South America’s soybean situation has followed two contrasting narratives in the past few months. The first one is dry and hot weather in the northern areas of Brazil, as well as wet weather in the south, that will prevent a second-straight record-breaking crop and raise worldwide soybean prices. The other is that Argentina could potentially
Soybeans sink canola prices
A break in the drought in Latin America should increase price pressure
Pulse weekly outlook: Pulse Canada looking for success in 2024
Despite a smaller crop last year, lentil demand remained strong, especially from India
Greg Northey, vice-president of corporate affairs said crop production bounced back in spite of challenging growing conditions in some areas. Chickpeas and edible beans saw increased production in 2023-24 compared to the previous year, while lentil and dry pea production declined.
New Year already looks eventful for grain markets
Canola is hoping to break out of its 2023 hangover
The New Year is only a few days old, but it already looks like 2024 will be eventful. Both a leap year and an Olympic year, this year will see more than 40 countries hold federal elections. Ongoing conflicts in Ukraine and the Middle East are also expected to grab headlines. No two years are
ICE weekly outlook: More room to the downside for canola
Vegetable oil markets also became weaker
Even though selling activity for canola could be slowing down, according to an analyst, there are too many bearish indicators to predict a boost to prices.
Feed Grain weekly outlook: Corn, barley on level ground
High Canadian dollar behind lower corn trading
Prices for Canadian feed barley and United States corn imports reached parity as the feed grain market took a breather between Christmas and New Year’s Day.
CBOT weekly outlook: Late Christmas gift for futures
Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans
On what would have been a bearish week on the Chicago Board of Trade ending Dec. 27, prices received a sharp boost as trading resumed after Christmas.
Cattle auction sites closing for the holidays
Annual holiday slowdown comes after a long and busy fall run
A few Manitoba cattle auction sites closed their doors for the holiday season after their final regular sales of 2023. Gladstone, Ashern and Ste. Rose Auction Marts all conducted their final cattle sales before the New Year on Dec. 11, 13 and 14, respectively. Winnipeg Livestock Sales had one more regular sale on Dec. 15,
Cash prices lag behind cattle futures
Buyers are paying a premium for healthy calves from proven producers
Sharp declines in the United States cattle futures market helped bring cattle prices down at auction sites across Manitoba for the week ended Dec. 7. Feeder steers weighing 700 pounds or more ranged in price from $210 to $348 per hundredweight during the week, compared to $225 to $378.50 one week earlier. The minimum price
Brazilian numbers could outweigh StatCan projections
At press time the trade was parsing the Latin American numbers and anticipating Canadian ones
Everyone who has celebrated Christmas has at least once received a gift where their first thought after unwrapping it was, “it’s not quite what I expected, but it’s the thought that counts, I guess.” Three weeks before the big day, growers, traders and analysts may have received one of those gifts from Statistics Canada. The
Calves in demand at auction sites
Freeze up is bringing local buyers to look at calves
Calf prices rose and yearling prices dropped at one Manitoba cattle auction site during the week ended Nov. 23. Scott Anderson, field representative for Winnipeg Livestock Sales, suggested that those buying yearlings were more likely to follow declining cattle futures than those who were buying calves. He also said the yearling market has tailed off
Cyber-Savvy Farmer
