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Starting bids for feeder steers in the 800- to 900-lb range have dropped $15/cwt since February.
Livestock Markets, Markets

Beef supply expectations drag on Manitoba cattle auctions

Spring seeding work takes priority for many producers

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The looming glut of fat cattle expected to descend on the North American meat market this summer is already starting to be felt on the price boards of Manitoba auction marts. Bids for heavier-weight cattle were especially under pressure during the week ended May 17, according to participants. “Heavy cattle have been feeling the pressure
Weak loonie drives Prairie wheat bids upward
Grain Markets, Markets

Weak loonie drives Prairie wheat bids upward

Average CWRS prices were up $3 per tonne on the week, while CPSR bids rose $13-$15

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Most wheat bids in Western Canada rose for the week ended April 27, taking strength from a lower Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices rose by $3 per tonne across most of the Prairie provinces, according to price quotes from a cross-section of delivery points compiled by PDQ
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Currency markets, Markets, Other

Don’t let currencies drive you ‘loonie’

There are a few practical ways to look at managing currency fluctuations

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A question I often get asked at hedging workshops and marketing presentations is about currency risk management. In particular, how to best manage it from a practical point of view. Farmers ultimately get paid in Canadian dollars, even though their commodity is priced either directly or indirectly in U.S. dollars. Whether it’s a flat price
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola awaits acreage report

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CNS Canada — This week’s acreage estimates from Statistics Canada could bring an end to canola’s recent chart surge upward — or could give futures the impetus to move even higher. The dominant July contract closed Wednesday at $535 per tonne, a gain of $8 from the previous Wednesday’s close. Prairie farmers on Friday will
Canola draws strength from weaker Canadian currency
Grain Markets, Markets

Canola draws strength from weaker Canadian currency

Rain for U.S. Plains and Argentina drags on futures

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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
Snowstorm leads to snow day for Manitoba cattle auctions
Livestock Markets, Markets

Snowstorm leads to snow day for Manitoba cattle auctions

Economic uncertainty drags on the Canadian dollar

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The late-winter snowstorm which hit Western Canada the first weekend in March caused auction marts across Manitoba to cancel sales. “I don’t think anybody sold anything until (Thursday). We had no cattle at all, either sale. And Brandon had no cattle, Killarney had no cattle,” said Robin Hill of Heartland Livestock Services at Virden. Of
Don’t expect big moves from the loonie in 2018, analysts say.
Currency markets, News, Other

Loonie to stay range bound in 2018

Higher oil prices and an expected interest rate rise are keeping the Canuck buck aloft

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Following the Canadian dollar’s recent rally it should stay range bound, according to financial analysts. “It’s a little bit of an exciting story for the loonie. We’re just kind of seeing it range bound but that’s sort of what the fundamentals are telling us,” said Brian DePratto, senior economist with TD Economics. Over the course

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