GFM Network News

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,

Manitoba’s harvest underway

MarketsFarm — Harvest activity has begun in the easternmost Prairie province, with 88 per cent of winter wheat, 90 per cent of fall rye and two per cent of canola in Manitoba’s bins. Overall, 13 per cent of crops in the province are harvested. According to the most recent crop report from Manitoba Agriculture, the

Cattle prices stronger despite summer doldrums

Fall calf run is still a few weeks away and could be rain delayed

Cattle prices at Heartland’s Virden auction have gained strength in recent weeks, due in part to consistent demand and few active auctions across the province. Many auctions across Manitoba take the summer off, but Heartland and Winnipeg Auction Mart held sales this week. “Feeder and fed cattle took a nice run of increases over the past two weeks,” remarked Heartland Virden’s

Butcher cattle prices stay steady across province

Low animal numbers have been met with steady demand

Butcher cattle prices have held strength at cattle auctions scattered across Manitoba, due to low numbers at auction and steady demand. “The butcher market remains fully steady, with stable demand supporting prices,” commented Harold Unrau of Grunthal Livestock Auction Mart. During the week ended July 30, Grunthal and Winnipeg held auctions, servicing approximately 300 cattle.

CBOT expecting large corn and soybean crops

Growing conditions in the U.S. are expected to push up corn and soybean yields

The Chicago Board of Trade (CBOT) continues to watch growing conditions in key regions of the United States, as record yields are expected for corn crops. “Corn is pretty much made,” said Terry Reilly of Futures International in Chicago, Illinois. “Conditions have improved significantly and nobody sees any major problems,” Reilly said. Trade participants expect

Canola crops in some spots on the Prairies are currently about a month away from swathing.

Despite bearish pressures, canola remains rangebound

Storms in some areas have built a weather premium into crop values

Canola on the ICE Futures exchange remained locked in a range during the week ended July 23. Canola prices started the week at $485.30 per tonne and were on either side of steady throughout the week. The November contract closed July 23 at $485.40 per tonne. By all accounts, canola prices held up to considerable