Reading Time: 2 minutes In an unusual move, Agriculture and Agri-Food Canada has undertaken a third assessment for the federal livestock tax deferral. “Federal officials are currently finalizing the analysis to identify whether any additional regions have met the criteria for the livestock tax deferral,” AAFC spokesperson James Watson said. Under the deferral plan, cattle producers affected by severe […] Read more
Unusual third assessment run for livestock tax deferrals
ICE weekly outlook: Weak export data holds back canola market
Reading Time: 2 minutes The Canadian dollar and vegetable oil are the main supports for canola contracts on the futures markets, but sluggish exports are holding it back from further gains, said a market analyst. Other than being down on Monday, canola has finished up in five of its last six sessions, according to Pro Farmer Canada’s Mike Jubinville. […] Read more
Glyphosate raises milling questions
Reading Time: 3 minutes There’s more to the controversy surrounding glyphosate than whether the herbicide is safe to use or not: one miller has said it found oats and other grains treated with pre-harvest glyphosate don’t mill as well as untreated grains. Since 2015, Grain Millers Inc. has had a glyphosate-free policy on oats, said Eric Deblieck, a crop […] Read more
Charts point toward pullback for oats
Reading Time: < 1 minute CNS Canada — If you’re looking to sell some of your oats, now is the time to do so, according to Ed Baldwin. “We contacted our clients and said ‘Hey, if you got oats you want to sell, price them today,’” Baldwin, manager of advisory services and grain marketing for AgChieve Grain Marketing Experts in […] Read more
CBOT weekly outlook: Lack of USDA reports taking toll
Reading Time: 2 minutes CNS Canada — A lack of reports from the U.S. Department of Agriculture (USDA) because of the partial U.S. government shutdown is taking its toll on the Chicago Board of Trade. As of Wednesday, the partial shutdown of the U.S. government is in its 26th day and affecting USDA. One of the department’s key functions, […] Read more
Oil on rail likely won’t interfere with grain movements
Reading Time: 2 minutes CNS Canada — When considering the pattern of how grain is shipped by rail in Canada, it’s very unlikely increased oil shipments would interfere, according to Quorum Corp. “That’s largely because the flow of grain is predominantly to the West Coast and Thunder Bay,” said Quorum president Mark Hemmes. About 80 per cent of Canadian […] Read more
Feed weekly outlook: Changes slight in Prairie market
Reading Time: < 1 minute CNS Canada — Prices for feed-grade barley, corn and wheat have shifted slightly over the last week in Western Canada: wheat and barley prices have weakened, while corn prices are on the rise. Allen Pirness of Market Place Commodities at Lethbridge said feed barley is currently in the mid-$250s range, per tonne. Last week, feed […] Read more
CBOT weekly outlook: Trade news having little effect
Reading Time: 2 minutes CNS Canada — Even though news out of Beijing regarding the trade talks between the U.S. and China were reported as ending on a positive note Wednesday morning, one broker watching the Chicago Board of Trade didn’t see it having much effect on commodities. “The only thing that would be a real positive announcement would […] Read more
Pulse weekly outlook: Eyes on India as North America’s prices firm
Reading Time: 2 minutes CNS Canada — From where Prairie pulse market analysts sit, India’s politics and current weather situation remain important to watch. India’s national election will be called in the next three to five months. “There’s so many hundreds of thousands of farmers in India and they have political clout,” said Allan Johnston of Johnston Grains at […] Read more
Prairie wheat bids fall with U.S. futures
Reading Time: 2 minutes 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
A message from April Stewart, Country Guide's Associate Editor
