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Canola rides out turbulence in world financial markets

A lower loonie lent support to Canadian canola demand

It was a turbulent week for world financial markets but canola shrugged off much of the volatility and held firm, thanks in large part to weakness in the Canadian dollar. In fact, the market even showed a bit of bullishness as the front-month March contract broke through the psychologically important $500-per-tonne mark during the week […] Read more


Stronger loonie, feed costs drag on prices at auctions

U.S. cattle inventory grew, but not as much as expected

Manitoba cattle prices stayed under pressure during the week ended Feb. 2, but there are signs that may start to change. “Hopefully (prices are) near a near-term bottom and should pick up heading into the spring,” said Brian Perillat, senior analyst with the Canadian Cattlemen’s Association. Prices at the province’s eight major auction marts were […] Read more



Cows herded in to holding pen

Cattle prices decline on lack of buyer interest

A wall of heavier-weighted cattle is expected come summer

Prices for cattle in Manitoba appear to have carved out a bottom, as lukewarm buying interest and a late slide in U.S. futures pointed the way lower. Around 6,300 animals made their way to market during the week ended Jan. 19, up from roughly 3,300 the week before. Prices were mostly similar to last week’s […] Read more


Surprises from USDA put turbulence in canola market

NAFTA anxiety puts pressure on the Canadian dollar

The ICE Futures Canada canola complex saw some volatile activity during the week ended Jan. 12, as fluctuations in the Canadian currency and a surprising U.S. Department of Agriculture report created choppy waters for the futures. USDA released its monthly supply-and-demand report on Jan. 12, lowering its estimate for soybean yields in the U.S. to […] Read more



Fed cattle markets are expected to show strength

Manitoba’s major auction markets closed for the week

It was a slow start to the new year for Manitoba auction marts, as major outlets stayed quiet during the week ended Jan. 5. However, it may have been a good time for participants to stay home, due to the cold weather. Feed usage is likely on the minds of some ranchers, though, as they […] Read more


cow

Will the cattle market thrive in 2018?

The year that just ended saw a more or less steady upward trend

By most accounts 2017 was better than expected for most cattle auction marts across Manitoba. Volumes were up and prices weathered some early challenges, however, it leaves ranchers wondering if that trend will continue into the new year. “We closed the year with prices that were higher than a year ago,” said Dave Nickel of […] Read more



Cattle markets beginning to look a lot like Christmas

Producers are cleaning out their pens ahead of year-end

As the last few days of 2017 wind down, so too does activity at most auction marts in the province. Volumes were noticeably weaker during the week ended Dec. 15 as producers cleaned out their pens before the end of the year. Just over 5,000 animals made their way to Manitoba’s eight major outlets, compared […] Read more


Canola hovers rangebound despite StatsCan report

The global supply picture is dragging on wheat futures

ICE Futures Canada canola contracts were pressured by a bearish Statistics Canada report during the week ended Dec. 8, but managed to stay within their recently established technical range. For the most part, the dominant January contract hovered somewhere between $505 and $510 per tonne. Futures received some support from the Canadian dollar, which was […] Read more



Cows herded in to holding pen

Cattle prices see pressure as seasonal bump clears

Volumes should taper off heading toward year-end

Prices for Manitoba cattle softened slightly during the week ended Dec. 1, as the seasonal bump that helped push prices higher in early November evaporated. Around 12,400 head made their way into the province’s eight major auction outlets, compared to 14,350 the week before. “Volume-wise we’re running about a half to two-thirds of what we […] Read more


Oilseed Rape Pods

Canola values slip lower in U.S. traders’ absence

Traders are largely gun shy while waiting on StatsCan data

It was a sluggish week for ICE Futures Canada canola prices as the U.S. Thanksgiving holiday sent traders to the sidelines. Markets in the U.S. were closed on Thursday and had limited hours on Friday. The front-month January contract chopped around between the $514 and $520 marks for the beginning of the week ended Nov. […] Read more