Markets & Farming Articles - Manitoba Co-operator

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CME April 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

Livestock, Markets

U.S. livestock: CME live cattle up on improved slaughter pace

Lean hogs down on profit-taking

By GFM Network News, Karl Plume January 27, 2022

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Wednesday on technical buying and as rising U.S. slaughter rates eased concerns about cattle supply backups. Cattle processing rates have ramped up after pandemic-related staffing shortages at some meat plants. The U.S. Department of Agriculture (USDA) estimated Wednesday’s cattle slaughter at 118,000

Gavilon in October last year opened a new southern Montana grain elevator, shown here, at Huntley, just northeast of Billings. (Gavilon.com)

Viterra to buy Marubeni’s U.S. grain firm Gavilon

Grain handler looking to expand reach in Americas through acquisitions

By Dave Bedard, GFM Network News January 27, 2022

Grain firm Viterra’s plans to buy an expanded global reach are about to move forward with a 10-figure deal for the bulk of U.S. ag commodity firm Gavilon’s grain business. Viterra, owned by commodities firm Glencore and two Canadian public-sector pension funds, announced Wednesday it will pay $1.125 billion to buy Omaha-based Gavilon from the

Currency markets

Canadian Financial Close: C$ firm as banks hold steady on rates

By GFM Network News January 26, 2022

By MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The Canadian dollar was firmer on Wednesday as currency traders reacted to interest rate announcements from central banks in Canada and the United States. The Canadian dollar closed at US$0.7933 or US$1=C$1.2606 on Wednesday, which compares with Tuesday’s North American close of US$0.7918 or US$1=C$1.2629. Both the Bank

Futures markets

North American Grain and Oilseed Review: Last minute support comes forth

U.S. soybeans spike, wheat falls hard

By GFM Network News January 26, 2022

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed higher on Wednesday, although there were slight losses in some of the very sparsely-traded new crop contracts. For most of the session, the declines were in the old crop months, as the trade focuses more and more on the new

Futures markets

ICE Canola Midday: Closing the gap between old, new crops

Nearby contracts likely not returning to C$1,000/tonne

By GFM Network News January 26, 2022

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were seeing declines in most old crop months at midday Wednesday, while the new crop positions were steady to higher. A trader said there’s been a move to boost the new crop closer to the old crop, noting this could carry

Global Markets: Central banks announce interest rate decisions

By GFM Network News January 26, 2022

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The central banks for both Canada and the United States are expected to announce plans to raise their key interest rates in an effort to alleviate rising inflation on Wednesday. Many analysts believe the Bank of Canada, which

Futures markets

ICE canola weakens in early trade

By GFM Network News January 26, 2022

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The ICE Futures canola market was posting small losses Wednesday morning, as speculative long liquidation continued to weigh on values. Early strength in the Canadian dollar and a lack of significant end user demand, as buying interest has been rationed at current levels, contributed to declines.

Currency markets

Canadian Dollar and Business Outlook: Loonie rising ahead of BoC announcement

Key rate interest expected to double

By GFM Network News January 26, 2022

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The Canadian dollar was stronger on Wednesday morning, ahead of the interest rate announcement from Bank of Canada Governor Tiff Macklem. As of 8:34 am CST, the Canadian dollar was at US$0.7944 or C$1.2587, compared to Tuesday’s close of US$0.7918 or C$1.2629. The markets expect

Photo: iStock/Getty Images.

Transport strains pile on drought-induced feed shortages

Importing U.S. corn not cheap

By GFM Network News, Rod Nickel January 26, 2022

Winnipeg | Reuters — Canadian farmers say they are just days away from running out of feed for cattle, due to severe drought last summer damaging crops needed to fatten them over winter and transportation bottlenecks. The drought devastated Prairie pastures and has now forced feedlots in Alberta, the main cattle-producing province, to buy more

File photo of lentils being moved into bins in Saskatchewan. (Bobloblaw/iStock/Getty Images)

Crops, Markets, Pulses

Pulse weekly outlook: Early signs point to larger Canadian crops

By GFM Network News, Phil Franz-Warkentin January 26, 2022

MarketsFarm — Early signs point to a sizeable increase in Canadian pulse production in 2022-23, but co-operative weather will be needed to meet those expectations. Strong returns over the past year relative to other crops should encourage farmers to seed more peas and lentils in 2022, according to the first outlook for the new crop