Markets
PDQ has been working slowly and quietly to compile prairie grain price information. It hasn’t been flashy, but the online, public system at www.PDQInfo.ca has been growing into its place in the marketplace. “It’s a really good tool for industry, for all of us,” said Dan Mazier, president of Manitoba’s Keystone Agricultural Producers. “It’s very […] Read more
Markets
Forage report provides Sask. growers with market assessment
Saskatchewan forage yields were up in 2016, but quality was down from 2015 and forage prices are significantly lower this year because of excess supply, says a report published by the Saskatchewan Forage Council. “In 2016, hay production yields were slightly above the long-term averages for the province and hay prices are significantly lower than […] Read more
Shortage of quality wheat finally stirs up market
The March Minneapolis spring wheat contract moved into an inverse last week, indicating stronger demand for quality wheat. There is lots of wheat in the world, but many production areas had weather problems that hurt protein or damaged quality. The Minneapolis spring wheat contract reflects the value of quality spring wheat with 13.5 percent protein […] Read more
ICE Canada canola futures ease on hedges
WINNIPEG, Manitoba, Dec 21 (Reuters) – ICE Canada canola futures edged lower on Wednesday on modest commercial hedge selling. * January canola eased 10 cents at $511.60 per tonne. * Most-active March canola shed 20 cents at $520.90 per tonne. March dipped below its 50-day moving average, which may generate technical selling this week, a […] Read more
ICE Canada canola futures slip with soybeans
WINNIPEG, Manitoba, Dec 20 (Reuters) – ICE Canada canola futures dipped on Tuesday, weighed down by weakness in soybean prices that reflected favorable crop conditions in Argentina. * Canola was underpinned by talk of export sales. March contract finished slightly higher than its closely watched 50-day moving average, and a dip below that level could […] Read more
CME lean hog futures snaps 4-session win streak
CHICAGO, Dec 20 (Reuters) – Chicago Mercantile Exchange lean hogs on Tuesday settled lower for the first time in five sessions, hit by profit-taking and weaker cash prices before packing plants close over the Christmas holiday, traders said. February hogs ended 2.100 cents per pound lower at 64.000 cents, and April 1.200 cents lower at […] Read more
Canola weakens on good Argentine weather
Good weather in Argentina cast a pall on soybeans Monday, helping canola to weaken slightly. It was a generally down day in grains futures, but most losses were only of a few cents. January canola futures hung in at $517.50, just beneath the $520 level that has been an important point of support and resistance […] Read more
Mostly firmer CME live cattle futures; hogs end higher
CHICAGO, Dec 19 (Reuters) – Chicago Mercantile Exchange live cattle futures settled mostly higher on Monday after investors sold the December contract and simultaneously bought deferred months in a market strategy known as bear-spreading, said traders. The spreads, along with modest positioning before Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report, lifted some back-months to […] Read more
CME live cattle futures scores 3-1/2 month high
CHICAGO, Dec 16 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday reached their highest level since late August, driven by short-covering following the morning’s strong wholesale beef prices, said traders. Buy stops and technical buying enhanced market advances, they said. December live cattle closed 1.600 cents per pound higher to 112.325 cents, after […] Read more
Good tidings for canola in 2017
Farmers might have long faces from bad canola basis levels for most of the fall, but some analysts think they might find much to smile about in the new year. Buyers’ hunger for canola should strengthen after the present futures rally settles and the cash market chews through enough of the 2016-17 crop. “We think […] Read more
