Markets
Winnipeg (CNS Canada) – The ICE Futures Canada canola market ended mixed in narrow trading on Thursday, as values pushed and pulled in technical trade after losses earlier in the week. Weakness in the Canadian dollar and advances in the U.S. soy complex lent support to the market. Cold temperatures across Western Canada are […] Read more
Markets
Canola bounces around in consolidative trade
Trade war may also affect wheat
China imported more than 61 million bushels of U.S. wheat last year, making it the country’s fourth biggest customer
Soybeans are the big dog when it comes to United States exports to China. In 2016, American farmers sold about US$14 billion worth of soybeans to China, by far the largest importer of soybeans in the world. But American farmers also sell wheat to China. “People may not know that China imported more than 61 […] Read more
Honey price gap may be permanent for Canadian beekeepers
The honey market continues to break a basic rule of economics. Normally, if two companies are selling a similar product the price should be similar. So, if company X sells apple juice for $2 per litre and company Y sells a similar quality apple juice for $1.40 per litre, company X will lower its price […] Read more
Trade wars create collateral damage and few winners
It is frustrating to see that China’s decision to hit American pork with a 25 percent tariff is also depressing Canadian hog prices. The recent decline in the hog market is not all caused by the trade friction between the two super powers — an expanding American herd is also an influence — but the […] Read more
American growers embrace sunflower production
Yields were solid last fall, prices are up this spring and North Dakota growers are feeling fine about sunflowers. In March, the U.S. Department of Agriculture said sunflower acres this year in North and South Dakota, the two states that dominate American production, will be similar to 2017. John Sandbakken, U.S. National Sunflower Association executive […] 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 cattle under pressure The fed cattle market is under pressure, and this week’s weighted average fed […] Read more
WP livestock report
Hogs down The U.S. national live price average for barrows and gilts was US$35.08 per cwt. April 6, down from $39.06 March 30. U.S. hogs averaged $45.27 on a carcass basis April 6, down from $48.49 March 30. The U.S. pork cutout was $66.69 per cwt. April 6, down from $70.62 March 30. The estimated […] Read more
Canola sinks with vegetable oil
Winnipeg (CNS Canada) – The ICE Futures Canada canola market drifted lower on Wednesday, dragged down by losses in vegetable oil and some technical selling. Recent strength in the Canadian dollar also weighed on values as it made canola less enticing to international buyers. The dominant July contract fell below the C$530 per tonne mark. […] Read more
Canola softens with currency issues
WINNIPEG (CNS) – The ICE Futures Canada canola market finished lower on the day, weighed down by strength in the Canadian dollar. Thoughts the market was overbought also dragged down prices. In its latest supply and demand report that was released today, the USDA forecast a record soybean crop in Brazil of 115 million tonnes. […] Read more
Canola suffers small losses in choppy day
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex chopped around in a tight range for much of the day, before settling with small losses. The market initially rose with speculative trading before profit-taking came in shortly before the close. Gains in the U.S. soy complex were largely offset by strength in the Canadian […] Read more
