Markets
WINNIPEG, Manitoba, Nov 24 (Reuters) – ICE Canada canola futures eased on Thursday in slow trading with U.S. markets closed for Thanksgiving. * Canola’s losses were a small correction to the crop reaching its highest price since May during the previous session, a trader said. * 96 percent of Saskatchewan canola harvest combined as of […] Read more
Markets
ICE Canada canola futures ease in thin U.S. holiday trade
ICE Canada canola futures jump with soyoil on U.S. biofuels targets
WINNIPEG, Manitoba, Nov 23 (Reuters) – ICE Canada canola futures jumped 1.5 percent on Wednesday, hitting its highest most active price since May, taking strength from a soyoil rally after the United States boosted 2017 biofuels requirements. * The U.S. government issued final requirements for biofuel use for next year, saying energy companies must boost […] Read more
Rising durum bids topping out in western Canada
Winnipeg, Nov. 22 (CNS Canada) – Durum bids in Western Canada posted solid gains over the past two months, with concerns over the quality of the crop behind much of the strength. However, prices are showing signs of topping out, and the highs may be in for now. Spot durum bids in southern Saskatchewan, where […] Read more
Time to be statesmanlike and make nice with Mr. Trump
When Donald Trump shocked the planet and won the U.S. presidential election, many were outraged, disgusted, furious, upset and traumatized. Protestors took to the streets – even here in Canada – and everybody’s Facebook and Twitter feeds filled with infuriated rages and hurtful screeds from those who despise the man. A few world leaders essentially […] Read more
ICE Canada canola futures dip on commercial hedges
WINNIPEG, Manitoba, Nov 22 (Reuters) – ICE Canada canola futures eased from a recent high on Tuesday, pressured by commercial hedges as the harvest in Western Canada wraps up. * Nearby canola partly recovered from its intra-day lows in sympathy with gains in the soybean market, a trader said. * January canola lost $1 at […] Read more
ICE Canada canola futures rise to near 3-week high
WINNIPEG, Manitoba, Nov 21 (Reuters) – ICE Canada canola futures rose on Monday to a nearly three-week high, pulled up by strength in U.S. soybean and Malaysian palm oil markets. * Farmer selling into the cash pipeline, as late-harvested supplies come in, limited canola’s advances, a trader said. * January canola added $6.70 at $521.20 […] Read more
U.S. October feedlot cattle placements hit 4-year low
By Theopolis Waters CHICAGO, Nov 18 (Reuters) – The number of cattle placed in U.S. feedlots in October was down five percent fom a year earlier, the U.S. Department of Agriculture said on Friday, a four-year low for that month that was in line with average trade predictions. Ranchers grew cattle outside of feedlots longer […] Read more
CME live cattle futures gain slightly before USDA report
CHICAGO, Nov 18 (Reuters) – Chicago Mercantile Exchange live cattle futures nearby contracts posted modest gains on Friday as traders tweaked positions before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CST (2000 GMT). Most analysts, on average, believe fewer animals were put into feedlots in October than a year ago. December […] Read more
Harvest delay throws wrench in data
Statistics Canada’s survey started when many crops were under snow, meaning final report will need analytical guesswork
Prairie crops were a mess this fall, and that’s creating a mess of adjustments in Statistics Canada’s crop production report to be released in December. “This is a very unusual situation,” said Yves Gilbert, head of the Statistics Canada wing that produces the crop production reports and estimates. “The way our surveys are de-signed right […] Read moreUrea fertilizer prices stabilize as global supply tightens
Urea fertilizer prices are starting to firm after years of weakness. Chuck Magro, president of Agrium Inc., told investment analysts during a conference call announcing third quarter results that the tide is starting to shift. “Nitrogen prices have stabilized, and we have seen some recent global tightening of supply-demand, which has had a positive impact […] Read more
