Markets
Winnipeg – The ICE Futures canola platform ended slightly higher on Thursday, following gains in the U.S. soy complex. Weather issues continue to lend support to futures, as farmers in parts of Western Canada waited for drier conditions to finish the harvest. The November contract continues to receive technical support at the C$485 per tonne […] Read more
Markets
Soy rebounds; weather supports canola
Don’t discount Russian wheat export restrictions; analyst
Russian wheat export controls are still in the cards despite reports of a bigger crop, says an analyst. The United States Department of Agriculture recently bumped up its Russian wheat production estimate by three million tonnes to 71 million tonnes. That is 16 percent below last year’s record crop. There have been rumours that Russia […] Read more
Nitrogen prices rising as supply shrinks, demand remains
Fertilizer industry executives say urea supplies will become tighter in 2019 and beyond. The combination of vastly reduced exports out of China and the slowdown in new capacity coming on line is closing the gap between supply and demand and driving prices higher. China exported 2.4 million tonnes of urea in the 12 months ending […] Read more
ASEAN trade deal lurks in shadows
Two free trade agreements are garnering most of the headlines, but there is another, lesser known potential agreement that has piqued the interest of some Canadian farm groups. Canada is in the midst of contentious negotiations on a revised North American Free Trade Agreement (NAFTA) and has yet to ratify the Comprehensive and Progressive agreement […] Read more
Hedging makes sense, but manage them
Editor’s note: This is the second of a series of columns looking at the lessons learned from the financial crisis of 2008. David Derwin doesn’t have trouble remembering where he was and what he was doing as the financial world fell apart. “I was in the hospital, trying to keep an eye on what was […] Read more
Can China do without soybeans and will it do it this year?
The United Sates Department of Agriculture surprised the market last week with yield forecasts for corn and soybeans that posted new records and were larger than expected. Corn futures fell particularly hard on the monthly report but soybean prices hung on, based on reports that the U.S. had reached out to China to resume talks […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$38.52 per cwt. Sept. 14 up from $29.88 Sept. 7. U.S. hogs averaged $50.59 on a carcass basis Sept. 14, up from $36.57 Sept. 7. The U.S. pork cutout was $76.02 per cwt. Sept. 14, up from $68.56 Sept. 7. The estimated U.S. […] 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. Feeder inventory up The Sept. 1 cattle-on-feed report for Alberta and Saskatchewan reported 707,527 head, the largest […] Read more
Spec selling pressures corn and soybeans
WINNIPEG – A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the United States Department of Agriculture released production estimates on Sep. 12 that were higher than expected. According to a trader in the industry, these and other challenges have painted […] Read more
ICE weekly: Canola to continue downward spiral
Winnipeg – ICE Futures canola contracts will continue to drift downward for the foreseeable future, according to one analyst. “The demand isn’t here because the buyers know that the farmer is undersold and they have to sell it,” said Wayne Palmer, senior market analyst with Exceed Grain. The November canola contract dipped below the $485 […] Read more
