogs averaged $51.60 on a carcass basis Nov. 16, down from $53.35 Nov. 9. The U.S. pork cutout was $68.18 per cwt. Nov. 16, down from $70.27 Nov. 9. The estimated U.S. […] Read more
Canola stronger ahead of U.S. Thanksgiving
ICE Futures canola contracts were stronger on Wednesday, as spillover from a rally in Chicago Board of Trade soyoil provided support. Speculative short-covering contributed to the gains, as traders squared positions ahead of the Thanksgiving holiday in the United States. Markets in the country will be closed Thursday, while canola will trade its normal hours. […] Read more
Prairie fababean market spikes with global production issues
Fababean prices in Western Canada have seen a boost lately due to global production problems, however according to a buyer this is a temporary situation. “Over the last 45 days we’ve saw this market spike, we’ll call it a buck a bushel that we’ve seen that increase from where we would typically would expect this […] Read more
