Canola futures closed the week on an up note, helping to pull the contracts almost even with where they were the previous Friday. Canola’s strength today came from a weaker loonie and concern about weekend rain on the Prairies slowing seeding pace. CLICK HERE FOR OUR WEEKLY CROP MARKET ANALYSIS VIDEO Also soybean oil rose […] Read more
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Friday wrap: canola rises, demand is still good
Cattle futures rise as U.S.-China trade agreement impacts meats, natural gas
May 12 (Reuters) – The United States and China have agreed to take action to expand bilateral trade in beef and chicken as well as taking other steps as part of Washington’s drive to narrow the U.S. trade deficit with China. The August live cattle contract closed up more than two percent on the news, […] Read more
Loonie likely to buck support from crude, close 2017 weaker
Winnipeg, May 12 – Despite the expectation for stronger crude oil prices, bearish factors are likely to weigh on the Canadian dollar, pushing the currency lower through the end of the year, one analyst says. The Canadian dollar is expected to finish 2017 at around US71 cents. One U.S. would equal about C$1.40, according to […] Read more
Visible Canadian canola stocks tighten
Winnipeg, May 12 (CNS Canada) – Canola supplies in commercial hands in Western Canada are tightening, with the latest Canadian Grain Commission weekly report showing only 1.05 million tonnes in the pipeline as of May 7. Visible canola stocks are typically considered low whenever they move below one million tonnes. The current supplies on-hand are […] Read more
Cattle fall for 3rd session on technicals, fears of lower beef
By Michael Hirtzer CHICAGO, May 11 — U.S. live cattle futures declined for the third straight session on Thursday, pressured by technical selling linked to worries that rising wholesale beef prices were nearing a seasonal peak, traders and analysts said. Both live cattle and feeder cattle futures touched their lowest in about two weeks, before […] Read more
Drought a possibility: forecaster
Weather forecasters are at odds about what kind of summer to expect. AccuWeather is warning farmers in central and northern Alberta that they should prepare for drought. “We think it’s going to be a very warm summer,” said Canadian weather expert Brett Anderson. It is also going to be a dry summer. June will have […] Read more
Transload facility planned for Manitoba
Agricultural shippers in southern Manitoba will soon have access to a new transload terminal that offers direct rail access to markets in Canada, the United States and Mexico. Mid Canada Transload Services Ltd. is building a new inland port and rail siding near Letellier, Man., 11 kilometres north of the Canada–U.S. border. The new facility […] Read more
Firm eager to ride the ‘canola train’ with carinata
Agrisoma has USDA approval to sell the meal in the U.S. and European Union and will begin contracting acres next year
Agrisoma has the approvals it needs to proceed with commercializing a new oilseed crop for Western Canada. The U.S. Food and Drug Administration has given Agrisoma regulatory approval to sell carinata meal in that market. The same data package submitted to the FDA was used to secure European Union approval for the meal, and that […] Read more
GM non-browning apple has stigma to overcome
RED DEER — Sliced apples that do not turn brown will be available in stores in October but the developer of the genetically modified fruit knows there is still a stigma around these kinds of products. “Nobody likes yucky apples,” said Neal Carter, who started working with scientists on a gene reversal technique to prevent […] Read more
Markets little changed as seeders race to beat rain
Canola futures fell for second day on weaker demand from crushers and on improved weather. The dip was only slight with July down just 60 cents at $519.50 and November down $1.70 at $502.40. Warm dry weather in many parts of the Prairies this week is allowing seeding progress before a round of showers expected […] Read more
