Markets
The ICE Futures canola platform was mixed at close Wednesday, taking support from United States futures. Chicago Board of Trade soybean, oil and meal contracts were all higher, as trade war fears ebbed. Statistics Canada released its updated production numbers this morning, using satellite data. The report pegged canola production at 21 million tonnes, which […] Read more
Markets
Canola waffles, soy up
Ag Canada lowers canola carryout forecast by one million tonnes
Winnipeg – Canadian canola carryout stocks at the end of the current marketing year (2018/19) will be considerably tighter than earlier estimates, according to updated supply/demand tables from Agriculture and Agri-Food Canada, released on Sep. 18, 2018. Agriculture Canada’s market analysis branch forecast canola ending stocks for 2018/19 at 1.250 million tonnes, which would be […] Read more
CDN canola and wheat crops hiked in new production report
Statistics Canada raised its production estimates for most crops across Western Canada in its new production report, released Wednesday, Sep. 19. Unlike traditional reports that used information gathered from phone surveys, the model-based report was comprised of satellite imagery collected during the month of August. The report has only been in existence for a few […] Read more
U.S. harvest progress
Corn across 18 states responsible for 92 per cent of all U.S. corn acreage in 2017 are 93 per cent in the dent stage, according to data from the USDA. That’s above the five-year average of 86 per cent normally at the dent stage this time of year. Meanwhile, 54 per cent of corn was […] Read more
Hogs, poultry hit by Florence
Record-setting rain and floods in North Carolina caused by Hurricane Florence have destroyed the state’s poultry sector with 3.4 million chickens and turkeys reported killed. Pig losses are estimated at 5,500. Widespread power outages and flooded roads are making it difficult to get help to abandoned livestock operations. The state is home to about nine […] Read more
Canola continues down; soy too
WINNIPEG – The ICE Futures canola platform continued its downward slide Tuesday, as trade war tensions between the United States and China spilled over. Soybean contracts at the Chicago Board Trade hit newcontract lows, dragging canola down with it. U.S. President Donald Trump placed new tariffs yesterday on US$200 billion on Chinese goods, China fired […] Read more
Canola up slightly, soy drops lightly
The ICE Futures canola platform chopped around in a narrow trading range for much of Friday before ending with a small gain. Weather issues continue to be one of the main sources of support for the market, as cold, wet weather delays harvest efforts on the Prairies. Weakness in the Canadian dollar was bullish for […] Read more
Hog disease may spoil soybean party
A price rally is expected after the China-U.S. trade war is resolved, but African swine fever could slash need for hog feed
Soybean prices could rally as much as $1.50 per bushel once China and the United States sort out their trade spat, but the rally will be short-lived, says an analyst. Soybean prices are mired near 10-year lows despite record U.S. summer crush and export programs because China has stopped buying U.S. product as a tariff […] Read more
More chickpeas expected as crop bucks trend
Saskatchewan growers are expected to harvest about 221,000 tonnes of chickpeas this year, up from 95,600 in 2017
Saskatchewan farmers are expected to turn in a smaller pulse harvest this fall, although chickpea production is bucking the overall downward trend. Chickpeas are the only Saskatchewan pulse crop to post a production increase in Statistics Canada’s latest estimate of 2018 production. The estimates show Saskatchewan growers are expected to harvest about 221,000 tonnes of […] Read more
Canadian pork is collateral damage in trade battles
Canadian hog producers suffered this summer through no fault of their own and are asking the federal government for financial assistance. Hog futures and cash prices fell much more than the normal seasonal retracement following the usual spring rally. The main reason for the decline was the trade war the United States is fighting against […] Read more
