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Heap of soybeans, close up, full frame

U.S. soybean futures drag ICE canola contracts lower

Manitoba is furthest ahead in Prairie spring seeding

ICE Futures Canada canola contracts held rangebound for most of the week ended May 19, but trended lower overall as larger losses in the Chicago soy complex put some pressure on values. Crop reports put out by all three Prairie provinces during the week showed a mixed bag when it comes to seeding progress. Manitoba […] Read more


Fence and canola crop

Bearish factors for U.S. soy trump supports for canola

Last fall’s canola could become this spring’s problem

ICE Futures Canada canola contracts ran into upside resistance during the week ended May 12, as the commodity’s own supportive fundamentals were countered by the much more bearish outlook for U.S. soybeans. Canadian canola supplies are looking rather tight, with Statistics Canada showing only 6.6 million tonnes in the country as of March 31. That’s […] Read more



Western wheat bids chop up and down

Average prices for CWRS wheat ran around $232 per tonne in western Manitoba

Hard red spring wheat bids in Western Canada saw volatile action during the week ended May 5, ultimately ending mixed in the face of competing influences. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by as much as $1.75 to up $2.25 per tonne across the Prairie provinces, according […] Read more


Local cattle prices track wild week in U.S. futures

Sales volumes are expected to slow with the season

Large price swings in the U.S. cattle futures led to similar activity in the Manitoba cattle auctions during the week ended May 5. U.S. cattle prices rallied sharply the first few days of May, with unseasonal snow that killed thousands of cattle in key U.S. feeding regions behind some of the buying interest. The resulting […] Read more



Rapeseed field and sun

Trade’s focus shifts to new-crop canola prospects

Facing tight old-crop supply, demand remains strong

The ICE Futures Canada canola market went in two directions during the week ended April 28, with the July/November spread narrowing in considerably. Speculators, adjusting positions, accounted for much of the activity during the week, especially in the May contract as traders exited that month before expiry. The old-crop July contract lost roughly $5 per […] Read more


CWRS bids rise along with weaker Canadian dollar

Basis levels across Western Canada range from C$19 to C$39 below the futures

Hard red spring wheat bids in Western Canada moved higher during the week ended April 21, as sharp weakness in the Canadian dollar made up for the softer tone in the Minneapolis spring wheat futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by C$2 to C$4 per tonne […] Read more



Stronger futures and weaker dollar boost cattle prices

Feeders benefit from abundant feed supplies and 
fallout from the Brazilian beef scandal

The numbers moving through Manitoba’s cattle auction yards may be slowing down for the season, as attention turns to spring field work and other priorities, but prices for the cattle still finding their way to the rings continue to strengthen. U.S. feeder cattle futures are at their highest levels of the past year, while the […] Read more


Prairie wheat bids rise, tracking U.S. futures

Cash durum and CPSR wheat prices in the West held steady on the week

Hard red spring wheat bids in Western Canada were slightly stronger during the week ended April 14 as advances in U.S. futures pointed the way higher. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were mostly higher, rising by $1 to as much as $9 per tonne across the Prairie provinces, […] Read more



CWRS bids continue downward slide across Prairies

Winter wheat futures in the U.S. have been holding steady

Hard red spring wheat bids in Western Canada continued to trend lower during the week ended April 7, posting losses for the third straight week as declines in Minneapolis futures weighed on prices. However, other wheat classes posted gains, as winter wheat futures in the U.S. held steady. Depending on the location, average Canada Western […] Read more


Canola remains rangebound as new-crop outlook fuzzy

Charts suggest U.S. soybeans are still pointed lower

ICE Futures Canada canola contracts fell to their lowest levels in more than six months on April 3, but bounced off those lows and were higher overall by the close on April 7. A bearish reaction to the U.S. Department of Agriculture’s prospective plantings and quarterly stocks reports sent soybeans in a tailspin lower, and […] Read more