September U.S. wheat futures climb by 14 to 24.5 U.S. cents on the week
Hard red spring wheat bids in Western Canada moved higher in most locations during the week ended July 6, taking some direction from a rally in U.S. futures as prices corrected off of nearby lows. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $9 per tonne in northwestern Saskatchewan […] Read more
Markets will watch where soybeans go as tariffs kick in
ICE Futures Canada canola contracts held within a rather narrow range during the week ended June 29, with only the nearby July contract seeing some wide price swings as traders exited the front month before its expiry. Aside from the month-end spread trade, positioning ahead of a number of key reports kept activity on the […] Read more
Fallout from the GM wheat finding remains to be seen
ICE Futures Canada canola contracts fell to some of their lowest levels in months during the week ended June 15, before finding some support at the lows. The new-crop November contract fell below $505 per tonne at one point during the week, but was back around the $510 level by Friday’s close. Chicago soybeans were […] Read more
MGEX, CBOT and K.C. July wheat futures were all down from the previous week
Hard red spring wheat bids in Western Canada moved lower during the week ended June 8, as improving North American crop conditions weighed on Minneapolis spring wheat futures. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $3-$7 per tonne across the Prairie provinces, according to […] Read more
The winter wheat harvest could pressure wheat for now
Much-needed rain fell across large areas of Western Canada during the week ended June 1, weighing on canola prices as traders took some of the weather premiums out of the market and farmers became more willing sellers. Chart-based selling added to the declines, as canola backed away from major upside resistance. The July contract had […] Read more
Recovery in feeder and fat cattle futures is supportive
Activity is slowing down for the summer at cattle yards across Manitoba, although values remain steady for the odds and ends still finding their way to market. A number of cattle yards are already operating at a reduced summer schedule, with sales on a biweekly basis before a complete shutdown in July. Volumes were light […] Read more
Saskatchewan and western Manitoba stay on the dry side
ICE Futures Canada canola contracts held within their well-established trading range during the week ended May 18, with all eyes on weather conditions at this time of year. Some much-needed rain hit Winnipeg and surrounding areas of Manitoba on Friday, but western parts of the province and Saskatchewan remain on the dry side and in […] Read more
Improved seeding conditions for spring wheat are also bearish for cash wheat values
Hard red spring wheat bids in Western Canada moved lower during the week ended May 11 as a rally in the Canadian dollar and losses in U.S. futures weighed on values. Forecasts calling for improving moisture conditions in U.S. winter wheat-growing regions accounted for some of the selling pressure, while better spring wheat seeding conditions […] Read more
Values could soften in fall if grain prices stay strong
Manitoba cattle markets are generally holding firm in mid-May, although the seasonal slowdown in numbers moving through the yards led to some choppiness from animal to animal. “Some cattle were stronger, some weren’t,” said Dave Nickel of Gladstone Auction Mart, adding it was hard to get a handle on the market direction. “The best cattle […] Read more
Canola futures’ move to the U.S. shuts the lid on the WCE era
It was a bit of a mixed bag in the canola market during the week ended May 4, with old-crop months drifting lower and new-crop contracts steady to higher. Warm and dry weather across Western Canada allowed farmers to start making headway with spring seeding, with cereals and pulses the first to go in the […] Read more
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