Variable quality leads to variable prices at auctions
As the fall run wraps up at Manitoba auction marts and volumes start to drop, any cattle that aren’t in top form are selling for discounts. “Guys are getting a little fussier on the quality and the discounts for non-performing-type cattle are getting a little steeper,” said Allan Munroe of Killarney Auction Mart. Feedlots are […] Read more
Corn futures followed soybeans’ volatility during the week
It was a volatile time for the ICE Futures canola market during the week ended Nov. 30, as oilseed traders anxiously awaited news from the weekend’s G20 summit in Argentina. U.S. President Donald Trump met with Chinese President Xi Jinping on Dec. 1. The two reached a trade truce where they will hold off on […] Read more
Sales are seen winding down in mid-December for the year
Prices for cattle at Manitoba auction marts are starting to settle closer to their western Canadian counterparts after riding a high throughout most of the fall run. “It looks like we’ve hit the peak. It has come and gone here,” said Rick Wright of Heartland Order Buying. That said, run numbers “are still quite good.” […] Read more
Traders may be realizing they can’t bank on tweets
It was a sad week for the ICE Futures canola market ending Nov. 16. The January contract dropped below the $480-per- tonne mark and while many may hope it will go back higher, they should also prepare for it to go lower still. January canola flirted with the $480-per-tonne mark all week; there were days […] Read more
President Donald Trump’s revelation of a trade discussion with China caused brief excitement
The canola market started the week in a dismal situation, but that all changed Nov. 1 when a tweet sent the commodity markets flying. However, by the next day the canola market corrected and finished the week lower overall. South American seeding and the ongoing trade war between China and the United States saw the […] Read more
Geography is working in favour of local producers, with more nearby market options
While cattle prices are starting to soften across most of Western Canada, Manitoba is finding itself as the exception. “In Manitoba things aren’t looking too bad. They’ve got some options there, their price has almost been a premium, or some of the strongest in Western Canada,” said Brian Perillat, manager and senior analyst at Canfax. […] Read more
A slow harvest isn’t making a big impact on the markets
Wheat bids in Western Canada were mixed for the week ended Oct. 19 with only small changes, as the stalled harvest across the Prairies was able to start up again following weeks of cold and wet weather. Average Canada Western Red Spring (13.5 per cent CWRS) wheat prices were up slightly, rising by less than […] Read more
Harvest progress is slowly pushing down canola prices
The canola market see-sawed during the week ended Oct. 19 with the overall trend being to the downside as farmers were able to get back into the fields and deliveries picked up pace. From day to day the market would bounce from the red to the green. However, days in the green weren’t regaining the […] Read more
Chances for warmer weather ahead may divert producers
Cattle numbers for the first official week of the fall run at auction marts across Manitoba were in line with years past and values were steady from the previous week. “I think that’s just kind of part of the volume that’s going to be coming at every auction in the next six weeks. Every auction […] Read more
The MGEX December spring wheat contract rose 4.75 U.S. cents on the week
Wheat bids in Western Canada were higher for the week ended Oct. 12, taking support from a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11-$13 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). […] Read more
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