Reading Time: 3 minutes Stony Plain, Alta. grain broker Agfinity laid off employees and started the process of declaring bankruptcy in mid-October, according to former employees. Three former employees are working at launching a new brokerage firm, Grain Gateway Canada, but have run into some strangeness online.
Agfinity shuttered, new brokerage facing online questions
Feed grains: Corn prices rising above feed barley, as C$ falls
Reading Time: < 1 minute Prices for corn delivered into southern Alberta have risen at a quicker pace than domestic barley over the past few weeks, which should keep barley in feed rations and temper corn imports for the time being.
Canadian yellow peas moving to India, but for how long?
Reading Time: 2 minutes India has regained its spot as the top destination for Canadian yellow pea exports, but a looming end to duty-free imports could change trade flows in the New Year.
ICE canola outlook: Sideways trade as resistance counters support
Reading Time: 2 minutes The ICE Futures canola market traded within a wide C$30 per tonne range during the first week of November, with the nearby price trends pointing sideways.
Canola speculative short position smallest in year
Reading Time: < 1 minute Speculators were busy covering short positions and moving more money to the long side of the canola market during the week ended Oct. 29, taking the net short position in the oilseed to its lowest level in over a year, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Right to repair bills passed by Canadian government
Reading Time: < 1 minute The Canadian Senate passed two 'right to repair' bills amending the country's Copyright Act on Oct. 31, with the legislation now awaiting royal assent before becoming law.
CBOT soybeans/corn in ‘tug-o-war’
Reading Time: < 1 minute Soybean and corn futures at the Chicago Board of Trade were pressured by losses in crude oil over the past week, but uncovered support and could see some choppiness ahead of the United States election. The commodities were in a 'tug-o-war' as large supplies were countered by good demand.
Ukrainian grain exports to fall in 2024/25: USDA attaché
Reading Time: < 1 minute Ukrainian grain exports are expected to be down in the 2024/25 marketing year due to smaller crops, tighter carryout stocks and the ongoing challenges of shipping through the Black Sea, according to the United States Department of Agriculture’s Foreign Agricultural Service in Kyiv.
Fund short position in canola smallest in six months
Reading Time: < 1 minute The net fund short position in canola fell to its lowest level in six months during the week ended Oct. 22, as speculators covered bearish bets and put on new longs, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Prairie wheat bids mixed as U.S. futures, loonie weaken
Reading Time: 2 minutes Hard red spring wheat bids in Western Canada were mixed during the week ended Oct. 24, although the general bias was lower in most locations.
A message from April Stewart, Country Guide's Associate Editor
