Volumes decline at sales as ranchers focus on calving
Cattle moving through Manitoba’s auction yards were up and down during the week, with some classes moving higher and others lower. The market had “a mixed feeling,” according to Robin Hill of Heartland Livestock Services at Virden. There was no real rhyme or reason to the gains or losses in the different classes of feeder […] Read more
Winter’s persistence also underpins grains and oilseeds
Canola futures moved steadily higher over the course of the week ended April 6, with new-crop November hitting fresh contract highs and the front months reaching their best levels in more than four months. The gains in canola came despite, or possibly because of, a choppy week in the Chicago soy complex. Heightening trade tensions […] Read more
MGEX May spring wheat dropped 24.25 U.S. cents per bushel on the week
Hard red spring wheat bids in Western Canada moved lower during the week ended March 29, as losses in Minneapolis futures weighed on values. A report from the U.S. Department of Agriculture predicting much larger spring wheat acres in the country than many analysts had expected accounted for the sell-off in the futures that spilled […] Read more
Recent snowfalls lend to optimism on grass cattle
Manitoba’s cattle auctions saw some good numbers move through the rings during the week ended March 23, although prices for heavier-weight animals came under pressure. Roughly 12,000 head were sold at the major auction marts during the week, compared to 13,000 head the previous week. Activity will likely be down during the last week of […] Read more
Rain for U.S. Plains and Argentina drags on futures
ICE Futures Canada canola contracts saw some choppy activity over the course of the week ended March 16, but trended higher overall with much of the relative strength coming from weakness in the Canadian dollar. The currency fell by about 1.5 cents relative to its U.S. counterpart over the course of the week, which helped […] Read more
The Canadian dollar climbed by about a quarter of a cent on the week
Hard red spring wheat bids in Western Canada moved lower during the week ended March 9, as losses in U.S. futures and a firmer tone in the Canadian dollar weighed on values. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $1-$2 per tonne across […] Read more
In U.S. dollars, the commodity’s value is actually down
ICE Futures Canada canola contracts moved to their highest levels in three months during the week ended March 2, having posted gains for 10 straight sessions. Losses in the Canadian dollar and gains in Chicago Board of Trade soybeans helped keep speculators on the buy side. While the May canola contract rose by $25 per […] Read more
Activity is seen staying strong as calving season looms
Activity was solid at Manitoba’s cattle auction yards during the week ended Feb. 23, with good demand for lighter animals especially. Roughly 10,600 head of cattle moved through the rings across the province, up from about 9,000 the previous week. Prices held reasonably steady on most classes, with the lighter-weight animals seeing the most strength. […] Read more
Large corn supplies keep cash prices under pressure
ICE Futures Canada canola contracts hit their best levels in two months during the week ended Feb. 16, but ran out of gas and retreated from those highs despite continued strength in Chicago soybeans. After rallying above the psychological $500-per-tonne mark on Monday (Feb. 12), March canola spent the next few days making attempts at […] Read more
A weaker loonie didn’t draw much cross-border traffic
Routine winter movement was the order of the day at Manitoba’s cattle auction marts during the week ended Feb. 9. Only about 6,300 cattle were on offer across the province during the week, down by about 2,000 from the previous week as cold temperatures limited some movement. Values held firm for the most part, with […] Read more
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