Markets
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, as gains in the Chicago Board of Trade soy complex and weakness in the Canadian dollar provided support. The Canadian dollar fell sharply relative to its U.S. counterpart, losing roughly half a cent to trade at its weakest levels in nine months. […] Read more
Markets
Canola, soybeans settle higher
Durum acres hard to predict
Predicting durum acres is a more difficult task than usual this year, say analysts. “There’s a few more variables at play,” said Jim Peterson, marketing director with the North Dakota Wheat Commission. Lingering drought in the prime durum growing regions, Italy’s country-of-origin-labelling and India’s pulse crop tariffs are making forecasting more challenging. Peterson’s best guess […] Read more
U.S. ethanol-gasoline blending under fire
Senator says system hurts oil sector and asks president to cap renewable fuel credits at a fraction of their current value
ANAHEIM, Calif. — Ethanol is once again under attack in the United States, threatening corn and other grain prices. Texas Senator Ted Cruz and the oil industry have asked U.S. President Donald Trump to cap renewable fuel credits at 10 cents per gallon, which is a fraction of their current value. Credits can be bought […] Read moreWeather and politics driving crop markets at the moment
Argentina’s drought, dry soil in the American southern hard winder wheat zone, U.S. President Donald Trump’s tough trade talk and a mostly welcome dump of snow in the eastern Prairies dominated the market news. The U.S. Department of Agriculture updated its monthly supply and demand report last week, slashing Argentina’s soybean crop by seven million […] Read more
Few surprises in supply-demand report
Canola fell on news that American soybeans are in ample supply and Brazil’s crop looms large. The United States Department of Agriculture World Agricultural Supply and Demand Estimates for March held few surprises for the market. Corn was the winner for the day, with nearby futures prices on Chicago rising to match last July’s high […] Read more
Marketing plans need adjusting: ag economist
ANAHEIM, Calif. — Only a few hands went up when James Mintert asked a room full of farmers if they updated their marketing plans throughout the year. “That can help you tremendously in your marketing plan and yet it’s something a lot of us don’t do,” said the professor of agricultural economics at Purdue University. […] 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. US interest on fats Alberta fed cattle prices have been at a premium to the United States […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$48.92 per cwt. March 9, down from $49.25 March 2. U.S. hogs averaged $61.38 on a carcass basis March 9, down from $62.29 March 2. The U.S. pork cutout was $73.43 per cwt. March 9, down from $78.11 March 2. The estimated U.S. […] Read more
Canola bids ‘not too bad’
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts have seen some large price swings over the past two weeks, but the bids in the countryside remain relatively favourable overall, according to an analyst. The May contract hit a nearby high of C$530.50 per tonne on March 5 before dropping to a session low of […] Read more
Market access continuing problem for canola industry
Farmers like to have excuses to head down south to warmer climes in the winter. Heck, almost all Canadians do. That’s the driving force behind holding all sorts of North American winter agriculture conferences in resort locations in the southern third of the United States every year, including that of the Canola Council of Canada, […] Read more
