Markets
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
Markets
ICE Canada canola futures rise to near 3-week high
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
Camelina OK for hen rations
The Canadian Food Inspection Agency has approved the inclusion of 10 percent camelina meal in layer hen rations. A promoter of the crop hopes that will be enough to convince someone to build a crush facility in Saskatchewan. The CFIA had previously approved camelina meal for broiler chicken rations at levels of up to 12 […] Read more
Oat expert predicts 2017 rally
Oats might have ended their recent rally, but analysts are not expecting them to fall back into the gutter. Oat supplies are so short that another rally is likely, although not for a few months. “We’re closer to the record low than the average and that’s only taking half the (possible) production loss into account,” […] Read more
Copper rally unlikely to mark commodity boom
Is there such a thing as Dr. Copper? In the world of metal commodity trade, copper is seen to have predictive power concerning the global economy. In a way, the Dr. Copper moniker is similar to the adage “oats knows” in the grain world. A rise or fall in oats was once considered to be […] Read more
WP livestock report
Hogs fall Large market-ready hog supply and huge slaughter numbers kept the pork supply strong and put downward pressure on hog prices. Packers are adding extra shifts to handle all the hogs, and so the slaughter pace in the U.S. is running above the stated capacity of the existing plants, which is 2.45 million, based […] 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 lower There was insufficient trade to establish a Canfax weekly weighted average price for steers […] Read more
