Volumes are slowly increasing at cattle markets across Manitoba as more auction marts open for the fall season. Nearly 3,000 cattle made their way before buyers during the week ended Sept. 8, compared to a little over 1,000 animals the week before. “The good-quality yearlings were very decent; we had about 100 new-crop calves here
Autumn gradually arriving at Manitoba cattle markets
A softer slaughter cattle market isn’t unusual right now
ICE weekly outlook: Harvest pressure set to increase
CNS Canada — The canola market will likely be tested in coming days as harvest pressure, both north and south of the border, intensifies. While futures enjoyed a bounce upward following a bearish report from the U.S. Department of Agriculture on Tuesday, the technical bias appears to be pointed lower. The front-month November contract at
Feds step in to restore rail service to Churchill
CNS Canada — The federal government says it’s prepared to restore rail service to Hudson Bay at Churchill, Man. The Hudson Bay Railway, running from The Pas to Churchill, was closed in the spring of 2017 after flooding damaged multiple sections of the route to the northern Manitoba community. U.S. rail operator OmniTrax, the line’s
U.S. soy, corn growers take stock after Harvey
StatsCan’s canola outlook is within trade estimates
The effects of Hurricane Harvey on soybean-growing weather and energy markets made for a choppy canola market during the week ended Aug. 31. The frenetic week ended with Statistics Canada’s production estimates, which made for an interesting question: was it bullish or bearish? The initial response seemed to indicate investors were mildly reassured by the
Diesel prices could rise further in Harvey’s wake
CNS Canada — Diesel prices in Western Canada have risen by about six to seven cents a litre since Hurricane Harvey ravaged the petroleum-rich Texas coast. An expert with the fuel industry says harvest pressure will likely keep the diesel market from correcting downward, and push prices up a bit more. “So (the market) appears
CBOT weekly outlook; Corn, soybeans holding above support
CNS Canada — Corn and soybean markets appear to be holding firm above major support levels as harvest approaches for much of the U.S. Futures have actually risen in recent days as large funds cover shorts ahead of next week’s supply and demand report, due out Tuesday next week from the U.S. Department of Agriculture.
ICE weekly outlook: Canola rises, post-report
CNS Canada — It was an eventful week for the ICE Futures Canada canola market as many in the trade were preparing for the release of Statistics Canada’s crop production report on Thursday. While the report is always taken lightly because it relies on month-old data, it still gives participants some sense of how the
Cattle values soften as markets seek a new low
Retail beef purchases should slow after Labour Day
The cattle market seems to be carving out a bottom for itself as the summer season winds down. Just over 650 animals made their way through the rings of the few auction marts that were open during the week ended Aug. 25. Prices were a bit softer than last week, for the most part. Butcher
Year-ago Canadian canola crop revised higher
CNS Canada — Canada’s 2016 canola crop has been revised higher in Statistics Canada’s first production estimates for 2017, released Thursday. StatsCan raised the 2016-17 production number from 18.4 million tonnes to 19.6 million, and pegged the 2017 crop at 18.2 million tonnes, which was somewhere in the middle of trade estimates. “I think there’s
Fundamentals help canola get back above $500 mark
U.S. wheat futures slip on improving conditions
It was a choppy time for canola contracts during the week ended Aug. 18, but underlying fundamentals have pushed the front-month contracts above the psychologically important $500-per-tonne mark. Questions are growing about next year’s carry-out, as current trade guesses put the crop somewhere between 17.5 million and 19.5 million tonnes. A lot of the crop
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