Markets
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were mostly lower on Thursday, as recent rainfall across much of Western Canada had investors taking some of the weather premiums out of the futures. The improving moisture conditions also encouraged some farmer selling, according to traders. Losses in Chicago Board of trade soybeans and soyoil […] Read more
Markets
Rain dampens canola futures
China changes expected to hike fertilizer prices
Fertilizer industry executives say nitrogen fertilizer prices are on the rise. Bert Frost, vice-president of sales with CF Industries, said seismic changes in what was once the top urea-exporting nation are a big reason the nitrogen supply/demand situation is tightening. “What we’re seeing in China is monumental,” he told delegates attending BMO Capital Markets’ Farm […] Read more
Larger Canadian canola carryout to tighten
WINNIPEG (CNS Canada) — Canadian canola ending stocks for the current 2017-18 marketing year are forecast to be much larger than earlier thought, while new crop supplies should tighten, according to the latest supply and demand tables from Agriculture Canada, released May 24. Agriculture Canada’s market analysis branch pegged canola ending stocks for 2017-18 at […] Read more
Black Sea wheat crop not in trouble yet
U.S. winter wheat crop in far worse shape because of poor emergence, inadequate soil moisture and continued drought
It is too soon to be getting anxious about the Black Sea wheat crop, say a couple of analysts. North American futures markets responded last week to reports of dry conditions harming crops in Russia and Ukraine. SovEcon, a Russian agriculture consultancy firm, trimmed its Russian wheat harvest forecast slightly last week to 77 million […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$49.74 per cwt. May 25 up from $49.70 May 18. U.S. hogs averaged $65.07 on a carcass basis May 25, up from $64.89 May 18. The U.S. pork cutout was $75.60 per cwt. May 25, up from $73.66 May 18. 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. Fed market stabilizes The fed market stabilized last week following the second largest weekly price drop in […] Read more
Stars align to support crop prices
Crop futures prices often rally in the spring and early summer because traders set prices to account for a weather risk premium and this year is no different. Indeed, prices for nearby futures in wheat, canola and corn are at or near the top of the common range of price in the last two or […] Read more
Canola, soy trend in different directions
Winnipeg – ICE Futures Canada canola contracts were stronger on Tuesday, largely ignoring a downturn in the Chicago Board of Trade soy complex. The losses in soybeans were tied to renewed concerns over the trade dispute between China and the United States, with any issues between those two countries possibly opening the door for more […] Read more
Weekly Manitoba Cattle Report
Winnipeg(CNS Canada) – Activity is slowing down for the summer at cattle yards across Manitoba, although values remain steady for the odds-and-ends still finding their way to market. A number of cattle yards are already operating at a reduced summer schedule, with sales on a bi-weekly basis before a complete shut-down in July. Volumes were […] Read more
In U.S. soybean splurge, Beijing faces tough sell to saturated market
Brazilian beans are about $15 per tonne cheaper than American ones
BEIJING (Reuters) – China’s nod to state-owned companies to start buying U.S. soybeans again to help placate its top trading partner may turn into a test of Beijing’s will over market forces. A buying spree right now would be painful for well-stocked Chinese soybean end-users and traders, according to interviews with five executives at major […] Read more
