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Manitoba cattle market better than rest of Prairies
Livestock Markets, Markets

Manitoba cattle market better than rest of Prairies

Geography is working in favour of local producers, with more nearby market options

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While cattle prices are starting to soften across most of Western Canada, Manitoba is finding itself as the exception. “In Manitoba things aren’t looking too bad. They’ve got some options there, their price has almost been a premium, or some of the strongest in Western Canada,” said Brian Perillat, manager and senior analyst at Canfax.
Canada Prairie Spring Red wheat bids fell anywhere from $8 to $10 per tonne on the week.
Grain Markets, Markets

Prairie wheat bids down with U.S. futures

MGEX September wheat futures dropped by more than four per cent on the week

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Wheat bids in Western Can­ada were down for another week, as trade tensions continued to weigh on U.S. futures markets. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $6 to $13 per tonne across the Prairie provinces, according to price quotes from a cross-section
Rain across Prairies, fund liquidation drag on canola
Grain Markets, Markets

Rain across Prairies, fund liquidation drag on canola

U.S. trade spats with other countries roil commodities

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The ICE Futures Canada canola market continued to trend lower during the week ended June 8. The front-month July contract gave way to the November contract month as the dominant value, as traders roll into the new crop. November sunk below the $510-per-tonne mark and closed at $511.10, down $11.90 from June 1. Fund liquidation
Weaker loonie drives up Prairie wheat bids
Grain Markets, Markets

Weaker loonie drives up Prairie wheat bids

MGEX, CBOT and K.C. July wheat contracts all rose in value on the week

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A weaker Canadian dollar combined with rising U.S. futures drove wheat bids in Western Canada higher for the week ended May 18. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were up by $10-$11 per tonne across the Prairie provinces, according to price quotes from a cross-section of
Oilseed Rape Pods
Grain Markets, Markets

Canola futures stay locked in long-term trading range

Saskatchewan and western Manitoba stay on the dry side

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ICE Futures Canada canola contracts held within their well-established trading range during the week ended May 18, with all eyes on weather conditions at this time of year. Some much-needed rain hit Winnipeg and surrounding areas of Manitoba on Friday, but western parts of the province and Saskatchewan remain on the dry side and in
Seeding launch adds bearish influence to grain markets
Grain Markets, Markets

Seeding launch adds bearish influence to grain markets

Canola futures’ move to the U.S. shuts the lid on the WCE era

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It was a bit of a mixed bag in the canola market during the week ended May 4, with old-crop months drifting lower and new-crop contracts steady to higher. Warm and dry weather across Western Canada allowed farmers to start making headway with spring seeding, with cereals and pulses the first to go in the
Oilseed Rape Pods
Grain Markets, Markets

Canola futures drift lower despite seeding intentions

Other vegetable oil markets also remain under pressure

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ICE Futures Canada canola futures had every reason to rally sharply higher during the week ended April 27, but ignored all of the bullish news and drifted down instead. Canola had been looking rather expensive compared to other oilseeds, which likely contributed to the softer tone. A drop in Chicago Board of Trade (CBOT) soyoil
Canola up on weaker loonie, increased export chatter
Grain Markets, Markets

Canola up on weaker loonie, increased export chatter

StatsCan estimates and labour issues at CP loom large

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ICE Futures Canada canola contracts posted solid gains over the week ended April 20, correcting off of nearby lows despite a softer tone in Chicago soybeans and soyoil. Weakness in the Canadian dollar, which lost about a cent relative to its U.S. counterpart, accounted for some of the strength in the futures. However, crush margins
Argentina’s late rainfalls drag on oilseed futures
Grain Markets, Markets

Argentina’s late rainfalls drag on oilseed futures

Snows on the Prairies weigh on canola’s price outlook

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ICE Futures Canada canola contracts held above the $520-per-tonne mark during the week ended March 26, as speculative buying helped offset the bearish influence of rain in South America. From March 16 to March 23, canola lost $2.50 to end Friday at $520.60 per tonne. The week started off with a thud, as beneficial rains
Prairie wheat bids drop with U.S. futures
Grain Markets, Markets

Prairie wheat bids drop with U.S. futures

USDA’s outlook for record-low winter wheat acres was still above expectations

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Hard red spring wheat bids in Western Canada moved lower during the week ended Jan. 12, as the futures in the U.S. fell sharply on Friday in response to bearish acreage data from the U.S. Department of Agriculture. While USDA pegged winter wheat seedings in the country at their lowest level in more than 100

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