There’s a good possibility the Canadian cattle industry will start to shrink if U.S. mandatory country-of-origin labeling (COOL) rules on meat stay in place as they are. COOL came into effect about five years ago, making it mandatory for retailers to label meat that comes from countries outside of the U.S. The World Trade Organization […] Read more
Cattle industry seen likely to shrink if COOL stays
Prairie wheat cash bids mixed
Cash bids for western Canadian spring wheat continued were mixed during the week ending Monday (Nov. 25). Basis levels were wider on average, though some locations were showing improvement. Average spot bids for Canada Western red spring (CWRS, 13.5 per cent protein) wheat across Manitoba, Saskatchewan and Alberta came in at around $212 per tonne, […] Read more
Logistical issues weaken canola basis levels
Cash prices for canola in Western Canada are trending lower, as basis levels are weaker due to logistical issues in the country. “We’ve got elevators behind on getting cars, and we’ve got such a big crop out there, not just canola but everything else that’s trying to find its way through the system,” said Jon […] Read more
ICE weekly outlook: Canola bias leaning lower
ICE Futures Canada canola contracts moved lower during the week ended Wednesday (Nov. 20), with the January contract closing just above the key support level of C$480 per tonne. Some of the weakness in the market was linked to spillover pressure from the losses seen in the Chicago soybean complex and reports of high oil […] Read more
Prairie wheat bids continue to fall, basis levels steady
Cash bids for western Canadian spring wheat continued to move lower during the week ended Monday, though basis levels were holding steady. Much of the weakness in western Canadian cash bids was linked to the losses seen in U.S. wheat futures. Average spot bids for Canada Western red spring (13.5 per cent protein) across Manitoba, […] Read more
Some Prairie areas too dry heading into freeze-up
Some areas across Western Canada are experiencing dry soils heading into the winter freeze-up — which could affect some crops trying to survive over the winter. “There are some concerns with pasture recovery and just starting up the season next year,” said Trevor Hadwen, agroclimate specialist with Agriculture and Agri-Food Canada. “In terms of native […] Read more
Prairie wheat bids fall with sharply weaker U.S. futures
Cash bids for western Canadian spring wheat moved lower for the third straight week during the period ending Tuesday, following sharp losses seen in the U.S. futures markets. Average spot bids on Tuesday for Canada Western red spring wheat (CWRS, 13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$214 per […] Read more
Pulse acres could rebound in next few years
The area planted to pulse crops in Canada could take another leap forward in the next couple of years, Greg Kostal of Kostal Ag Consulting said during a presentation at the Cereals North America global grain conference in Winnipeg. Pulse area in Canada has its ebbs and flows, he said. As prices become favourable, farmers […] Read more
Chinese demand for coal supports ocean freight market
The global ocean freight market is seen as generally good this year, with strong demand for coal from China providing support. “China is importing more coal and rebuilding stockpiles, which is giving strength to freight markets,” Christopher Nolan of Summit Maritime Corp. said during a presentation at the Cereals North America global grain conference in […] Read more
Analyst sees less corn, more soy in U.S. in 2014-15
The United States’ corn crop is expected to be smaller in 2014-15 compared to this year, while soybean production should increase. Speaking at the Cereals North America global grain conference in Winnipeg, Dr. Bill Tierney, chief economist with AgResource, projected U.S. corn production in 2014-15 would total 13.77 billion bushels, which compares to his estimate […] Read more
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