GFM Network News

Cattle market holds strong in face of challenges ahead

Cattle market holds strong in face of challenges ahead

Current dry conditions and high prices for feed add pressure

Despite recently backing off, Manitoba’s cattle market maintained some strength for the week ended April 8, according to Gladstone Auction Mart auctioneer Tyler Slawinski. The market, he said, is not as strong as it was at its peak about four weeks ago. “Fewer cattle are moving. Everybody is either cleaning out or they have cleaned out due

ICE July 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark yellow and green lines). (Barchart)

ICE weekly outlook: For canola, the only certainty is volatility

"The market has to feel comfortable there’s a crop on the way"

MarketsFarm — After starting this week with losses, canola bounced back with back-to-back gains, raising prices by more than $20 per tonne for old-crop after falling back $4-$5 on Monday. Errol Anderson, an analyst with ProMarket Communications in Calgary, emphasized there will be a good amount of volatility in the markets, with wide swings possible

(Qingwa/iStock/Getty Images)

CBOT weekly outlook: Focus to shift after USDA’s largely stand-pat WASDE report

MarketsFarm — There was little change in U.S. markets shortly after the release of the latest supply and demand estimates from the U.S. Department of Agriculture (USDA). But that scenario could change for wheat markets, said Steve Georgy, president of Allendale Inc. at McHenry, Ill. “We’ve got to pay attention to how the wheat markets

Canola moved upwards in lockstep with soy futures after a surprising planting projections survey.

Up limit spike points to more acres needed

A key USDA report shocked the market and resulted in prices moving upward

Shock and awe rocked the markets on March 31 after the United States Department of Agriculture (USDA) issued its prospective plantings report. The first survey-based projections for 2021 caught the markets largely off guard that Wednesday, which sent prices to their daily limit in several commodities. That not only included the soy complex and corn

(Serts/iStock/Getty Images)

Pulse weekly outlook: Lentil values mainly steady

'There’s no fire in the lentil belly, that’s for sure'

MarketsFarm — There hasn’t been much change in lentil prices over the last week and at least one marketer expects there likely won’t be any when it comes to the amount of lentils that Canadian farmers plant in 2021. “[Lentil prices] are just softer than what they were. There’s no fire in the lentil belly,

The canola market is weighing the notion that commercial traders, by means of high prices, have bought as much from farmers as they possibly can.

It wasn’t a great week for prices, especially old-crop canola

Other edible oils also ate their share of losses during the week

Rather than getting any St. Patrick’s Day luck, ICE canola futures took more of a hit from the Ides of March. Profit-taking was the main feature for the week ending March 18, which drove a knife into prices that had recently hit record highs. After trading above $800 per tonne to start the week, May