A high volume of cattle came to Manitoba auctions last week and prices held close to record levels. The provincial industry has positioned itself for a potentially excellent start to 2024, according to Gladstone and Ashern auctioneer Tyler Slawinski. Overall volume of cattle coming for sale eased off a little at Gladstone, but Slawinski said
Large volumes coming in, cattle prices remain strong
Better weather brings calves to market and a grass cattle shortage looms
ICE weekly outlook: Canola likely to keep sliding back
With larger crop, trade likely to be overwhelmed by deliveries, analyst says
There is a rather significant bearish outlook for canola for the rest of December, according to Jerry Klassen of Resilient Commodity Analysis. He said a large part of this was generated by the Statistics Canada production report released on Dec. 4.
Higher canola, wheat production expected in StatCan report
Traders raise concerns about report accuracy
MarketsFarm — There was a consensus among several traders and analysts that Statistics Canada will very likely raise its estimates on canola and wheat production for 2023-24. Yields on the Prairies were better than expected following a difficult first half of the growing period, as the weather improved during the second half. StatCan is set
CBOT weekly: Mostly bullish influences on soy, corn, wheat
China increasing imports, Brazil in weather bind
MarketsFarm — While extreme weather differences in Brazil remained the main focus of the Chicago Board of Trade’s attention, increased imports by China were becoming another major factor, according to Terry Reilly, senior agricultural specialist for Marex in Chicago. “People are watching China’s increased demand for soybeans, wheat and potentially corn,” Reilly said, noting the
Prairie cash wheat: Prices fall back, more so for CWRS, CPSR
MGEX, K.C. wheats down on week
MarketsFarm — Wheat prices across the Prairies lost ground during the week ended Nov. 23, with Canada Western Red Spring and Canada Prairie Spring Red wheats incurring larger declines than those for durum. Minneapolis and Kansas City wheat futures pulled back during the week, but Chicago nudged up a little. Ongoing issues with lacklustre U.S.
Feed weekly outlook: Weak demand for barley
Cost of corn DDGS may favour barley
MarketsFarm — As demand for barley remains limp, it has become rather difficult to move the feed grain, according to Darcy Haley of Ag Value Brokers in Lethbridge. “There’s just no demand. We did barley March 10 at $320 per tonne, and in April through to July it traded at $328. That’s $7-$10 cheaper than
Funds, weather chop oilseed prices
Massive selloff of managed money positions drives oilseed prices down
All was going well for canola early in the week of Nov. 14, with the oilseed continuing on its path to recovery. Then things were shaken by speculative funds. Although those funds drove canola prices lower over much of the last month, managed money was also responsible for bringing things largely back to where they
Manitoba sunflower yields better than anticipated
Some crops may be left over winter
MarketsFarm — With most of Manitoba’s sunflower harvest believed to be almost complete for 2023, yields have proven to be better than expected, according to Dennis Lange at Manitoba Agriculture. “I’ve heard good comments from some in the industry that the sunflower crop looks pretty good this year,” Lange said, noting Manitoba yields were estimated
AAFC tweaks crop supply/demand estimates in November report
Estimates hold for most exports
MarketsFarm — Agriculture and Agri-Food Canada has slightly adjusted its supply/demand estimates for November. AAFC published its latest Outlook for Principal Field Crops on Tuesday. Of Canada’s major crops, the department left the 2023-24 ending stocks for canola at one million tonnes and all wheat at 3.6 million, while all other reported crops were left
Pulse weekly outlook: Pea prices beginning to weaken
'Increased export competition' seen
MarketsFarm — With increased export competition, pea prices in Western Canada have slipped back, according to Levon Sargsyan of Johnston Grains in Calgary. “We are hearing that China slowed their imports down from Canada, which is driving the current decrease in prices,” Sargsyan said. “They have increased their imports from countries like Russia, which is