Canola fell again Monday, but whether that signalled continuing pressure in North American oilseeds or was simply an echo from Friday was impossible to tell. With Memorial Day closing markets south of the line, canola traded on its own. “Volumes are extremely low as you’d expect on a day when the U.S. markets are closed,” […] Read more
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Canola down in light trade
CN conductors issue strike notice
More than 3,000 workers at Canadian National Railway including train conductors and yard workers could go on strike as early as Tuesday, May 30. Teamsters Canada Rail Conference (TCRC) gave the railway 72-hours notice of its plan to go on strike as of 4 a.m. May 30. TCRC workers have been working without a contract […] Read more
Andrew Scheer wins Conservative leadership
Support from Quebec dairy farmers helped Saskatchewan MP Andrew Scheer win the Conservative leadership last weekend. The former Speaker of the House of Commons, and the MP for Regina Qu’Appelle, took 51 percent of the vote in the 13th ballot to defeat Maxime Bernier, a Quebec MP who had advocated the end of supply management. […] Read more
EU rapeseed forecast little changed
PARIS, May 29 (Reuters) – Crop consultancy Strategie Grains’ monthly forecast of this year’s rapeseed crop in the European Union was little changed, with a cut to expected output in top grower Germany mostly offset by upward revisions in other countries. It projected 2017-18 production of rapeseed-canola, the EU’s main oilseed crop, at 21.35 million […] Read more
The joys of a short, sharp weather rally
I took a lot of joy recently in watching the short, sharp rally in wheat futures launched by a U.S. snowstorm. It was dramatic, with prices gapping higher as soon as the markets opened on Monday, May 1, following the weekend storm. It was like people flipped on their computers, took a sip of coffee, […] Read more
U.S. April feedlot cattle placements jump to 14-year high
By Theopolis Waters CHICAGO, May 26 (Reuters) – Ranchers placed 11 percent more cattle in feedlots in April than a year earlier, the most for the month in 14 years, the U.S. Department of Agriculture reported on Friday, beating average forecasts. Higher cattle prices paid by packers last month enhanced profits for feedlots, allowing them […] Read more
July canola falls $6.40 on week weighed down by soybeans
Canola futures again fell on Friday, pressured by falling soy and soy oil futures. The pressure from soybeans more than offset worries about wet fields in Alberta that might not be seeded, or else seeded to short season crops. Alberta canola planting is 49 percent complete, and overall seeding is well behind the normal pace, […] Read more
Rail transport changes make no mention of costing review
The proposed Transportation Modernization Act, although widely supported, comes without a full railway costing review. However, that was a Liberal pledge during the 2015 election campaign and something farm and commodity organizations have long called for. Agricultural Producers Association of Saskatchewan president Todd Lewis said the issue is still top-of-mind for producers. “We are still […] Read more
CGC licensing review temporarily set aside
A proposal that would require producer car loading facilities and feed mills to be licensed by the Canadian Grain Commission has been put on the backburner for the time being. CGC spokesperson Remi Gosselin told The Western Producer that the proposal to license loading sites and feed mills has been set aside while CGC commissioners […] Read more
Sask. gov’t authority upheld to close bus company
Saskatchewan Court of Queen’s Bench has dismissed a request for an injunction against the provincial government’s decision to shut down Saskatchewan Transportation Corp. Justice Lian Schwann said the government was within its authority to wind down the bus company. The Amalgamated Transit Union Local 1374, which represents in-scope employees, had asked the court for a […] Read more
