The remaining four million tonnes of expected production is enough to move markets
Canola contracts on the ICE Futures exchange fell to their lowest levels of the past year during the week ended Oct. 26, as harvest operations across Western Canada finally neared completion. Farmers in both Alberta and Saskatchewan reported good progress during the week, helping ease concerns over unharvested acres being left out over the winter. […] Read more
A later run and shortage of feed may be causing even bigger volumes than usual
Manitoba’s cattle auctions were busy during the week ended Oct. 19, as the fall run hit its full stride. “I think every barn had their biggest sale of the year so far,” said Rick Wright of Heartland Order Buying. While big volumes are normal for this time of year, he said cattle were coming to […] Read more
New-crop canola is already making its way to market
ICE canola futures started the holiday-shortened week ended Oct. 12 by climbing to their highest levels in nearly two months, but quickly ran into resistance and trended lower. Cool, wet, harvest-delaying weather across the Prairies remained a supportive influence, but windows of opportunity were presenting themselves and canola was making its way into the commercial […] Read more
Producers still plan to cull cattle to fit feed supplies
The fall cattle run is off to a slow start in Manitoba this year, as improving pasture conditions kept some cattle away from the markets a little longer than normal. Prices for what was moving during the week ended Oct. 5 were steady at most markets, although seasonal pressure should pick up in the weeks […] Read more
Wheat traders are also keeping an eye on Australia and Russia
Hard red spring wheat bids in Western Canada posted solid gains during the week ended Oct. 5, as gains in U.S. futures and concerns over harvest delays in parts of the Prairies provided support. Production issues in Australia and reports that Russia may be curtailing wheat exports were also supportive for North American wheat prices […] Read more
Son-of-NAFTA lifts the Canadian dollar, weighing on exports
Stalled harvest progress across Western Canada saw canola prices move steadily higher on the ICE Futures platform for most of the week ended Sept. 28. While cool and wet conditions should remain a supportive factor as long as they persist, activity in the Chicago soybean complex could override any weather-related strength. Manitoba farmers got most […] Read more
Rising U.S. wheat futures values have helped offset strength in the Canadian dollar
Hard red spring wheat bids in Western Canada posted solid gains during the week ended Sept. 21, as advances in U.S. futures provided support and countered the bearish influence of the rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4-$7 per tonne over the course […] Read more
Cash wheat values took support from U.S. futures against a stronger Canadian dollar
Hard red spring wheat bids in Western Canada held rangebound in most locations during the week ended Sept. 14, with small gains in some areas and small losses in others, as the futures held reasonably steady and the Canadian dollar strengthened. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were within […] Read more
StatsCan’s reports did little to move markets either way
ICE Futures canola contracts held within a rather narrow range during the week ended Sept. 7, with even a pair of Statistics Canada reports unable to break the market out of its sideways pattern. Prairie harvest operations are moving north, and weather conditions and yield reports will be followed closely for at least the next […] Read more
New crop estimates are due out from StatsCan next week
ICE canola contracts moved higher during the week ended Aug. 17, although the market remains rangebound overall with seasonal harvest pressure and a large U.S. soybean crop likely to temper the upside going forward. From a chart standpoint, the November contract remains stuck in a $50 range between $475 and $525 per tonne. Statistics Canada […] Read more
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