Markets
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts bounced off their session lows in the final minutes of trade to settle narrowly mixed as the market consolidated ahead of the weekend. After posting sharp gains on Thursday, canola was looking a bit overdone to the upside, and was lower in sympathy with Chicago […] Read more
Markets
Canola mixed; soybeans down
Canola climbs; soybeans down
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were up sharply on Thursday, as speculative short-covering, solid end user demand, and weakness in the Canadian dollar all provided support. A looming strike at Canadian Pacific Rail provided the catalyst for the speculative short-covering that drove canola higher, according to a broker. He said […] Read more
Dairy not sounding like deal breaker
Americans would like to see NAFTA talks address supply management, but no one wants it to jeopardize the trade deal
WASHINGTON, D.C. — Canada’s dairy system continues to be the main agricultural issue vexing North American Free Trade Agreement renegotiations, U.S. politicians and agriculture officials say. It was the only specific NAFTA complaint about agricultural trade raised by a number of Washington players in meetings with North American Agricultural Journalists. “We want to make sure […] Read more
Dull and diligent likely to prevail over Trump trade tactics
America’s mercurial, combative, antagonistic and games-playing president fancies himself a brilliant negotiator. But I’m betting he’s going to get fleeced by Canada’s dull and diligent trade team, and so successfully that he never even realizes he’s been had. I was just in Washington, D.C., and President Donald Trump’s trade talk is still the talk-of-the-town, which […] Read more
Late seeding in U.S. could drive more acres to soybeans
Delays in spring seeding in the United States could become a big talking point in wheat markets. Thirteen percent of the U.S. spring wheat crop was in the ground last year by mid-April, and that was behind the previous five year average of 21 percent. Given the cold weather that gripped the Dakotas and the […] Read more
Canadian pork producers feel stress of trade tensions
Pork producers on both sides of the Canada-United States border feel caught-in-the-middle of escalating world trade tensions. Neither side sees much to gain and sees lots to lose if the North American Free Trade Agreement dies or if a trade war breaks out between the U.S., one of the world’s biggest exporters, and China, the […] 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 absent Fed steer prices dropped by 85 cents per hundredweight last week to $154.98, while […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$37.61 per hundredweight April 13, up from $35.08 April 6. U.S. hogs averaged $50.06 on a carcass basis April 13, up from $45.27 April 6. The U.S. pork cutout was $66.33 per cwt. April 13, down from $66.69 April 6. The estimated U.S. […] Read more
Canola mixed at closing bell
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Tuesday’s close, as support from gains in Chicago Board of Trade soybeans was countered by the bearish influence of the firmer Canadian dollar. Supportive technical signals contributed early gains, as recent losses were starting to look a bit overdone. The possibility of […] Read more
Canola weaker, along with soy
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Monday, taking some direction from declines in the Chicago Board of Trade soy complex. Continued strength in the Canadian dollar contributed to the weaker tone, as the rising currency cuts into crush margins. However, lingering winter conditions across much of Western Canada provided […] Read more
