Values are still well down from springtime levels
All of Manitoba’s cattle auction yards were back in operation for the first time since June during the week ended Sept. 15, as the weather turned from summer to fall and the local cattle sector geared up for the busiest marketing time of year. “We’re starting out better than we did last year,” said Allan […] Read more
Seasonal harvest pressure also drags on cash wheat values
Hard red spring wheat bids in Western Canada continued to trend lower during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie weighed on values despite gains in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $2-$6 per tonne across the […] Read more
Irma and Harvey create a cautious tone in U.S. markets
ICE Futures Canada canola contracts fell to the bottom edge of their two-month trading range during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie provided a double whammy of bearish news. Weather conditions were close to ideal for farmers to make good progress across much of the Prairies, and the […] Read more
Lower MGEX wheat futures and a rising loonie also drag on cash prices
Hard red spring wheat bids in Western Canada moved lower for the sixth straight week during the week ended Sept. 1, as an advancing U.S. harvest, declines in Minneapolis futures, and a rising Canadian dollar all weighed on local prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by […] Read more
Dry pastures might force earlier sales of some cattle
The back-to-school season also saw the doors open at a few more Manitoba cattle auction yards during the last week of August, but activity won’t really pick up until late September as the nearby attention focuses on the grain harvest. “We’re probably a couple of weeks away from seeing any kind of volume,” said Rick […] Read more
A rising loonie and falling U.S. wheat futures drag on cash wheat values
Hard red spring wheat bids in Western Canada during the week ended Aug. 18 moved lower for a fourth consecutive week as declines in U.S. futures and strength in the Canadian dollar weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $1-$4 per tonne across the […] Read more
One sale to report; more scheduled for the week of July 24-28
Only one cattle sale was held in Manitoba during the week, as most markets are either closed for the summer or running at a reduced schedule. Therefore we won’t carry the usual price table this week. Winnipeg Livestock Sales held a sale on Friday where 200 cattle moved through the rings. “It was short and […] Read more
Wheat futures rallied on conditions in Montana and North Dakota
Hard red spring wheat bids in Western Canada continued to rise with the rallying U.S. futures during the week ended June 30, as drought conditions in North Dakota and Montana worsened. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $33 to $37 per tonne across the Prairie provinces, according […] Read more
Traders are already second-guessing StatsCan on acres
ICE Futures Canada canola contracts climbed higher over the course of the week ended June 30, hitting their best levels in months, despite large North American oilseed acres confirmed by Statistics Canada and the U.S. Department of Agriculture. Record Canadian canola seedings and a six-million-acre increase in U.S. soybean area would typically be bearish for […] Read more
Traders’ acreage estimates lean toward bearish levels
ICE Futures Canada canola contracts dropped hard during the week ended June 23, hitting some of their lowest levels in months. The biggest losses were in the new-crop months, with improving crop weather and declines in the U.S. soy complex behind some of the selling pressure. The nearby July contract lagged to the downside, as […] Read more
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