Fall cattle run numbers remain high

As the fall run continues into November, it’s not just the number of cattle heading to auction that has been weighing on values — it’s also the high cost of feed, according to Brad Kehler, auctioneer and sales representative at Grunthal Auction Mart. “We’re still seeing downward pressure on both cows and feeder cattle across[...]

Dryness pushes canola futures higher

Benefits from early-June rains have turned to doubts

New-crop canola contracts that bottomed out at the daily limit of $30 per tonne on June 17 have since made a dramatic turnaround — not so much because of what else has been going on in the markets, but rather because of the weather. As with earlier this spring, hot and dry weather has again descended over the[...]





Days are numbered for old-crop canola

It has been downhill for old-crop canola after it topped the $1,000-per-tonne mark last week. On May 13, the July contract closed at $857.30, tumbling nearly $150 on the week. During its dramatic slide, July bottomed out at ICE Futures’ daily limit three times at the close, including hitting the expanded limit of $45 per[...]

Today’s mantra for canola is simple

When it comes to ICE canola futures, there’s one thing to keep in mind: tight canola supplies. Those shrinking old-crop supplies will continue to support canola and provide a good reason for prices to climb. That was quite evident March 4 when the May canola contract rose by its daily limit of $30 per tonne[...]






U.S. WASDE points to lower ending stocks, lifts futures

Within days before the U.S. Department of Agriculture (USDA) issued its latest supply-and-demand report, there was speculation of further reductions to ending stocks for soybeans, corn and wheat. Such bullish news would see U.S. prices rise and spill over into canola. On Jan. 12 USDA released its world agriculture supply-and-demand estimates (WASDE), which slashed soybean ending stocks[...]