GFM Network News

Unusually warm temperatures for this time in November have kept farmers’ attention off selling their crops, in turn pushing canola prices higher.

Canola gets bounce off soybeans’ gains

Uncertainty also continues over U.S. soybean acreage

ICE Futures canola made significant gains during the week ended Nov. 5, after starting the week in the red. Canola prices started the week at $534.90 per tonne, with the January contract losing over $7 per tonne. However, unseasonably balmy weather and support from comparable vegetable oils gave prices a much-needed boost throughout the week, and the January

Fall run continues to pressure cattle prices

Demand is expected to be high for bred cattle coming soon to market

The fall run is in full swing at Manitoba’s cattle auctions, and prices are coming under pressure typical for this time of year. “Feeder cattle are under pressure,” said Harold Unrau, manager at Grunthal Livestock Auction Mart. He cited high grain prices and dropping U.S. cattle futures as possible reasons for the depressed prices, along

Canola values rangebound following recent gains

U.S. soybean futures have recently tested contract highs

ICE canola futures have steadied, following considerable gains since mid-August, and remained largely rangebound during the week ended Thursday, Oct. 15. Canola prices started the week at $525.30 per tonne, with the November contract losing $2 per tonne on Tuesday. Trade activity was choppy for the rest of the week, and the November contract closed

Fall run begins at Manitoba cattle auctions

The annual rush is nicely underway and expected to last through the month of October

Cattle prices in Manitoba remained strong throughout the month of September, and prices have firmed up as the fall run begins. “We’re going to see volume get fairly big after Thanksgiving,” remarked Robin Hill of Virden’s Heartland Livestock Auction on Oct. 9. “Volumes at every auction mart are going to increase drastically.” Last week, auctions across Manitoba saw

Lower cattle supplies supportive for prices

Pastures remain in good condition, pre-empting the fall run

Prices have been strong for butcher and feeder cattle, supported mainly by low numbers of cattle heading to auction in Manitoba. The expected fall run has been delayed by unseasonably warm temperatures across most of Manitoba, as pastures have remained in good condition. “Because we’ve had good fall weather, that’s kept cattle out on pasture

ICE canola down off previous week’s gains

Weakness in Chicago soyoil futures also helped drag canola values lower

Canola contracts on ICE Futures walked back significant gains during the week ended Sept. 24, after hitting two-year highs the week prior. Canola prices started the week at $526.40 per tonne, with the November contract losing $4.90 per tonne on Monday. Losses continued for the rest of the week, and the November contract closed at

Cattle prices strong as fall run continues

Manitoba cattle have seen interest from both the west and east

Cattle prices were strong at auctions across Manitoba during the week ended Sept. 18, as more cattle head to auction for the fall run. “Now that harvest is tapering off, we’re going to see more cattle coming in,” said Tyler Slawinski, an auctioneer at the Gladstone Auction Mart. He noted some areas of the province

Activity slow to pick up at Manitoba cattle auctions

Below-average cattle counts at sales were supportive for feeder prices

Many cattle auctions across Manitoba came back from summer breaks during the week ended Sept. 3, but the volume of cattle at auction was below average. “I think it’ll be awhile before it’s busy because there’s a lot of grass out there,” Harold Unrau, manager of Grunthal Livestock Auction Mart, said. “It’ll probably be towards

Cattle prices strong heading into autumn

Fed cattle prices remain slightly depressed

Feeder cattle prices have recovered to levels seen this time last year, due largely to strong demand for cattle coming off the grass. “Last week, we were steady to five cents per pound higher when compared to last year,” said Brian Perillat, senior analyst at Canfax in Calgary. “Calf and feeder markets are doing well,