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ICE July 2021 canola (candlesticks) with 20-day movjng average (green line), ICE November 2021 canola (yellow line) and CBOT July 2021 soybeans (black line, left column). (Barchart)
Crops, Markets, Weather

ICE weekly outlook: Weather, carryout support canola

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MarketsFarm — As higher-than-normal temperatures become almost a weekly occurrence in Western Canada amidst tightening carryout stocks, canola seems primed for another extended rally. Despite rains in Western Canada over the past three weeks, providing some relief for canola crops and triggering fund liquidation on the markets, carryout remains very low, with warmer temperatures exacerbating
(DarcyMaulsby/iStock/Getty Images)
Crops, Markets

Potash partnership with BHP ‘not our focus,’ Nutrien executive says

Prices surging on rising demand, Belarus sanctions

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Winnipeg | Reuters — Canadian potash producer Nutrien is not focused on any potential collaboration with miner BHP Group, a senior Nutrien executive said Tuesday in the company’s first public comments about reports of possible co-operation. BHP has for years been constructing a potash mine at Jansen, Sask., near Nutrien’s six mines in the province.
(Peggy Greb photo courtesy ARS/USDA)
Crops, Markets, Pulses, Weather

Pulse weekly outlook: Manitoba dry beans in good shape

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MarketsFarm — Despite temperatures ranging from near-freezing lows to sweltering highs and receiving little precipitation, Manitoba’s dry edible bean crop has weathered the conditions well, according to the province’s pulse specialist. “We’ve had some interesting weather over the last week to two weeks,” Dennis Lange, pulse specialist for Manitoba Agriculture at Altona, said, referring to
CME October 2021 feeder cattle (candlesticks) with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

Klassen: Feeder market percolating higher

Weakness in feeder futures seen as temporary hiccup

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Compared to last week, western Canadian yearling prices were $1-$4 higher on average; calves were steady to $2 higher. Limited volume of calves under 600 lbs. made the market hard to define; however, strong demand was surfacing across all weight categories. The weaker Canadian dollar, along with stronger live cattle futures, set a positive tone.
CBOT July 2021 soybeans (candlesticks) with CME July 2021 crude palm oil and ICE July 2021 canola (green and yellow lines, left column). (Barchart)
Crops, Markets

U.S. grains: Soybeans down with vegetable oil prices

Chicago July corn, wheat up

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Chicago | Reuters — U.S. soybean futures fell on Wednesday to their lowest level in nearly two months, pressured by a retreat in global vegetable oil prices from multi-year highs, analysts said. Corn and wheat futures ended mixed, with the nearby July corn and wheat contracts closing higher, while back months declined. Chicago Board of
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market heating up

Volumes thin with auction barns in holiday mode

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Compared to last week, western Canadian yearling steers traded $3-$4 higher while yearling heifers were steady to $2 higher. Mid-weight calves or young yearlings from 600 to 800 lbs. were $3-$5 higher on average. Calves under 600 lbs. were relatively unchanged. Favourable rains across the Prairies have enhanced crop prospects for barley and wheat. April
(Dave Bedard photo)
Crops, Markets, Weather

Dry weather may cut into Canadian crop prospects, AAFC says

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MarketsFarm — Dry weather conditions across Western Canada could cut into production prospects in the region, according to updated supply/demand tables released Thursday by Agriculture and Agri-Food Canada. “Extremely dry conditions prevail in large parts of Western Canada, allowing for rapid seeding progress which is trending ahead of normal; however, timely precipitation this spring and

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