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Chicago soy, lower loonie give boost to May canola
Grain Markets, Markets

Chicago soy, lower loonie give boost to May canola

In U.S. dollars, the commodity’s value is actually down

By
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
Portrait of female farmer
News

Agriculture an also-ran in federal budget

There were few tangible investments made to meet the government’s own targets to grow food exports

By
After enjoying headline status last year, the agri-food sector found itself once again on the back burner in the 2018 federal budget. There was none of the bold talk of 2017, when the agri-food export target of $75 billion by 2025 was set. Read more: New rules on passive investment arrive in budget Ron Bonnett, president
The railways say a tough winter has slowed grain traffic. Shippers say a jump in other cargoes has played at least as big a role in derailing grain traffic.
News

Grain companies ask Ottawa to get grain moving again

Elevators and farmers are suffering because grain sales were made on railway shipping projections that fell short

By
In the spring of 2014 Western Canada was suffering from a massive grain-shipping backlog and it’s happening all over again. On March 7, 2014, almost four years ago to the day, that backlog forced the federal cabinet to do something radical: order Canada’s two major railways to transport at least 5,500 cars of grain a
News

Grain shipping off the rails

Car fulfilment numbers are the worst they’ve been 
since the crisis of 2013-14

By
The latest grain-shipping numbers are in and it would seem the situation is going from bad to worse. According to the Ag Transport Coalition, car order fulfilment by the two railways was only at 38 per cent of demand during the week of February 12 (grain week 29). CN only delivered 17 per cent of
Prairie wheat bids follow lead of most U.S. futures
Cereals, Grain Markets, Markets

Prairie wheat bids follow lead of most U.S. futures

Durum bids in northwestern Saskatchewan rose to line up with those in other regions

By
Wheat bids in Western Canada rose in price for the week ended Feb. 9, for the most part following the lead of the U.S. futures markets. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices rose in Western Canada by $7-$9, according to price quotes from a cross-section
Canola rides out turbulence in world financial markets
Grain Markets, Markets, Oilseeds

Canola rides out turbulence in world financial markets

A lower loonie lent support to Canadian canola demand

By
It was a turbulent week for world financial markets but canola shrugged off much of the volatility and held firm, thanks in large part to weakness in the Canadian dollar. In fact, the market even showed a bit of bullishness as the front-month March contract broke through the psychologically important $500-per-tonne mark during the week
AGT president and CEO Murad Al-Katib says the company is well positioned to weather a commodity downturn due to diversification.
Markets, News

AGT stock tracks challenges of pulse industry

It’s been an up-and-down ride for this made-in-Canada success story

By
Saskatchewan-based AGT Food and Ingredients was riding a high in 2016. In May its stock hit highs of more than $40 per share. Almost a year and a half later, the story had changed and AGT stock hit lows of almost $18 per share — a level not seen since mid-2014. Marching in near lockstep
News

TPP II deal good news for agriculture

FCC’s top agriculture economist says there’s the potential for big benefits, but it will take time

By
Farm Credit Canada says a new trade deal with Asia is good news for the nation’s farmers. FCC says the new Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) will mean better market access and that’s always good news for agriculture. “We can open up markets more to what we have, especially when we have big competitors
Editorial, Opinion

Editorial: Ultimate inside information

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One day in my previous life as director of information for the Canadian Wheat Board, a Chinese delegation was in Winnipeg to negotiate a wheat purchase. By that time, Chinese negotiations were down to a few days rather than the few weeks they had taken in the 1960s and 1970s, but there was still a
Bearish factors outweigh bullish news in canola
Grain Markets, Markets

Bearish factors outweigh bullish news in canola

Reduced promotional funding may weigh on canola in future

By
Canola contracts on the ICE Futures Canada platform held within a rather narrow range during the week ended Jan. 26, lacking any real clear direction as conflicting outside forces kept the oilseed trading sideways. On the supportive side, weather worries in Argentina and the resulting gains in Chicago soybeans provided some underlying support. Solid end-user

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