Markets
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled with small gains on Friday, recovering from earlier losses as speculative buying interest provided support. After drifting lower with Chicago Board of Trade soybeans and soyoil in early activity, canola uncovered some support of its own and moved above unchanged in the most active front […] Read more
Markets
Canola recovers to post small gains
Canola slips with soyoil
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex finished lower on Thursday, due to weakness in U.S. soyoil. The May contract ran into some technical resistance, which drove it lower. Large world supplies of oilseeds weighed on prices. The Canadian dollar has risen significantly since Monday, which undermined the market. However, the […] Read more
Chinese corn shortage could cause rally
Analysts believe demand is outstripping supply, which could deplete the country’s reserves and boost grain prices
China’s corn market has shifted from surplus to deficit, which is drawing down the government’s stockpile and could eventually lead to a sustained price rally for corn and other grains, say analysts. According to the Dim Sums web blog, futures markets analysts in China estimate there will be a supply-demand corn deficit of 48 million […] Read more
Farmers who eye canola rally should consider price protection
Farmers have been given a gift for this last little bit of pre-seeding. They’ve also been handed a chance for fresh risk, if they’re that sort of guy. It all comes from the canola market rallying about 50 cents a bushel since midwinter, especially in terms of profitability. It comes from a nice little follow-on […] Read more
Rain comes too late, but markets still fall
Weather sent the markets tumbling earlier this week, but down on the farms it came too late for real change. Dry conditions persisted throughout most of the growing season in Argentina, setting in motion a cascade of events that some late-growing season showers wouldn’t fix. Winter wheat acres in the American Plains also saw some […] Read more
Consider canola pricing, with all that is going on
Opportunities to price this fall’s canola crop will come and go all year, but locking in larger portions at a reasonable margin might be a little tougher find later than they are today. The two-month increase in canola that took November futures from the $495 per tonne mark to the $520 range last week, and […] Read more
Green lentil outlook bright, despite drop in prices for reds
India’s increased pulse duties have hit red lentils hard, but the greens avoid the resulting price plunge
There is no disputing that lentil acres are going to tumble in 2018 but not every type of lentil is headed for a decline, say analysts. Agriculture Canada forecasts lentil plantings will fall by a whopping 1.2 million acres, a 27 percent drop. Brian Clancey, analyst with Stat Publishing, believes all of the lentil decline […] Read moreRussian opportunities in Asia open to debate
Early projections call for another year of big crops in Russia and Ukraine. Coupled with large carry-in stocks, the grain available for export could rival the record smashing amount moving in the current crop year. Much has been written about the region’s growing dominance in global wheat trade, but the head of U.S. Wheat Associates […] Read more
Canfax report
Fed market steady Alberta direct cattle sales got off to a sluggish start last week, but prices averaged fully steady with the previous week. Most sales were dressed from $276-$278 per hundredweight delivered. Canadian steer carcass weights for the week ending March 10 surged 13 pounds larger than the previous week to 917 lb. but […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$47.18 per hundredweight March 16, down from $48.92 March 9. U.S. hogs averaged $57.26 on a carcass basis March 16, down from $61.38 March 9. The U.S. pork cutout was $74.30 per cwt. March 16, up from $73.43 March 9. The estimated U.S. […] Read more
