Markets
The ICE canola market will bounce around in trade for the foreseeable future with the overall trend being downward, according to an analyst. “We’re just going to continue to migrate lower. They are going to be up days because nothing goes down forever,” said Wayne Palmer, senior market analyst with Exceed Grain. Over the last […] Read more
Markets
U.S. beans will be on the rise for 2019: analyst
Brian Clancey of marketing agency Stat Publishing predicts the acreage shift that played out between chickpeas and dry edible beans this year will shift again next year. He said several factors lead him to that conclusion. Canadian growers ship large numbers of beans and chickpeas to the U.S., and the production and seeded acreage numbers […] Read more
Dropping dollar pushes Prairie wheat bids higher
Wheat bids in Western Canada were higher for the week ended Oct. 12, taking support from a weaker Canadian dollar. Average Canada Western Red Spring (13.5% CWRS) wheat prices were up by C$11 to C$13 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average […] Read more
Soybean rally pulls up canola
WINNIPEG – The ICE Futures canola platform closed higher, finding spillover support from the rallying soybean market. Chicago Board of Trade soybeans, oil and meal contracts were all stronger. There are reports that two ships filled with United States soybeans departed for China last week, showing that buyers may be getting desperate despite the ongoing […] Read more
Manitoba harvest slow as snowy weather continues
Winnipeg – Manitoba harvest progress was once again slowed by cold and wet conditions during the week ended Oct. 15, according to the provincial crop report. Harvest progress was 84 percent complete as of Oct. 15, up four percent from the previous week. Over the last month progress has been limited, with increases of only […] Read more
Exports keep up the pace
Canada’s crop exports are clipping along at a similar pace as last year. A total of 5.13 million tonnes of grains, oilseeds and pulses had been unloaded at ports through week eight of the 2018-19 crop year, which is almost identical to last year’s totals, according to Canada’s grain monitor. Wade Sobkowich, executive director of […] Read more
Marketers forced to sell two crops this year
Crops that were harvested early are grading No. 1 and 2, but what comes after that could be a different story
It’s the best of crops. It might be the worst of crops. It’s a tale of two harvests, and Canada’s crop marketers are getting their heads around what farmers have produced this year. “What came off first is very, very good,” said Cam Dahl, president of Cereals Canada, which oversees the New Crop Missions that […] Read more
USMCA no solution to America’s surplus milk problem
Like much of the U.S. President Donald Trump administration’s efforts, the push to renegotiate the North American Free Trade Agreement was an exercise with much sound and fury but that failed to address the real challenges. In agriculture, the United States forced Canada to make concessions in dairy, but I believe the positive impact on […] Read more
Soy stronger, canola holds steady
Winnipeg – ICE Futures canola contracts finished near unchanged on Thursday, as bearish technical signals and improving harvest weather was countered by spillover support from advances in Chicago Board of Trade soybeans. While cool and wet conditions continue to cause concerns across Western Canada, the forecasts are looking more favourable over the next week and […] Read more
Canada’s supply managed sectors must now avoid stagnation
Ed White’s series on lessons learned from the financial crisis of 10 years ago will resume next week. Now is the time to face up to the bad math that threatens to throttle the future of the Canadian dairy industry. In the aftermath of the United States-Mexico-Canada Agreement, there is a lot of talk of […] Read more
