CNS Canada — The ICE Futures canola market has hit the winter lull and there isn’t much driving it, according to one trader. “The meal has been a leader to the upside, so that again should help crush margins and it has helped crush margins. But trade has been lacklustre and I expect that to […] Read more
ICE weekly outlook: Canola stuck in winter slump
Klassen: Feeder market starts year with cautious tone
Western Canadian feeder cattle prices were relatively unchanged to slightly softer compared to mid-December. The market was lightly tested, with direct off farm to feedlot trade, but auction market activity was rather quiet. Winter conditions in southern Alberta caused buyers to be on the defensive, with lighter calves reflecting small discounts; however, vaccinated feeders on […] Read more
Prairie wheat bids fall with U.S. futures
CNS Canada — Wheat bids in Western Canada were mostly down for the week ended Friday with a weaker Canadian dollar and falling U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $1-$7, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and […] Read more
Falling U.S. futures weigh on Prairie wheat bids
CNS Canada — Hard red spring wheat bids in Western Canada lost ground during the week ended Friday, as losses in U.S. futures more than offset the supportive influence of the declining Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3-$11 per tonne over the course […] Read more
Fertilizer prices to rise on global production shifts
CNS Canada — Canadian fertilizer prices are expected to increase as spring draws nearer, according to industry professionals. “The further you buy out from spring, the prices tend to be a little bit lower. In making your commitments early, prices tend to edge up as you get closer to spring,” said Don Kitson of International […] Read more
ICE weekly outlook: Canola at mercy of U.S. soy
CNS Canada — The ICE canola market is currently at the mercy of the soybean market as it awaits this week’s G20 meeting between Chinese President Xi Jinping and U.S. President Donald Trump. “We’ve got the big pop in the soybeans in anticipation of some positive developments at this weekend’s G20 meetings… we are getting […] Read more
Trade certainty doesn’t translate to higher loonie
CNS Canada — Even with more certainty around trade with the U.S., Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P. […] Read more
ICE weekly outlook: Canola set to chop around bottom end of long-term range
CNS Canada — Contracts on the ICE Futures canola market are bracing for turbulence in coming days as trade negotiations between Canada and the U.S. and a looming production report from Statistics Canada take centre stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send canola […] Read more
Klassen: Small volumes characterize feeder cattle market
It’s that time of year when the feeder cattle market experiences a calm before the storm. The fall run will get underway over the next three weeks and recent market activity appears to be quite positive. Last week, yearlings and calves traded $3 on either side of unchanged compared to seven days earlier. However, larger […] Read more
Klassen: Stronger beef demand underpins feeder market
Compared to last week, Western Canadian yearling markets traded $2 to $4 higher on average while calves were relatively unchanged. It appears that yearling supplies could be down 2 per cent to 4 per cent this fall which has feedlots being more aggressive early in the season. Major markets in Alberta led the charge higher […] Read more
Cyber-Savvy Farmer
