Markets
Canola futures finished the week on an up note, supported by the weak loonie, rising soy oil and crude. November canola closed at $510.20 per tonne, up $2.40 and January closed at $519.20, up $2.90. For the week, November rose $8 and January climbed $8.70. The most traded January contract rose 1.7 percent over the […] Read more
Markets
Canola gains 1.7 percent on week supported by weak loonie, rising soy oil
China cuts state wheat price in bid to reduce production
BEIJING, Oct 27 (Reuters) – China, the world’s top wheat producer, has cut its minimum purchase price for the grain for 2018 to help whittle its mammoth stockpiles and adjust to the market, the first such move since the policy was launched over a decade ago. Winter wheat is already seeded, so the impact of […] Read more
CME live cattle hits three-month high on cash price outlook
CHICAGO, Oct 26 (Reuters) – Chicago Mercantile Exchange live cattle futures reached their highest level in nearly three months on Thursday, fueled by short-covering and renewed optimism for this week’s cash prices, said traders. October live cattle, which will expire on Oct. 31, finished 1.125 cents per pound higher at 114.150 cents. Most actively traded […] Read more
‘It’s remarkable’: Alberta canola survives fierce winds
Mannville, Alta. — After a massive windstorm on the eve of Oct. 17, swathed canola in Alberta’s northern regions was largely unscathed. Keith Gabert, an agronomy specialist with the Canola Council of Canada, said while some of the crop blew over and piled up, much of it hardly moved. “We’re very fortunate (the windstorm) didn’t […] Read more
Flax prices finally break long market silence
Flax prices are beginning to creep higher in Canada and that comes as no surprise to Harold Davis, author of Prairie Crop Charts. FOB prices jumped to $12.50 per bushel last week from $12 previously, breaking a long stretch of steady to lower prices since January. Davis knew better prices were on the horizon partly […] Read more
Analysts on opposite ends of canaryseed outlook
An analyst says there could be fireworks in the canaryseed market this winter, while one exporter forecasts something more akin to a flickering candle. Canadian canaryseed prices have experienced an “enormous uptrend” over the past dozen years until 2015 arrived and there was a downward correction, said Harold Davis, author of Prairie Crop Charts. It’s […] Read more
Oats posts harvest low, movement frees bin space
Most Prairie oat growers appear to be relatively satisfied as they grind their way through a dull oat market. Prices might not be good, but the crop has been moving and yields have been making up for soft prices. “People are buying it and using it,” said Neil Townsend of FarmLink Marketing. “It’s providing cash […] Read more
Expect lower U.S. winter wheat acres despite high yields
The pace of winter wheat seeding in the United States is much slower than normal, particularly in the key state of Kansas. Nationally, winter wheat seeding as of Oct. 22 was 75 percent done compared to the five-year average of 80 percent. In Kansas, only 67 percent was in the ground, down from the average […] Read more
More cattle moving into U.S. feedyards
CHICAGO (Reuters) — The number of cattle placed in U.S. feedlots in September was up 13.5 percent over last year at the same time, topping analysts’ average forecasts and hitting the highest level for the month in six years. September placements were 2.15 million head, the U.S. Department of Agriculture cattle on feed report said […] Read more
WP livestock report
Hogs rise The hog cash market continued to rise on stronger demand as two slaughter plants, the Seaboard Triumph Foods in Sioux City, Iowa, and Clemens Food in Coldwater, Michigan, have recently opened in the United States and packer margins have been attractive. Buying for October Pork Month in the U.S. is coming to a […] Read more
