Canola contracts on the ICE Futures Canada platform lost some ground during the week ended May 4. The declines posted in the nearby May and July futures were greater than in the November-and-beyond months. The unwinding of the old-crop/new-crop spreads was a feature during the week, which resulted in the nearby months moving down and
New-crop U.S. corn slips on expected record acres
Fundamentals seen holding canola cash bids firm
With canola futures on the ICE Futures Canada platform undergoing some extreme declines over the past few sessions, there have been worries that cash bids may also follow suit. However, some analysts are confident the fundamentals remain solid enough that any push lower in the cash market will only be temporary. One farm source said
Stocks report confirms strong canola, wheat usage
The stocks in all positions report from Statistics Canada on Monday was generally within expected pre-report parameters, but confirmed usage of canola and wheat were stronger than anticipated, industry analysts said. "The stocks of canola on-farm and in commercial position as of March 31 was interesting and had friendly price implications for the futures, but
StatsCan stocks report to confirm canola, feed usage
An updated grain and oilseed stocks-in-all-positions report, due Monday from Statistics Canada, will be watched to confirm usage of the various crops — and to see if there have been any adjustments to last year’s production. "I think the important numbers will be the usage pace, especially for canola since exports and domestic demand have
Precipitation slows seeding in Alberta
Varying amounts of precipitation prevented producers in Alberta from getting on fields and actively preparing for spring seeding during the week ended May 2, according to a provincial crop specialist. "Some seeding in the province has been completed, however," said Harry Brook with the Alberta Ag-Info Centre at Stettler.In more southerly regions of Alberta, seeding
“Spectacularly strong” demand fuels record year for pork exports
Exports of fresh, chilled and frozen pork set a record in 2011, but will likely dip this year. “Demand for Canadian pork products from China, South Korea and Russia were spectacularly strong in 2011,” said Martin Rice, executive director of the Canadian Pork Council. The final tally came to 1.15 million tonnes, surpassing the previous
California’s BSE case has no lasting impact here
Cattle movement at auction yards in Manitoba slowed somewhat during the week ended April 27 as farmers start to concentrate on spring field work. However, the big news that had the Manitoba cattle market buzzing was the discovery of an animal in the U.S. with bovine spongiform encephalopathy (BSE) or more commonly known as mad
Traffic can’t last much longer at local auctions
Cattle movement to the various auction yards in Manitoba was described as mixed during the week ended April 20. Cattle marketings were heavy at some locations while light at others, with the weather the key factor in determining those levels. As for prices, the market held fairly steady on steers and was slightly higher for
StatsCan’s canola estimate awaited
The first planting survey report for 2012, to be released Tuesday (April 24) by Statistics Canada, is expected to show Canadian farmers intend on seeding record acres to canola. Now the questions: Exactly how high will the area be to canola? And will the report be an accurate reflection of seeding intentions? "There are already
Pork exports set new 2011 record, 2012 seen down
Canadian exports of fresh, chilled and frozen pork established a new record during calendar year 2011, but are unlikely to match that level in 2012, according to an official in the industry. "Demand for Canadian pork products from China, South Korea and Russia were spectacularly strong in 2011 and helped to fuel the record level,"
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