Markets
The trade war between the United States and China has had little impact on Canada’s grain exports so far. As of Sept. 23, the eighth week of the crop year, exports of all crops stood at a little more than 5.6 million tonnes, down from about 5.4 million at the same point last year, but […] Read more
Markets
U.S. and China clash could see Canadian goods using U.S. ports
There could be an opportunity to move Canadian grain to the West Coast through the American rail system this winter. Soybeans that are usually flowing to ports in the United States Pacific Northwest at this time of year are parked on farms as the tariff trade war between the U.S. and China escalates. The two […] 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. Slump extended Alberta direct cattle sales saw active trade last week and weighted average prices firmed $2-$3 […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$48.70 per cwt. Sept. 28 up from $43.92 Sept. 21. U.S. hogs averaged $63.00 on a carcass basis Sept. 28, up from $59.37 Sept. 21. The U.S. pork cutout was $83.33 per cwt. Sept. 28, up from $79.18 Sept. 21. The estimated U.S. […] Read more
Canola follows soy upwards
WINNIPEG – The ICE Futures canola platform closed mostly stronger, taking support from rising soyoil prices. Chicago Board of Trade soybeans and meal contracts were lower, while soyoil contracts were higher. The Canadian dollar was weaker which was supportive for the canola market. However canola is currently considered overpriced compared to soybeans, which has been […] Read more
Soyoil, not weather main influence on canola market
Winnipeg – The current wet and snowy weather plaguing Western Canada isn’t to blame for the canola market being on the upswing lately, according to one trader. “Canola’s been firm but it really hasn’t shown any reaction whatsoever to the weather, it’s going up because bean oil’s going up and it’s lagging the bean oil […] Read more
Grain vessel lineup a possible sign of shipping to come?
The lineup of grain vessels waiting for loading at Vancouver increased to 21 for Week 8 of the grain shipping season. Reports by Quorum Corp., which monitors prairie grain handling, stated vessels at Vancouver were up 31 per cent from the previous week (17). The increase in ships raised sentiments that grain orders and exports […] Read more
Rising yield expectations limit upside for corn and soybeans
Winnipeg – Soybean and corn futures at the Chicago Board of Trade may be finding some short-term support from harvest delays across the Midwest, but expectations for large crops overall should limit the upside for prices going forward, according to an analyst. “The highs could be in right now,” said Rich Feltes, of R.J. O’Brien […] Read more
Canola, soy rebound
WINNIPEG – The ICE Futures canola platform finished the day stronger, taking back all of us yesterday’s losses. Chicago Board of Trade soybeans and oil contracts were stronger. Meal contracts jumped around in value during the day, but finished the trading session higher. Slow harvest progress is supported the canola market. More snow fell in parts of […] Read more
Trump cites ‘historic’ trade pact with Canada, Mexico
WASHINGTON, Oct 1 (Reuters) – U.S. President Donald Trump on Monday took credit for salvaging a trilateral free trade accord with Canada and Mexico, marking it as a victory in his campaign to reshape global commerce as financial markets breathed a sigh of relief. The deal, announced on Sunday, is a reworking of the 1994 […] Read more
