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Livestock Markets, Markets

Demand and prices up beyond expectations at cattle sales

Wet weather is limiting cattle traffic to the U.S. Midwest

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The cattle market in Manitoba has been busy since the start of the New Year, with prices surprising in some cases, according to a buyer. “We’ve seen since Christmastime a significant increase in the culled cow prices, the Canadian packers have upped their cow kill by quite a bit and demand was considerably stronger than
Grain Markets, Markets

China tensions add layer of uncertainty to canola

An ongoing lack of USDA data further fuzzes the outlook

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At first glance it seems quiet in the ICE Futures canola market. It’s winter, cold out and there’s not much happening. But below the surface it’s more than meets the eye. The ICE Futures canola market finished the week of Jan. 18 slightly higher after dipping during the middle of the week. The Chicago Board
Crops, Markets

CBOT weekly outlook: Brazil, China drive U.S. commodities

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With little data filtering out of the U.S. Department of Agriculture (USDA), news from Brazil and trade negotiations with China are currently driving futures contracts on the Chicago Board of Trade (CBOT). “It’s Brazilian weather over there and the Chinese negotiations, which sometimes are on and sometimes aren’t,” said Jack Scoville of Price Futures Group
Grain Markets, Markets

Prairie wheat bids dragged down by rallying loonie

Minneapolis and Kansas City March wheat futures were both down on the week

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Wheat bids in Western Canada were mostly weaker for the week ended Jan. 11, as a stronger Canadian dollar weighed on prices. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down, falling $3-$4 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and
The U.S. government shutdown had markets mostly quiet over the holiday season.
Grain Markets, Markets

Canadian dollar’s holiday rally lifts ICE canola futures

A lack of USDA data leaves traders ‘buying the rumour’

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The ICE canola futures market spent the holiday season like it usually does, paying attention to goings-on south of the border. However, near the end of the two-week holiday period, canola broke out on its own due to a rally in the Canadian dollar. The holidays were kicked off by a partial U.S. government shutdown,

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