ICE Futures Canada canola contracts may have finally topped out after the USDA’s monthly supply-and-demand report put the entire oilseed sector under pressure. Canola futures began climbing back in the early part of September, eventually rising above the $520-per-tonne mark. However, that changed on Thursday, November 9, when the USDA left its prediction for soybean
USDA report surprises oilseed market
Traders were expecting a lower yield number and when they didn’t get it, they reacted
Parched Prairies settle in for frigid winter
Big portions of Western Canada remain very dry headed into winter
Much of Manitoba may have adequate soil moisture, but the same can’t be said for your colleague to the west. Timely snows will be badly needed this winter to insulate drought-stricken areas of Western Canada from what are expected to be cold temperatures. Multiple areas of southern Saskatchewan are locked in a D-4 drought, which
Hard red spring wheat bids firm on Prairies
Basis levels varied a bit, but in general remained steady within an established range
Hard red spring wheat bids in Western Canada rose for the week ending Nov. 3, tracking action in the U.S. futures. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were up C$3 to C$5 per tonne across the Prairie provinces, according to price quotes from a cross-section
Feed barley marches ‘lockstep’ with U.S. corn
CNS Canada — Western Canada’s feed barley market continues to trade above the key $200 per tonne mark, taking strength from consistent demand and a lower-sized crop in 2017. “The market has changed (gotten stronger) from last year when high-vomitoxin wheat was trading at a discount,” said Jim Beusekom of Market Place Commodities in Lethbridge.
Strength in beef demand, futures supports prices
More U.S. cattle coming to market could add pressure
Cattle prices at Manitoba auction marts remained surprisingly strong for the week ended Oct. 20 as higher U.S. futures prices and steady demand elevated prices across the board. Bids for feeder steers (300-400 lbs.) were up roughly $5 per hundredweight, with top-quality feeders attracting strong bids. The heavier-weight animals also attracted solid interest. Steers (700-800
Alberta malt barley quality looking good
CNS Canada — Despite a wet spring and problems with dryness in the summer, barley in central Alberta is looking fairly good, according to a grower in the Red Deer area. “We had a really good malt crop this year, the quality is excellent,” said Matt Hamill of Red Shed Malting at Red Deer. “It
ICE weekly outlook: Canola enjoying broad-based support
CNS Canada –– ICE Futures Canada canola contracts are benefiting from developments down south. The U.S. Commerce Department on Monday imposed antidumping duties on biodiesel imported from Argentina and Indonesia. The department claimed the fuel was being sold at prices below market value in the U.S. The move was enough to lift soyoil in the
Fundamentals, uncertainty hold canola rangebound
USDA’s soybean yield outlook was briefly helpful
The ICE Futures Canada canola market enjoyed a slight bump during the week ended Oct. 12, as a bullish U.S. Department of Agriculture report lifted the tide for all oilseeds. However, canola futures will likely need more bullish news if they hope to shake free of their recently established range of $490-$500 per tonne. USDA
Nitrogen looking cheap across Prairies
CNS Canada — Farmers in Manitoba may be looking to fill up on nitrogen fertilizer this fall as prices reach lows not seen in over a decade. “One retailer I talked to said it was the cheapest nitrogen prices in 15 years,” according to Dan Mazier, president of Keystone Agricultural Producers. Prices also seem to
Fall kicks off with good demand, prices at markets
Local buyers show interest in the smaller cattle
The Manitoba cattle market is starting to see good demand and rising prices for its animals as the fall season gets fully underway. Approximately 6,580 head were sold at the province’s eight major auction marts during the week ended Oct. 6. Generally speaking, prices were higher in most classes. “We’re seeing the demand on the
Cyber-Savvy Farmer
