Reading Time: 3 minutes Teamsters voted to strike in May, but labour action is still in gridlock as both sides wait for Canadian Industrial Relations Board decision.
Rail strike still looms as holdup stretches on
Grain industry says delaying what appears to be an inevitable strike isn’t helpful
Prairie Wheat Weekly: Prairie wheat bids trend lower with U.S. futures
Spring wheat bids in Western Canada fell sharply lower during the week ended June 13, seeing a continuation of the previous week’s declines as losses in the United States futures weighed on values. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by C$16.00 to C$18.40 per tonne across the Prairies, according […] Read more
Feed weekly: Prairie barley market steady with good new crop projections
Feed barley bids are holding relatively steady in Western Canada, showing little movement over the past month as end users await the new crop amid relatively favourable growing conditions. Drought fears had encouraged some demand earlier in the year, but “now that those fears have been alleviated, (buyers) are starting to dig in,” according to […] Read more
June Supply and Demand report has little effect on grain markets
To broker Ryan Ettner of Allendale Inc. the June supply and demand reports from the United States Department of Agriculture has little impact on the markets for June 12. “Given the fact we didn’t miss expectations by much in any category, I would say we continue to trade as we have been trading,” Ettner said. […] Read more
ICE weekly: Canola futures volatile amidst selling, rainy weather
Intercontinental Exchange (ICE) canola futures went on a rollercoaster ride during the week ended June 12. The July contract failed to record consecutive gains or losses during the week, with prices ranging from C$615.40 to C$641.80 per tonne. The November contract, which traded as high as C$662.90 earlier in the week, fell to its lowest […] Read more
Fund short position grows in canola
Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more
Prairie wheat bids climb with U.S. futures
Spring wheat bids in Western Canada climbed higher during the week ended April 25, as a rally in United States futures provided support. Chart-based speculative buying was behind much of the strength in the futures, as fund traders bought back some of their large net short position. Declining crop ratings for U.S. winter wheat, the […] Read more
Barley market prospects
Reading Time: < 1 minute Barley prices have been slipping lower during this crop year. Neil Blue, provincial crops market analyst, says the seasonal pattern of barley prices implies that there should have been a price recovery following harvest, but that has not been the case. The tariff on Australian barley exports to China was dropped in August 2023 and […] Read more
Canola market hasn’t hit bottom yet
With low demand, the oilseed is expected to continue its downward trajectory
Reading Time: 2 minutes Canola prices have been falling steadily since reaching record highs in 2022, and according to agriculture markets analyst Brad Magnusson, they haven’t hit bottom yet. The CEO of Magnusson Consulting Group spoke to farmers at St. Jean Farm Days Jan. 10 in St. Jean Baptiste, Manitoba. “Demand is low,” he said, pointing to a graph […] Read more
Argentina farm exports halved in 2023
Reading Time: < 1 minute Argentine farm exports totalled about US$19.7 billion in 2023, data from the country’s major oilseeds crushing and export body show. That is a 51 per cent drop from the previous year, largely because bad weather reduced agricultural output. December data from industry body CIARA-CEC showed in a monthly report that companies in the sector exported […] Read more
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