CNS Canada — ICE Futures Canada canola contracts zigged and zagged around the $520 per tonne mark during the week ended Wednesday — but one analyst says the market could really take a turn if and when the future of the North American Free Trade Agreement is clarified. “The Canadian dollar is already moving to
ICE weekly outlook: Canola futures linked to NAFTA
U.S. soybean stocks ground high-flying canola futures
A dump of snow over the Prairies also put prices in flux
Canola contracts on the ICE Futures Canada platform soared to their highest levels in months during the week ended March 9, but ultimately fell back to earth after the U.S. Department of Agriculture hiked its estimate for U.S. ending stocks of soybeans. The agency pegged the carry-out at 555 million bushels, about 25 million bushels
Feed weekly outlook: Prairie wheat stored as southern Plains dry out
CNS Canada — A rise in U.S. corn prices has helped lift the entire feed market in southern Alberta, though one industry expert says it isn’t the only factor strengthening the market. “Barley is getting increasingly difficult to buy as we clean up old-crop supplies,” said Allen Pirness of Market Place Commodities at Lethbridge. Cattle
CBOT weekly outlook: Soy running out of time for move upward
CNS Canada — Soybean futures on the Chicago Board of Trade came off their highs during the week and could be poised for further losses, according to a trader. The most-active May contract recorded a high of $10.77 a bushel on March 7 but ended at $10.32 at Wednesday’s close (all figures US$). Jack Scoville
Enjoy stable diesel market while you can, analyst says
CNS Canada — The short-term outlook for the diesel market in North America calls for current prices to remain largely untouched through spring planting — but it could change drastically after that. According to Tom Kloza of the Oil Price Information Service in New Jersey, prices for diesel could even get higher than crude oil.
Cattle arrive at market carrying more poundage
Auction markets now see demand coming from the U.S.
The effects of this winter’s cold temperatures are starting to become evident as cattle in Manitoba seem to be showing up at auctions weighing slightly more than last year. “Cattle eat well in the cold and they eat more when it’s cold,” said Allan Munroe of Killarney Auction Mart. Last year’s winter was difficult on
Pulse weekly outlook: Alberta pea area tries to hang on
CNS Canada — Despite a drop in spot prices due to tariffs imposed by India on peas, one industry expert says she isn’t convinced that means acreage will drastically be reduced in Alberta this spring. “I think we’ll see a little bit of a drop, but I don’t think it will be as impactful as
Pressure on the loonie helps lift canola futures
Conditions in South America add a weather premium
Contracts on the ICE Futures Canada canola complex continued to strengthen during the week ended Feb. 23, as weather issues in South America and action in the Canadian dollar underpinned the market. Traders were rolling out of the March contract and into May, resulting in a flurry of spread action during the week. The tilt
Tepid rail service cripples farmer deliveries on Prairies
CNS Canada — Prairie farmers are struggling to generate cash flow for their operations due to the lack of rail cars that are available to pick up their grain. “Spring is coming up, farmers need cash flow and we don’t get cash flow if your grain is sitting in a bin waiting for a train
Cattle prices supported on interest from Ontario
Cattle volumes increased at Manitoba auctions on the week
It was a surprisingly busy week for Manitoba auction marts during the week ended Feb. 16, as over 9,000 animals made their way to market, up from just 7,700 the week before. “We saw some good volume this week,” said Rick Wright of Heartland Order Buying Co. “Everyone was up.” Strong interest from eastern buyers
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