Markets
Winnipeg, December 22 (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished mixed on Friday, as traders rolled out of the January contract ahead of the holidays in favour of March. Investors took care to position themselves ahead of the extended holiday weekend. No one wanted to be caught in a […] Read more
Markets
Canola investors cautious ahead of holidays
Rising China pea demand could revolutionize pulse market
Pulse markets are experiencing short-term pain but the outlook is for long-term gain, says the leader of an industry association. Gord Bacon, chief executive officer of Pulse Canada, recently returned from a trade mission to China where there is no end in sight to the rising demand for peas. The trade delegation toured one fractionation […] Read more
Canola heads into holiday season on a downturn
Canola’s value compared to soybeans was fairly strong this fall, but its shine has dulled with recent events, particularly the decline in vegetable oil values. On Nov. 1, the price of January canola was $11.76 per bushel, while Chicago January soybeans, converted into Canadian dollars were $12.69, meaning canola’s price was about 93 percent of […] Read more
Strong dollar weighs down canola contracts
WINNIPEG, December 21 (CNS) – Canola contracts on the ICE Futures Canada platform were lower at 10:43 CST on Thursday, tracking losses in the U.S. soy complex. Strength in the Canadian dollar also weighed down canola, as it made the commodity less attractive to international buyers. The dominant March contract has sunk below the psychologically-important […] Read more
Thriving cash market survives wheat board demise
This year felt like the year the prairie cash grain market came of age. As with all situations of life, growth and aging, this one contains elements that have flourished and prospered and those that have weakened and died. While marketing platforms, marketing advisers and price competition grew more transparent and robust, some post-Canadian Wheat […] Read more
Forecaster sees stable EU wheat, durum
PARIS, France (Reuters) — Farmers in the European Union are forecast to harvest about the same amount of soft wheat in 2018 as they did this year as higher projected yields compensate for a minor fall in seeded area, consultancy Strategie Grains said. Durum-seeded area is expected to be the same year on year, and […] Read more
Dry weather leaves U.S. Plains wheat vulnerable to freeze damage
CHICAGO, Ill. (Reuters) — A combination of delays to autumn planting and dry conditions in the southern U.S. Plains have left the hard red winter crop vulnerable to freeze damage, crop experts said, which could further tighten supplies of high-protein wheat. A cold spell is forecast for later in December. The U.S. Department of Agriculture […] Read more
Markets snapshots
U.S. soybean, wheat ending stocks up as exports fall WASHINGTON, D.C. (Reuters) — The forecast for U.S. year-end stocks of wheat and soybeans were raised in the monthly U.S. Department of Agriculture supply and demand report because of dwindling export demand for U.S. supplies. However, the department trimmed its year end stocks estimate for corn […] Read more
WP livestock report
U.S. hogs dip lower Retailers had most of their holiday needs met. Pork buying will slow until retailers measure how sales have gone. The U.S. national live price average for barrows and gilts was US$46.60 per hundredweight Dec. 15, down slightly from $46.94 Dec. 8. U.S. hogs averaged $56.47 on a carcass basis Dec. 15, […] 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 up The Canfax steer average hit a new second half high at $154.26 per hundredweight, […] Read more
