Analyst says loonie to stay below par in short term


Recent softness in the Canadian dollar is expected to remain until the new year, according to a currency analyst with RBC Capital Markets.
The loonie has slipped since the U.S. presidential election on Nov. 6, largely because fears Washington will go over the so-called “fiscal cliff,” said analyst George Davis.
The fiscal cliff refers to the expiration[...]

Cool weather hurting province’s sunflower crops

Cool weather has Manitoba’s sunflower crop behind schedule. “Planting was a little bit later than what we were hoping as well, so compounding the cooler weather, we’re like a week and a half (to) two weeks later than average,” said Mike Durand, sales and purchasing manager with Nestibo Agra 
in Deloraine. Some crops are just[...]


High feed prices push more cattle to slaughter

Manitoba cattle auction marts operated in routine holiday mode during the week ended July 20 with feeder cattle seeing steady prices and average volume for this time of year. But, butcher cows on the slaughter market saw above-normal volume, and weaker prices, an industry official said.
Rick Wright, a buyer with Heartland Buying Order Company, said[...]

Producers expecting even stronger prices this fall

The cattle auction yards in Manitoba continued to operate in a holiday-reduced atmosphere, but values for the cattle market held fully steady levels during the week ended June 29.
The fully steady levels came despite the “significant” drop seen in U.S. livestock futures over the same week, an industry official said.
“We had an increase in the[...]


Demand for Prairie flax to increase

Export demand for western Canadian flax is expected to increase this year, Jonathon Driedger, senior market analyst with FarmLink Marketing Solutions said in a presentation at the annual Wild Oats Grain World Conference in Winnipeg on Feb. 25.
Driedger expects exports of western Canadian flax to increase to 436,000 tonnes in 2012-13, from 391,000 in 2011-12.
The[...]






Wheat could be the next canola

Industry insiders say $2.2 billion will be pumped into wheat research in the coming decade and that will be a game changer

If research into the crop pays off, King Wheat is ready to elbow aside canola, say some industry experts.
Seed and chemical companies are pumping up their research and will soon be turning out new seed varieties, treatments and fungicides, Todd Ormann, head of crop portfolio for cereals at Syngenta Canada, told attendees at the recent[...]

Winter weather continues to draw out spring run

The spring cattle run is lasting longer than some people originally anticipated, and auction yards across Manitoba continued to see strong volumes of cattle during the week ended April 12.
Auction yards at Grunthal, Virden and Gladstone all reported having more cattle at their sale than the previous week, while markets at Ashern, Brandon and Ste.[...]