CNS Canada — ICE Futures Canada canola contracts moved steadily higher over the past week as grain markets reacted to a mounting trade dispute between China and the U.S. While no sanctions are yet in place, the back-and-forth sabre-rattling between the two countries now includes proposed Chinese tariffs on U.S. soybeans, which weighed heavily on
ICE weekly outlook: Canola watching U.S./China spat
Inventories burdensome on heavier-weight cattle
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
Pulse weekly outlook: Manitoba may give peas a chance
CNS Canada — Total Canadian pea acres are likely to be down in 2018 as export challenges have cut into prices. However, Manitoba could be an outlier, with increased area to the pulse crop a strong possibility. “People are interested in growing peas, but there’s caution there,” said Francois Labelle, executive director of Manitoba Pulse
Canola draws strength from weaker Canadian currency
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
CBOT weekly outlook: Soy, corn market attention shifts north
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower over the past week, but stabilized at those lows as attention shifts from weather concerns in Argentina to planting intentions in North America. Rains in Argentina over the past weekend helped ease dryness concerns there somewhat and caused soybeans and
Pulse weekly outlook: Manitoba bean acres depend on soy
CNS Canada — After Manitoba in 2017 grew its largest edible bean crop in more than a decade, a downturn could be expected in 2018. However, new-crop pricing opportunities look favourable and industry participants say it’s still too early to get a firm sense on seeding intentions. “The pinto market is long in terms of
Canadian wheat bids track U.S. futures lower
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
ICE weekly outlook: Canola bids ‘not too bad’
CNS Canada — ICE Futures Canada canola contracts have seen some large price swings over the past two weeks, but the bids in the countryside remain relatively favourable overall, according to an analyst. The May contract hit a nearby high of $530.50 per tonne on March 5 before dropping to a session low of $511.50
Chicago soy, lower loonie give boost to May canola
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
Feed weekly outlook: Canada importing more U.S. DDGS
CNS Canada — A better-quality Canadian grain crop in 2017 has opened the door to increased imports of distillers dried grains with solubles (DDGS) from the U.S., as Canadian livestock feeders look for other options. Canada imported about 700,000 tonnes of the ethanol byproduct from the U.S. in 2017, the largest imports since 2011 and
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