Markets
Funds were easing their “permabear” approach to wheat futures but have returned to a substantial short position
The latest U.S. Commodity Futures Trading Commission commitment of trader’s report says managed money funds are taking an aggressive bearish position in spring wheat. This has certainly been part of an overall bearish stance by the funds in wheat futures markets. Funds have been bearish on wheat futures for the past two years but were […] Read more
Markets
Tariff war might again roil oilseed markets
A report commissioned by the American Soybean Association and the U.S. National Corn Growers Association warns that a new trade war between the United States and China would cost American farmers while benefiting producers in Brazil and Argentina. See Sean Pratt’s story on the report here. President-elect Donald Trump says that when he takes office […] Read more
Grim outlook for new crop
SASKATOON — Analysts speaking at a recent GrainFox market outlook webinar must have left their rose-coloured glasses in the drawer at home. Their assessment of the 2024-25 grains and oilseeds market is bleak. Related stories: Dan Basse, president of AgResource Company, thinks the market highs are already in for the 2024 crop. He believes soybean […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattle 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 market rises Over the past three months, the fed market has been stuck in a five-dollar […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts on November 22 was not available. It was not available on November 15. U.S. hogs averaged was $82.72on a carcass basis November 22, down from $84.67 on November 15. The U.S. pork cutout was $91.77 per Hundredweight November 22, down from $97.11 on November […] Read more
Bank of Canada says Trump’s proposed tariffs would impact both economies
OTTAWA (Reuters) – The Bank of Canada said on Tuesday that if U.S. President-elect Donald Trump follows through on his threat of tariffs on Canada, it would have an impact on both economies and the central bank would incorporate those into its economic forecasts. Trump announced on Monday that he would impose a unilateral 25 […] Read more
Prairies excel again in spring wheat exports, quality
SASKATOON — Canada has another top-notch spring wheat crop to sell this year, but the durum did not fare as well. Canadian farmers grew 34.3 million tonnes of wheat in 2024 and are expected to export 25.4 million tonnes to more than 80 countries. Related stories: “This will make Canada the world’s third largest exporter […] Read more
Prairie durum sales flourish in global market
Lower exports by Turkey and Russia may open doors for Canadian sales
SASKATOON — Two of Canada’s main durum market competitors have been less of a force so far in 2024-25. “As for Turkish and Russian exports, we do confirm that they are down significantly compared to last marketing year,” Carlotta De Pasquale, market intelligence officer with Italian agri-food intelligence firm Areté, said in an email. The […] Read more
Trade deal review could come early
Experts suggest Trump could call for early review of CUSMA
SASKATOON — United States President-elect Donald Trump could request an early review of the Canada-United States-Mexico Agreement, says a senior Canadian government official. CUSMA is a 16-year free trade agreement between the three countries that was implemented in 2020 and expires in 2036. It is subject to periodic reviews, with the next one scheduled in […] Read more
Canadian dollar shows weakness
The Loonie has suffered less than the euro, which has dropped by nearly three per cent since the U.S. election
The U.S. greenback has been on a tear since the election, with the nearby U.S. dollar index trading just over 106 points. This represents a three per cent gain in the U.S. dollar since pre-election lows. The dollar index is a trade-weighted basket of currencies and gives an indication of the strength of the U.S. […] Read more
