Markets
After months of political back-and-forth, Bill C-49 is finally a done deal. The Transportation Modernization Act passed through the Senate yesterday just hours after the House of Commons voted to reject two final amendments the Senate had proposed. It still requires Royal Assent, but that is expected soon and certainly before the Commons rises for […] Read more
Markets
Parliament passes transportation bill; royal assent pending
It will require more transparency from the railways
Soybeans push canola higher
Winnipeg (CNS Canada) – The ICE Futures Canada canola market ended slightly higher on Tuesday, taking strength from gains in Chicago Board of Trade soybeans and soymeal. Much of Canada’s canola crop could use more rain, which lent support to prices. Technical buying was a feature as the canola market, which was closed yesterday, played […] Read more
Weaker loonie drives Prairie wheat bids up
CWRS basis levels across Western Canada range from C$30 to C$58 below the futures.
Winnipeg (CNS Canada) – A weaker Canadian dollar combined with rising United States futures drove wheat bids in Western Canada higher, for the week ended May 18. Depending on the location, average Canada Western Red Spring (13.5 percent CWRS) wheat prices were up by C$10 to C$11 per tonne across the Prairie provinces, according to […] Read more
Canola retreats from gains
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Friday’s close, retreating from earlier gains with losses in the nearby July contract and strength in the new crop months. Positioning ahead of the long weekend was a feature, as Canadian markets will be closed for Victoria Day on Monday while markets […] Read more
Canola higher, Soybeans drop
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, seeing a modest recovery after Wednesday’s declines. Gains in Chicago Board of Trade soyoil provided some spillover support for canola, although soybeans were lower. There were some ideas circulating the market that looming Chinese tariffs on U.S. soybeans were shifting some oilseed […] Read more
Bullish Canadian dollar threatens farm prices
Bruce Burnett believes the Canadian dollar will continue to strengthen throughout the remainder of 2018, which doesn’t bode well for grain prices. The dollar went on a tear in 2017, rising from a low of 73 cents U.S. in May to a high of 82 cents in September. It has bounced up and down since […] Read more
Global crop stocks forecast to decline due to bad weather
The world grain surplus that has weighed on crop prices for the past few years is getting smaller, with corn leading the way. With recent weather problems in South America, the stocks numbers might shrink even more, although not yet enough to spark the kind of hot price rallies seen a few years ago. After […] Read more
Farmers learn how to get along with grain companies
There’s a revolution going on in grain marketing, and it’s far from done. It’s up-ending century-old expectations and assumptions, which is offering both opportunities and risks to farmers. As you can see in the stories I wrote for our AgFinance section this week on pages 56-57, long-held assumptions about corporate concentration and farmer power might […] Read more
Markets ignore latest supply and demand report
The lower stocks reported in last week’s supply and demand estimates should have generated a bigger market response, said the chief commodities economist at INTL FCStone. “The numbers that came out of the report should have rallied prices or caused some selloffs, but the market’s response was very mundane,” said Arlan Suderman. Last week’s United […] 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 rally ends After spending two weeks averaging in the low $160s, western Canadian fed prices exhausted […] Read more
