Rising Malaysian palm oil prices gave canola prices a lift during the week ended Oct. 30, 2024.
Farm business
ICE Weekly: Malaysian palm oil supports canola prices
Fall cattle run shifts into top gear
Strong returns are pulling cattle into market, auctioneer says
Manitoba's cattle market stayed strong during the week ended Oct. 24. Every location reported at least 1,100 head sold at regular weekly sales, for a grand total of 15,055.
CBOT Weekly: Corn, soybeans rising, wheat slipping
Corn and soybean prices rose at the Chicago Board of Trade during the week ended Oct. 23, 2024. However, wheat prices went lower during the same week.
ICE Weekly: Production uncertainty, forthcoming Chinese action fueling canola’s upswing
January contracts climbs $36/tonne
Buyers for China and others scooping up as much canola as they can, fueling hike in Intercontinetal Exchange canola futures.
Fund short position in canola dips for fourth week
The net fund short position in canola declined for the fourth week in a row in mid-October, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Manitoba farmland values continue upward trajectory
Manitoba’s growth in values place it at the middle of the pack nationally
Manitoba farmland values continue upward trajectory, but growth rates are in the middle of the pack compared to other provinces nationally.
ICE canola weekly outlook: Weak soybeans a “problem”
The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.
Pulse weekly: Lentil market watching India dispute
An ongoing dispute between Canada and India involving the assassination of a Sikh man on Canadian soil has Canada's lentil market fearing that one of its largest trading partners may shut its doors to the pulse.
Warm September, warm demand in Manitoba cattle markets
Prices remain strong as calves enter the market
Cattle prices at Manitoba auction sites for the week ended Oct. 3 remained strong as warmer temperatures allowed cattle to stay on pasture for a little while longer. Producers are expected to begin selling calves in the next week or two.
Fall run was still waiting on buyers
Calves are still gaining pounds on good feed while major buyers are still picking up steam
The fall run has started in Manitoba cattle markets, but good pastures mean a sluggish start.