Markets
Winnipeg, Nov. 10 (CNS Canada) – Canada exported the most canola in a single week ever during the week ended Nov. 5, according to the latest Canadian Grain Commission report. The CGC pegged weekly canola exports at 470,200 tonnes of canola during the reporting period. That compares with average weekly exports over the past year […] Read more
Markets
Record weekly canola exports reported
Urea prices should cool this winter
The recent run-up in nitrogen fertilizer prices is going to be short-lived, according to industry executives. Prices have been rising in North America since late summer, despite a global oversupply of the ingredient. Mark Fracchia, president of PCS Potash, said dealer inventories are down in the United States because they were anticipating new capacity coming […] Read more
Relaxed rules on U.S. wheat imports possible
Canadian farmers have nothing to fear if Canada gives the United States wheat access to its grading system, say industry executives. However, not everyone agrees with that sentiment. U.S. Wheat Associates and the National Association of Wheat Growers have lobbied for years for fair treatment of American wheat. Right now any U.S. wheat that crosses […] Read more
U.S. sets final anti-subsidy duties on Argentine, Indonesian biodiesel
WASHINGTON/CHICAGO, Nov 9 (Reuters) – The U.S. Department of Commerce on Thursday said it set final anti-subsidy duties on biodiesel imports from Argentina and Indonesia. The final duties for soy-based Argentine biodiesel were even higher than preliminary countervailing rates set in August, when imports ground to a virtual halt as Argentine exporters said the tariffs […] Read more
Weak loonie, strong oil good for canola prices
This fall we’ve had the unusual situation of the Canadian dollar falling while the price of crude oil rises. Since Sept. 1, nearby U.S. oil futures rose about $8.30 per barrel, trading Nov. 6 near US$56.83, the highest since July 2015. Oil rose on OPEC’s success in limiting production and expectations that it will continue […] Read more
Canola sales make sense if looking for cash flow
If you have to cash out a crop right now, why not canola? After strong counter-seasonal price gains recently, a weakened Canadian dollar and storage concerns, canola might be the crop to move. That’s what Adam Pukalo of P.I. Financial is telling his clients. “I’m not sure how much higher we’re going to get,” said […] Read more
Hedging with U.S. futures and options tricky but possible
Finding perfection in futures markets is an impossible task. However, brokers and traders say North America’s main futures contracts can provide good risk management, even if they sometimes take a bit of engineering and TLC. “A lot of times it’s never going to be a perfect hedge, especially with wheat, but it’s giving you some […] 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 market rallies The weaker Canadian dollar and rising cash cattle market in the United States drove […] Read more
WP livestock report
U.S. hogs lower While the weaker Canadian dollar helped support cash hog prices in Canada, the U.S. market weakened on improving market-ready supply. The United States is proposing to change its hog grading standards to include colour and fat marbling, putting greater emphasis on factors that affect flavour. If implemented, the new grading would be […] Read more
Can U.S. corn crop get even bigger?
WASHINGTON, Nov 9 (Reuters) – The U.S. Department of Agriculture’s 2.1 percent bump to its corn yield forecast on Thursday signals this year’s bumper harvest may get even bigger, as the government has in the past followed up late season increases with further upward adjustments. The USDA added 3.6 bushels per acre to its already […] Read more
