Markets
Winnipeg, MB, (CNS Canada) – The ICE Futures Canada canola posted gains to finish the week, taking support from the Canadian currency. The Canadian dollar was lower, relative to its U.S. counterpart, which made canola more attractive to international buyers. Gains in U.S. soybeans were supportive for the market. A proposal by U.S. President […] Read more
Markets
Canola picks up gains amid market turmoil
Canola strengthens with soybean
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, seeing a continuation of their month-long uptrend as supportive technical signals and gains in the Chicago Board of Trade soy complex provided support. Weakness in the Canadian dollar contributed to the gains, as the currency broke below 78 U.S. cents. However, increased […] Read more
China wants canola; farmers not selling
Canola exports have been humdrum but don’t blame lack of international interest, says an exporter. “Right now, we’re not really able to meet all the demand that’s there,” said Jarrett Beatty, trading manager with Parrish and Heimbecker. Bulk shipments through week 29 of the 2017-18 crop year are 5.78 million tonnes, which is nearly identical […] Read more
Go back to analytical foundations when present is crazy
The recent stock market sell-off and panic gave a lot of traders and analysts a stiff slap in the face, forcing them to examine whether they saw signs of it coming. It also gave seasoned traders and analysts a chance to step back and think about their core, foundational markets beliefs and to review the […] Read more
Oat outlook soft, but now might be time to price
Oat growers just can’t seem to catch a break when it comes to selling their crops. Sure, they have been growing great crops, but that’s led to heavy stocks and continual weak prices. “It could be 24 months where we struggle with averaging (cash prices of $2.75-$3.25 per bushel) in Manitoba,” Randy Strychar of oatinformation.com […] Read more
Weather moving markets more than inventory
The latest outlook report from the United States Department of Agriculture failed to amaze, as most projections about acres and crops were already factored into the news. However, the Feb. 23 report confirmed the market’s assumptions and left prices up to the weather. And since Feb. 23, the weather has jumped in. “No question that […] Read more
Use export problem to boost domestic pulse consumption
Never let a crisis go to waste. These words, or something close to them, have been attributed to many, from Machiavelli to Winston Churchill to John F. Kennedy. The idea is that a crisis creates new opportunities that can make the future better. A fire may destroy a manufacturing plant, but when rebuilding you can […] Read more
Canfax report
Fed prices steady Prices for fed steers and heifers held steady last week. Western Canadian fed slaughter and production volumes were both up more than seven percent compared to last year. It’s a good news story from a price perspective because producers have been able to market more fed cattle at higher prices compared to […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$49.98 per hundredweight Feb. 23, down from $51.42 Feb. 16. U.S. hogs averaged $62.63 on a carcass basis Feb. 23, down from $64.82 Feb. 16. The U.S. pork cutout was $79.48 per cwt. Feb. 23, up from $76.99 Feb. 16. The estimated U.S. […] Read more
Canola rises to three-month highs
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Wednesday, hitting their highest levels in three months as gains in Chicago Board of Trade soybeans and weakness in the Canadian dollar provided support. While CBOT soyoil futures were softer on the day, the activity in soymeal and the Canadian dollar were enough […] Read more
