The momentum from previous weeks continued at Manitoba auction marts during the week ended Nov. 3, as prices held steady and volumes stayed strong. “Pretty much every auction mart around the countryside was full this week for the consignments and prices stayed relatively strong,” said Rick Wright of Heartland Order Buying Company. Approximately 17,282 head
Cattle prices stay high with large fall run volume
Auction marts were packed with cattle, yet prices stayed on the stronger side
CBOT weekly outlook: Corn and soybeans down after USDA report
CNS Canada – Corn and soybean futures at the Chicago Board of Trade fell following the United States Department of Agriculture’s crop production report which raised corn estimates and kept soybeans at previous estimates. “I expect the low volatility environment to continue with soybeans remaining in tight trading short term. And for corn prices eventually
Pea processing attracting wide interest
The Prairies has become a hotbed for ingredient manufacturing based on the crop
The French company Roquette may have kicked off the pea party when it announced a protein-processing facility at Portage la Prairie earlier this year — but it’s no longer the only guest. In September Academy Award-winning film director James Cameron announced he would be investing in a new multimillion-dollar pea-processing plant in Vanscoy, Sask. As
Surprise Indian duty on peas leaves Canada scrambling
Winnipeg | CNS – The Canadian pea industry was shocked Wednesday morning to wake up to a notice from India declaring a 50 per cent tax on pea imports to the country. “This sort of moves us beyond even where India has been before in pulse import duties … more than a decade ago we
Reports highlight strengths, weaknesses of Canadian ag exports
Commodity News Service Canada – There is room for improvement in the Canadian agricultural export market with competition from new markets globally, according to a pair of reports released by Farm Credit Canada. The FCC Ag Economics, Trade Ranking Report: Agriculture and FCC Ag Economics, Trade Ranking Report: Manufactured Food give overviews of Canada’s global
Winter cereal acres down but looking good
A dry fall caused Prairie producers to hesitate before pulling out the seeding rig
Following concerns in September about seeding winter cereals in dry conditions, acres are down but crops seeded in Western Canada are doing good heading into the winter. “Very little moisture is required in the fall to get that seed to germinate and start growing, especially if it’s been seeded shallow,” said Amanda Swanson, a southern
Mixed reactions from farm groups to Bill C-49 progress
Commodity News Service Canada – Western Canadian producer groups support changes to rail transportation in Canada but vary on support of the latest legislation, Bill C-49. Bill C-49 passed its third reading in the House of Commons Nov. 1 and is now off to the Senate for review. The bill is meant to amend the
Rising Chicago futures support Manitoba values
Availability of trucks may soon become a market issue
Cattle prices rose at Manitoba auction marts during the week ended Oct. 27, as futures prices on the Chicago Mercantile Exchange helped push up sales. “Just about every day it’s been positive (on the Chicago Mercantile Exchange) and that’s what is holding the market probably together on the feeder cattle,” said Robin Hill with Heartland
Wheat bids rise across Prairies as loonie dips
December spring wheat was up 5.75 U.S. cents on the week in Minneapolis
Hard red spring wheat bids in Western Canada rose for the week ending Oct. 27. A drop in the Canadian dollar and gains in Minneapolis futures propped up prices. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were up $11-$13 per tonne across the Prairie provinces, according to
Dry summer didn’t hamper sunflowers
With harvest well underway growers are seeing good quality and acceptable yield
Manitoba’s sunflower harvest is in high gear and yield and quality are looking good despite an arid summer. “The quality of the sunflowers seems to be very good, the yields are reasonably good. I think they’re going to be a good solid average,” said Ben Friesen, senior market manager with Scoular Special Crops. Friesen estimates
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