Markets
WINNIPEG, Manitoba, Sept 1 (Reuters) – ICE Canada canola futures rose for the second straight day on Thursday, lifted by short-covering. * Buying may be related to optimism about shipping to China, amid negotiations about a dispute with Canada, but uncertainty lingers, a trader said. * Harvest pressure kept a lid on gains. Some 7 […] Read more
Markets
ICE Canada canola rises on short-covering
Analysts weigh in on massive mustard crop
Analysts have mixed views on whether the biggest mustard crop since 2004 is going to weigh down prices. Statistics Canada estimates growers will harvest 250,500 tonnes of the condiment crop, which is 78 percent more than the previous five-year average. Walter Dyck, seed division manager for Olds Products Co., North America’s second largest mustard manufacturer, […] Read more
Peas, lentils squeeze out flax acres
Flax growers should refrain from getting too bullish about harvesting the smallest crop since the Triffid era, say analysts. Statistics Canada estimates growers will produce 575,800 tonnes of the oilseed, which is 39 percent smaller than last year’s crop. It is only slightly larger than the crops were in the three years after Canada lost […] Read more
Supply woes drag CME live cattle futures to 5-year low
CHICAGO, Sept 1 (Reuters) – Chicago Mercantile Exchange live cattle futures slumped on Thursday to their lowest level in five years following this week’s weaker cash prices on anticipation of increased supplies over the next few months, traders said. October live cattle ended down by the 3.000 cents per pound daily price limit, at a […] Read more
Analysts see little price recovery on horizon
Regardless of a bullish canola surprise in Statistics Canada’s recent crop production estimate, the bears are still in charge of that and other crop markets. That’s got analysts and advisers offering farmers few hopes for better prices, but perhaps better ways to deal with the downdrafts than just hanging on and praying. “I think it’s […] Read more
Song for Churchill port: you’re nobody till somebody loves you
Churchill could have a future as a grain-exporting port, but only if it is owned and operated by a grain company that owns a prairie elevator. Any other owner for the terminal will be permanently crippled. It will struggle to entice grain cars to roll down one of the most challenging rail lines on earth […] Read more
Canadian farmers to harvest less canola
A wet spring caused canola production to drop one percent; wheat harvest is expected to rise by 10.5 percent
WINNIPEG/OTTAWA (Reuters) — Canadian farmers are set to harvest slightly less canola but more wheat, according to Statistics Canada’s first production report of the year. Mostly favourable spring weather raised expectations of a bumper harvest in Western Canada, where most of the country’s grains and oilseeds grow. Summer storms, including tornadoes and hail, have since […] Read moreCanfax 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 The Canfax weekly weighted average for fed steers was $139.36 per hundredweight, down $2.85 and […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $48.14 per hundredweight Aug. 26, up from $47.90 Aug. 19. U.S. hogs averaged $60.68 on a carcass basis Aug. 26, down from $62.59 Aug 19. The U.S. pork cutout was $76.39 per cwt. Aug. 26, down from $74.56 Aug. 19. The estimated U.S. […] Read more
Wheat records 4th month of decline; corn, soy also slide
CHICAGO, Aug 31 (Reuters) – Chicago wheat futures posted a fourth consecutive month of losses on Wednesday, pulled down by plentiful global supplies, while expectations of bumper U.S. harvests pressured soybeans and corn. At the Chicago Board of Trade, most-active December wheat settled down 4 cents at $3.88-1/4 per bushel. December corn ended down 1/4 […] Read more
