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
Markets
China corn stock revisions have little impact on markets
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
Cash Canadian oats solid, acreage increase likely in 2019
Recent volatility in the lightly traded Chicago Board of Trade oats futures has not been felt in the Canadian cash market, where values look solid heading through the winter months. March oats in Chicago hit a contract high of US$3.1750 per bushel on Nov. 19, but was back trading at around US$2.90 per tonne […] Read more
Canola recovers slightly; wheat mixed
ICE Futures canola contracts were stronger on Tuesday, as speculative short-covering helped the market recover off of the yearly lows hit on Monday. Weakness in the Canadian dollar, which was down by two-thirds of a cent relative to its United States counterpart, contributed to the firmer tone in canola. Advances in the Chicago soy complex […] Read more
Canola down; soybeans too
ICE Futures canola contracts were lower on Monday, finishing right above major chart support as the market reacted to the heavy losses seen in Chicago Board of Trade soybeans. Renewed concerns over the state of trade relations between the United States and China sparked the selloff in soybeans that spilled into canola, according to participants. […] Read more
The science of grain shipping
Sometimes when you deliver grain to the elevator it’s shipped west and other times it’s shipped east. It may seem like it’s all completely random but there’s a science to it that grain, shipping and railway companies do every day. This was the focus of a panel discussion entitled “Why does grain flow this way?” […] Read more
Fund net short position growing in canola
Speculators added to their net short positions in canola during the week ended Nov. 13, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators increased their net short position to roughly 29,400 contracts in canola during the reporting period, […] Read more
