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China uncertainty continued in last week’s grain markets

A recent small purchase from the U.S. had little influence on price

As the United States/China trade war plods along between negotiations and making threats to hike tariffs, the spectre of what could happen down the proverbial road remains rather bleak. First was U.S. President Donald Trump speculating that China may not want to make a deal with the U.S. until after the 2020 presidential election. For […] Read more

Little direction in grain markets until August 12

USDA’s WASDE report will provide long-awaited numbers on corn, soybean and acres which were prevented from planting

Until August 12, the central story surrounding canola will be a lack of direction. There has been little to influence prices either up or down and this will likely remain the situation until the United States Department of Agriculture (USDA) issues monthly World Agricultural Supply and Demand Estimates (WASDE). In that report due August 12 […] Read more

Carson Callum joins Manitoba Beef Producers as general manager

Just a couple weeks into the job he says he’s finding his feet

MarketsFarm – Only three weeks into the job as the general manager for Manitoba Beef Producers (MBP), Carson Callum is faced with a few challenges. To Callum, the most pressing is the drought the province’s 6,500 cattle producers have contended with. “We had a drought in 2018 and a lot of our districts are having […] Read more

Action in oilseed markets swings on weather forecasts

Precipitation on the Prairies will steer canola values

In the constant battle between influences weighing on values or providing support for canola bids, last week came down to a battle between our rainfall versus their rainfall. On the Prairies, starting Father’s Day, precipitation brought struggling crops a little bit of a boost at a critical stage in their development. The Prairies have been […] Read more

Western Canadian wheat bids up in all classes

Gains in Kansas City and Chicago wheat futures offered up some support for cash prices

Wheat bids in Western Canada were up across the board for the week ended June 14. There were gains in Canada Western Red Spring Wheat (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD). Weakness in the Canadian dollar and gains in Kansas City and Chicago wheat futures provided support; a decrease […] Read more

Dry conditions on Prairies spur rally in canola values

Chicago futures may slip if U.S. growers are able to plant

By far the biggest factor for canola bids this past week was the weather. Persistent dry conditions throughout much of Western Canada have continued to provide a weather premium for canola, which helped to spur a 10-day rally that ended June 6. Starting May 24, the July ICE contract gained $12.90 per tonne to reach […] Read more

Fewer cattle, softer prices ahead of summer slowdown

Last week’s sale at Virden saw the biggest drop in volumes

As spring carries on, with summer approaching, the Grunthal Livestock Auction Mart has seen its numbers slip a little, according to manager Harold Unrau. “Prices were a little bit softer. Our head counts are down too, going into summer,” he said. At Grunthal’s May 14 auction, 295 feeders and 88 slaughter cattle were sold. The […] Read more

one dollar banknote among wheat grains

Wide range of variations seen in Prairie cash wheat prices

MGEX, CBOT and K.C. July wheat futures were all up significantly on the week

Wheat bids in Western Canada were across the board for the week ended May 17. There were losses in Canada Western Red Spring (CWRS) wheat, while Canada Prairie Spring Red (CPSR) prices were mixed and durum (CWAD) prices were largely steady. Firmness in the Canadian dollar and gains in U.S. futures also pushed and pulled […] Read more