MarketsFarm — There has been a rally at the Chicago Board of Trade (CBOT) following the release of the monthly supply and demand report from the U.S. Department of Agriculture (USDA — but it’s unlikely for that rally to continue, an analyst said. Soybeans jumped in excess of 25 cents per bushel in the nearby
CBOT weekly outlook: USDA report sparks rally, but likely to wane
Fall run continues as heavier cattle prices doing OK
Numbers of animals delivered to sales are starting to slowly increase
Cattle numbers remain quite high as the fall run continued, according to Tyler Slawinski of the Gladstone and Ashern auction marts. He said Gladstone is already full for its next sale on Nov. 2, with Ashern and most other auctions across the province to see quite a few head coming in. “The weather is still
Churchill port on two-year hiatus
Operator says ambitious rail rehabilitation will be key to future success
It’s going to be awhile before the next ship is loaded at the northern Manitoba Port of Churchill. About two years, according to Sheldon Affleck, chief executive officer of the Arctic Gateway Group (AGG). The group consists of 29 Indigenous and a dozen non-Indigenous communities that own and operate the 627-mile rail line from The
ICE weekly outlook: Crude oil at heart of canola’s fate
MarketsFarm – As gains in global crude oil prices have been largely behind the increases in edible oil values, any losses in crude will lead to declines in the edibles. Such was the case on Nov. 3 when crude oil took a dip, pulling down soyoil on the Chicago Board of Trade (CBOT) as well
Feed weekly outlook: Almost out of space for corn
MarketsFarm – At this point of the fall, there’s not much room still to be had for feed corn, according to Brandon Motz of CorNine Commodities in Lacombe, Alta. In the meantime, prices for feed barley and wheat continued to push higher. “The in-bound corn is picking up and we are starting to see new
Canola futures to resume rising
Fundamentals support a continued climb following a setback last week
After several days of gains, ICE Futures canola took an inevitable double-digit step back on Oct. 21. Despite the extremely tight supply situation in Canada, canola was bound to take a breather, as profit-taking was thought to have driven down prices on that Thursday. However, it’s unlikely the Canadian oilseed will continue to push lower.
Port of Churchill out of commission for two years
The sight of grain vessels being loaded at the Port of Churchill in northern Manitoba won’t happen for two years, according to Sheldon Affleck, chief executive officer of the Arctic Gateway Group (AGG). The group consists of 29 Indigenous and a dozen non-Indigenous communities that own and operate the rail line from The Pas to
Pulse weekly outlook: Possible seed shortage for lentils
With lentil yields varying across the Prairies this year some growers could find themselves short on seed to plant in 2022. “It depends on if you have booked seed already somewhere or you normally clean your own,” said Dale McManus, trader with Johnston’s Grain in Welwyn, Sask. “A lot of lentils haven’t brought to the
ICE weekly outlook: Canola rally keeps going
Not yet back at $1K, but it's possible
MarketsFarm — With good gains from other edible oils, canola has remained on the rise so far during the week of Oct. 18. It’s uncertain as to how much longer the rally could press on, but analyst David Derwin of PI Financial in Winnipeg said canola punching through $1,000 per tonne again is possible. “Never
Things could be a lot worse for cattle sector, auctioneer says
Dry conditions are creeping back into Manitoba pastures
To auctioneer Tyler Slawinski, the Manitoba cattle industry could be in a more difficult situation than it’s in now. He pointed out the severe drought this year has meant a shortage of feed grain — but not to the extent it appeared to be a few months ago. “People went from not enough feed to…
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