Markets
Soybeans have set another record in Manitoba with acres hitting almost 1.7 million this year. The province will likely have 1.68 million acres of beans, including pedigreed seed, according to the Manitoba Agricultural Services Corp. If the estimate is correct, Manitoba soy acres will be nearly 20 percent higher than last year when 1.41 million […] Read more
Markets
Soybeans set new record in Manitoba
VIDEO: Canada’s agricultural markets update – July 20, 2016
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered. Crops:
CME live cattle futures shrug off early selling
CHICAGO, July 18 (Reuters) – Chicago Mercantile Exchange live cattle contracts settled higher on Monday after short-covering and futures’ discounts to late last week’s cash prices offset early-session losses, traders said. August live cattle ended 1.525 cents per lb higher at 112.450 cents, and finished above the 20-day moving average of 112.05 cents. October closed […] Read more
Crop futures up, but canola continues soft
Crop futures were up across the board Monday, but canola continued its weak performance, lagging the rest of the market. Cereal grain contracts were all up by more than one percent, but soybeans only gained about half as much and canola was weaker than soy products. “Canola is very, very cheap compared to the soy […] Read more
Fund selloff reverses CME live cattle futures rally
CHICAGO, July 15 (Reuters) – Chicago Mercantile Exchange live cattle futures turned lower on Friday, after fund liquidation and lower expected cash prices later in the day pared Thursday’s market gains, traders said. August live cattle ended 1.800 cents per lb lower at 110.925 cents, and October closed 2.225 cents lower at 109.850 cents. Both […] Read more
CME live cattle prices climb as funds roll out of August positions
CHICAGO, July 14 (Reuters) – Chicago Mercantile Exchange (CME) live cattle futures gained for a second consecutive session on Thursday, supported by technical buying and the roll by funds out of August into deferred months, traders said. Thursday was the last of five days that funds in CME’s livestock markets that track the Standard & […] Read more
Lentils in abundance; carryout to climb
Sean Pratt reports from the pulse & special crops convention in Toronto TORONTO — The world is going to be awash in lentils, says a market analyst. Marlene Boersch, managing partner in Mercantile Consulting Venture, is forecasting 6.3 million tonnes of world production, a whopping 33 percent more than last year. That includes 3.55 million […] Read more
Canada will need optimal grain movement in cutthroat market
It is a lucky thing for prairie farmers that competition for railway capacity in the coming crop year should be considerably less than it was in 2013-14. With lots of moisture and a mild outlook for July, the prairie crop is headed toward high yields. Too much moisture is the worry, and as this column […] Read more
Taiwan accepting Canadian beef
Canada has regained its beef market in Taiwan after being shut out since February 2015 when a case of BSE was discovered in an Alberta cow. Taiwan was a major customer for Canadian beef before the suspension of trade, buying about $12 million worth of product a year. Taiwan will accept boneless and bone-in beef […] Read more
Buckwheat demand heating up
It’s not time for a celebratory parade but buckwheat is experiencing a minor revival in Manitoba. After years with 3,000 to 5,000 acres and minimal producer enthusiasm, buckwheat acres may finally be on the rise. Last year, Manitoba farmers planted about 10,000 acres of buckwheat and that figure should be slightly higher this year, said […] Read more
