Markets
Hogs The U.S. national live price average for barrows and gilts was US$47.38 per hundredweight May 11, up from $46.03 May 4. U.S. hogs averaged $61.98 on a carcass basis May 11, up from $59.05 May 4. The U.S. pork cutout was $73.47 per cwt. May 11, up from $69.29 May 4. The estimated U.S. […] Read more
Markets
WP livestock report
Canola, soybeans end lower
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Wednesday, taking some direction from Chicago Board of Trade soybeans and soyoil. Strength in the Canadian dollar added to the weaker tone in canola, as the currency rallied back above 78 U.S. cents. Bearish chart signals contributed to the declines as the […] Read more
Canola strong despite dryness
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Tuesday, with weakness in the Canadian dollar behind some of the strength. Dryness concerns across much of the Prairies were also supportive. Many areas are in need of moisture, but there is little in the nearby […] Read more
Canola holds; soybeans up
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled near unchanged in the most active months on Monday, retreating from earlier gains as the market ran into technical resistance. Gains in Chicago Board of Trade soybeans provided support for most of the session, but soyoil futures were softer on the day. Forecasts calling for […] Read more
Big stocks for canola; oilseeds down for the day
Winnipeg (CNS Canada) – The ICE Futures Canada canola market ended lower on Friday, tracking losses in Chicago Board of Trade soybeans. Fund action was extremely limited, resulting in a day of low-volume trade. Statistics Canada released stocks numbers today that pegged canola stocks at a whopping 9.1 million tonnes as of March 31, which […] Read more
USDA report prompts gains in Canola
Winnipeg (CNS Canada) – The ICE Futures Canada canola market ended higher on Thursday, as a new report from the USDA indicated ending stocks of U.S. soybeans would be smaller than expected. Many analysts had predicted ending stocks would rise slightly, but the agency pegged them at 415 million bushels in 2018/19. That compares to […] Read more
Funds itching to invest in wheat
The U.S. crop is in poor condition, it is dry in the Black Sea region and Australian farmers are seeding into dust
A poor start to wheat crops around the world has piqued the interest of investment funds. “The funds have a very favourable attitude towards the agricultural commodities right now and they’re looking for excuses to own them and that provides one more excuse for them to own,” said Arlan Suderman, chief commodities economist for INTL […] Read more
China-U.S. trade tensions could drag on for months
Some soybean traders last week were gullible enough to believe rumours that great progress was made in the first serious face-to-face meeting of American and Chinese negotiators in the trade dispute between the world’s two leading economies. A U.S. trade delegation of cabinet secretaries led by Treasury Secretary Steven Mnuchin was in China May 3-4 […] Read more
Exchange’s noble history deserves recognition as it leaves Winnipeg
Winnipeg’s 114-year futures-trading existence is ending much the way the Roman and British empires disappeared: with some nostalgia and regrets, but no panic, and an acceptance that its time was done. Most will never recognize it has happened. Farmers probably won’t be worse off after the Intercontinental Exchange, if it gets needed regulatory approval, takes […] Read more
Russia could overtake Canada as world’s top pea producer
This could be the year Russia overtakes Canada to become the world’s largest pea producer. APK Inform reports that Russia produced 3.3 million tonnes of peas in 2017. Planting of spring crops is barely underway so it is hard to know the intentions of Russian farmers, but if they follow their Ukrainian counterparts it could […] Read more
