Just a few auction yards remain open in Manitoba as ranchers enter the summer season. About 640 head were shown to buyers during the week ended June 30, down from 827 the previous week. Of the three major outlets still operating in July, just two held sales. According to Rick Wright of Heartland Order Buying
Mainly culls, bulls put up for sale during slow week
Beef demand should taper off as July’s holidays pass
ICE weekly outlook: Canola market at mercy of weather
CNS Canada — ICE Futures Canada canola contracts climbed higher during the week ended Wednesday, following gains in the U.S. soy market. The dominant November canola contract posted a gain of $28.70 per tonne. That lifted it above major resistance to settle at $510.80. Prices were also boosted by concerns that rising temperatures in Western
Prairie wheat bids rise amid concerns over U.S. wheat
Conditions in U.S. spring wheat areas raise questions over quality and yield
Hard red spring wheat bids in Western Canada posted gains during the week ended June 23, as continued concerns about yields and quality in the U.S. spring wheat crop pushed the market higher. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $6-$8 per tonne across the Prairie provinces, according
Summer slowdown begins for Manitoba auction marts
Signals point to a market getting set to weaken
The dog days of summer have arrived at auction marts in Manitoba, as just 827 cattle were sold during the week ended June 23, well down from the previous week when 1,890 animals were sold. Prices stayed relatively firm, however, with some mild strengthening on a few of the light heifer classes. For instance, heifers
Crude oil bearishness seeps into canola market
CNS Canada — The falling price of crude oil is a bearish force weighing on many agricultural commodities, including canola, according to a Prairie market analyst. “Crude oil has been a driver of this weakness,” said Errol Anderson, president of ProMarket Communications in Calgary. In the past month, crude oil dropped roughly US$9 per barrel
Strengthening loonie beats strengthening vegetable oil
Rain on the Prairies is also bearish on canola futures
It was a volatile time for the ICE Futures Canada canola market during the week ended June 16 as the weight of the rising Canadian currency offset gains in vegetable oil. The most active November canola contract lost $6.70 to fall to $488.20 by Friday’s close. The nearby July contract lost just 50 cents as
Manitoba forages fight past winterkill, pest issues
CNS Canada — The first hay cut is well underway in several parts of Manitoba as favourable weather conditions set the stage for what could be a decent forage season. “Generally speaking they’re (forages) all doing well,” said Pamela Iwanchysko, farm production extension specialist with the provincial government in Dauphin. “The rains were timely.” What
CBOT weekly outlook: Corn, soy set for major move on acres
CNS Canada — Corn futures on the Chicago Board of Trade could be set for a major move depending on what the U.S. Department of Agriculture reveals in next week’s acreage estimates, according to an analyst. “We’ll find out, did we really plant the 90 million (acres) or are we under?” said Scott Capinegro, president
Soybeans elbow their way to top of Prairie market
CNS Canada — As soybeans rise in acreage across Western Canada, many are wondering which crop will bear the brunt of their sudden expansion. “Guys are trying to figure out — is it squeezing out canola or peas?” said Dan Mazier, president of Keystone Agricultural Producers. “It’s one of those products.” Flax has also taken
Consistent demand supports prices ahead of slowdown
Many producers may be wishing they had more to sell
Cattle prices remained firm at Manitoba auction marts during the week ended June 9. Bids for steers (400-500 lbs.) rose $3-$5 per hundredweight on average with other lightweight animals also showing slight improvements. The heavier-class animals posted gains with heifers (600-700 lbs.) rising roughly $5-$10. “All the classes look strong; some guys are making $400
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