CNS Canada — The ICE Futures canola market has hit the winter lull and there isn’t much driving it, according to one trader. “The meal has been a leader to the upside, so that again should help crush margins and it has helped crush margins. But trade has been lacklustre and I expect that to
ICE weekly outlook: Canola stuck in winter slump
U.S. firm partners with James Cameron’s Prairie pulse processor
CNS Canada — Saskatchewan pulse processing company Verdient Foods has entered into a joint venture agreement with U.S. company Ingredion to expand operations. The organic pea protein fractionation facility at Vanscoy, about 20 km southwest of Saskatoon, has been running since last year and the new agreement will see it expand operations to include more
Feed weekly outlook: Prairie grain prices higher than last year
CNS Canada — Nice weather over the holidays allowed for good movement of feed grains in Western Canada, with prices steady to above year-ago levels. “I would say we cruised through Christmas and (the) New Year holidays fairly well. Not a lot of massive panic. We had nice weather which really helped, loads continued to
Good year for Prairie spring wheat, not so much for durum
Spring wheat prices are expected to see pressure in the new year
While spring wheat prices in Western Canada enjoyed a strong year, durum prices weren’t so lucky. Heading into 2019, spring wheat prices could fall victim to increasing global wheat acreage, while durum prices will need to see acreage fall. Data from the PDQ (Price and Data Quotes) show Canada Western Red Spring (CWRS, 13.5 per
ICE weekly outlook: Canola waits for U.S. shutdown to end
CNS Canada — The ICE Futures canola market, like its fellow commodity markets, currently sits at the mercy of the U.S. government shutdown, according to one analyst. “It all has to do with the government shutdown in the States. Soybeans keep on rallying, than they lose ground towards the end of the session, because how
Canola trade watches, waits as China developments unfold
China’s initial purchases of U.S. soy were underwhelming
China was the theme of the week for commodity markets. Whether it was the ongoing drama between the U.S. and China or the Huawei executive case in Canada, China had all the North American commodity markets on edge for the week ended Dec. 14. As had been the case since the G20 meeting between U.S.
Pulse weekly outlook: 2018 a challenging year
CNS Canada — It’s been a year of challenges for the Canadian pulse industry, as it struggled to survive after its largest customer all but vanished overnight — but the industry has started to grow in new ways. “It was challenging for farmers who saw a real shift in pulse prices, challenging for processors and
Holiday slow season nears for Manitoba cattle sales
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
Feed weekly outlook: Prairie feed grain market inching higher
CNS Canada — The feed grain market in Western Canada is starting to firm up as a lack of farmer selling has supplies tightening. “It seems like we’re kind of moving higher here at the moment. Markets have a firmer tone to them for now,” said Allan Pirness of Market Place Commodities in Lethbridge. “Barley
ICE weekly outlook: Cheaper canola could stir up export interest
CNS Canada — The ICE Futures canola market has seen contracts become cheaper of late, which could lead to an increase in demand — but the market is also still closely following the ongoing saga between China and the U.S. “Everybody’s just waiting for some kind of news regarding China possibly purchasing U.S. beans. They
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