Canola prices hung on fairly well during the week ended Oct. 9, but Canadian farmers may still see canola heading under $600 a tonne
GRAIN MARKET: Good week for canola not likely to last
Canola could be heading down below $600/tonne
Manitoba cattle prices, Oct. 10
ICE Canada Weekly: Canola poised to slip below C$600/tonne
Look for November canola to slip below C$600 per tonne by the end of Thanksgiving week, said Phil Speiss, trader with RBC Dominion Securities in Winnipeg.
Manitoba cattle prices – Oct. 3
Good weather pushes Alberta harvest along
Thanks to a stretch of good weather, Alberta farmers advanced their harvest 12 points during the week ended Sept. 29 to 89 per cent complete. The Alberta agriculture department said that’s seven points above the five-year average.
B.C. ostrich owner condemns violence near embattled farm
One of the owners of Universal Ostrich near Edgewood, B.C. condemned the alleged assault and arson against one of the farm’s neighbours said to have been committed by a protestor. The farm is in a legal battle with federal authorities over a cull order of the farm’s ostriches, which contracted avian influenza.
Good progress made in Sask. harvest
Combining in Saskatchewan is in the home stretch as the province’s agriculture department reported it at 84 per cent complete. Although the harvest advanced 16 points during the week ended Sept. 29, it was eight points behind the five-year average.
China’s canola, soybeans imports to drop one million tonnes each
China is expected to import one million tonnes less of canola in 2025/26 than in the previous marketing year, the United States Department of Agriculture attaché in Beijing projected. China was projected to acquire 3.10 million tonnes of canola this year versus 4.10 million in 2024/25.
CBOT Weekly: Trading being guided by emotions
Emotional trading was guiding activity at the United States commodity markets, said Ryan Ettner, broker with Allendale Inc. The McHenry, Ill.-based Ettner said that particularly held true for Chicago Board of Trade soybeans and corn to a lesser extent.
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