The United States Department of Agriculture has released its monthly World Agricultural Supply/Demand Estimates, which usually come with the potential to upset U.S. crop prices if they fail to fall in line with pre-report expectations. Just like the U.S. midterm elections on Nov. 8, there was no “red wave” sweeping the markets after the report’s
Corn still bearish after WASDE report
Key report raises corn production expectation, provides little fuel for market
More cattle through rings to start November
Lack of trucks dampens demand for lightweight cattle
The fall run continued to bring large numbers of cattle to Manitoba’s eight auction sites, while prices also maintained strength for the week ended Nov. 3. Excluding Heartland Livestock Services in Brandon, 14,564 cattle went through the rings during the week in Manitoba. By comparison, 12,896 animals were sold at all eight sites during the
CBOT weekly outlook: Russian flip-flop upsets markets, little change after Fed announcement
MarketsFarm – A pair of announcements affected the Chicago Board of Trade by different magnitudes on Nov. 2. Four days after Russian officials said the country was pulling out of an agreement to allow Ukrainian grain shipments on the Black Sea, the Russian government announced on Nov. 2 it changed its mind and will re-enter
Cattle numbers, prices stay strong on week
Sale traffic seen as normal for the middle of fall run
The number of cattle moving through the rings at Manitoba cattle auction sites for the week ended Oct. 20 remained strong in the middle of the fall run. In total, 15,955 head were sold at auction, marking a 51 per cent increase from the previous week’s total of 10,539. All eight sites in the province exceeded 1,100
Feed weekly outlook: Good quality, yields amid rising feed prices
MarketsFarm – With harvesting operations coming to a close, there were very few complaints about the quality and yields of new crop feed grains, according to one Lethbridge, Alta.-based trader. “Quality-wise, everything’s been sounding good for the most part. A couple of areas might have a bit of lighter bushels, but for the most part
Pulse weekly outlook: Good harvests, transportation a ‘mixed bag’: Pulse Canada
MarketsFarm – As harvesting operations for pulses in Western Canada come to a close, Mac Ross, Pulse Canada’s director for market access and trade policy, said this year’s crops have been successful in terms of quality and yields. “I haven’t heard any concerns regarding quality. In a lot of cases, I’ve been hearing that the
Canola flirts with $900 a tonne
A good selling point appears to be around $880 a tonne
For a fleeting moment on Oct. 4, it looked like the nearby November canola contract might pierce the $900 per tonne mark. It would have been the culmination of a meteoric $28/tonne intra-day rise for the oilseed, and a $90 rise over the previous eight sessions, if it hadn’t hit a wall and fallen to
Cattle prices remain high as futures fall
Availability of transport remains a concern
More cattle went through the rings at Manitoba auction sites during the week ended Sept. 29, concluding the first month of the fall run. In total, 8,903 head were sold at the eight auction sites across the province. By comparison, 6,198 cattle were sold in the previous week, making this week’s total a 43.6 per
All auction sites up and running
Strong beef demand is expected to run up against a smaller supply
All eight of Manitoba’s cattle auction sites hosted regular sales for the first time in months during the week ended Sept. 16. Killarney Auction Mart was the last holdout in the province until it held its first sale of the fall run on Sept. 12, nearly three months after the start of the summer break.
More cattle through the rings as fall begins
Higher- quality cattle are seen to be eastbound
More cattle went through the rings at Manitoba auction sites during the week ended Sept. 1. In total, 1,161 cattle were sold at four auction sites: Gladstone, Grunthal and the Heartland Livestock Services (HLS) sites at Brandon and Virden. For Gladstone, its sale on Aug. 29 was its first after taking a summer break. There
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