Markets
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
Markets
Canola recovers slightly; wheat mixed
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
Canola holds steady
The ICE Futures canola platform finished the day mixed, with contracts bouncing around both sides of unchanged in the last 10 minutes of trade. Chicago Board of Trade (CBOT) soybean contracts finished the day mostly higher, soyoil contracts were stronger and meal contracts lower. Soybeans found support from news that China and the United States […] Read more
Hog disease may change everything
Analysts think African swine fever could decimate China’s hog herd, forcing it to significantly increase meat imports
African swine fever is about to unleash the most profound changes in meat and feedgrain markets that farmers will see in their lifetime, says a market analyst. Shawn Hackett, president of Hackett Financial Advisors, said a “pandemic of infection” in China is going to lead to surging demand and prices for North American meat products. […] Read more
U.S. trade mess is Canada’s chance to gain advantage
So, what now? With the U.S. midterm elections done, we have more certainty about who has the power and influence in Washington for the next two years. Unfortunately, that doesn’t provide a lot of certainty for trade. Will the U.S. approve NAFTA2? Will the U.S. attempt to get back into the new Trans-Pacific Partnership? Most […] Read more
U.S. soy stocks rise while China swims in ocean of corn
There are several take-away messages from the November monthly supply and demand report from the U.S. Department of Agriculture. If you take China’s stocks out of the totals, global corn and wheat year-end stocks should shrink this year compared to last, providing support for grain prices. The November estimate of the U.S. soybean crop is […] Read more
Decline in U.S. soybean acres expected to continue for years
Like many analysts, those at the U.S. Department of Agriculture are predicting a steep drop in U.S. soybean acres next spring. Unlike many analysts, they are not forecasting a rebound in those acres in the years that follow. In its base line projections used for budgeting purposes, the USDA is forecasting 82.5 million acres of […] 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. Small rise for fed cattle Weighted average steer and heifer prices closed last week at $148.45 and […] Read more
