Reading Time: < 1 minute Canadian canola futures are poised to slip back in the short term, although the oilseed could climb slowly higher in the long term, said Jamie Wilton, trader with R.J. O’Brien in Winnipeg, Man.
ICE Canada Weekly: Canola likely to remain rangebound
U.S. livestock: Cattle futures continue downward
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were weaker on Thursday, as a lack of fresh news continued to weigh on values. The December live cattle contract dropped 6.275 cents per pound at 219.000 cents. Feeder cattle fell 9.025 cents in the January contract at 318.450 cents per pound. The U.S. Department of Agriculture reported […] Read more
CBOT Weekly: Trade awaits USDA S/D report
Reading Time: 2 minutes Regardless of the United States government shutdown ending soon or not, the Department of Agriculture is set to issue its supply and demand report on Nov. 14. The USDA cancelled its October edition of World Agriculture Supply and Demand Estimates due to the shutdown and pushed back their November report a few days.
Notable changes in exports to China, India
Reading Time: 2 minutes China and India figured prominently in the September export data issued by the Canadian Grain Commission on Nov. 7. For the most part, the CGC’s numbers highlighted issues with grain, oilseed and pulse exports from licensed facilities to those countries.
Feed Grain Weekly: Prices starting to pick up
Reading Time: < 1 minute Prices for feed grain are “grinding higher” said Evan Peterson, trader with JGL Commodities in Saskatoon.
Prairie Wheat Weekly: Prices up in most areas
Reading Time: 2 minutes Cash prices for spring wheat and durum across the Canadian Prairies were mostly higher during the week ended Nov. 4. As Minneapolis spring wheat stepped back, there was a modest increase in Kansas City hard red while Chicago soft red was up sharply.
Dryness, drought likely to persist says forecaster
Reading Time: 2 minutes As winter approaches, the dry conditions and drought across much of the Canadian Prairies and the United States Plains will likely persist, said Drew Lerner, meteorologist with World Weather Inc. in Overland Park, Kan.
Pulse Weekly: India imposes 30 per cent tariff on yellow peas
Reading Time: 2 minutes Pulse Canada is quite unhappy with the Indian government’s recent move to slap a 30 per cent tariff on its yellow pea imports, said the pulse organization’s board chair Terry Youzwa.
ICE Canada Weekly: Canola could climb higher through to spring
Reading Time: < 1 minute With harvest pressure on canola over, the Canadian oilseed could track higher until spring, said David Derwin, commodity futures advisor for Ventum Financial in Winnipeg, Man. Although he cautioned there will be some rough patches along the way.
A message from April Stewart, Country Guide's Associate Editor
