Reading Time: < 1 minute The ICE Futures canola market fell sharply lower during the week ended Aug. 14, hitting its lowest levels since 2020 as rising soybean production estimates out of the United States weighed on values.
ICE canola weekly: Dropping with soy complex
Prairie spring wheat bids dip with U.S. futures, rising loonie
Reading Time: 2 minutes Average Canada Western Red Spring (13.5%) wheat prices were down C$0.90 to down C$3.30 per tonne across the Prairies, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from C$244.80 per tonne in southeastern Saskatchewan to as high as C$272.60 per tonne in southern Alberta.
Canada labour board ruling opens door for rail workers to be off the job by Aug. 22
Reading Time: 2 minutes Workers at Canada’s two major railways could be on strike as early as Aug. 22 following a decision by the Canada Industrial Relations Board (CIRB) issued Aug. 9 on the safety implications of a stoppage.
Canadian markets ignoring any weather woes for now
Reading Time: 3 minutes Heat and a lack of moisture in parts of Western Canada likely cut into production prospects this year. However, any weather concerns have yet to find their way into the markets, with solid production prospects out of the United States weighing on values overall.
Prairie feed grain markets trending lower as harvest looms
Reading Time: < 1 minute Feed grain bids in Western Canada continue to trend lower, with early harvest pressure contributing to the softness.
Saskatchewan crops advance rapidly: report
Reading Time: 2 minutes Hot temperatures and a lack of moisture saw crops in Saskatchewan continue to advance rapidly during the week ended Aug. 5, according to the latest provincial crop report, with the conditions leading to a further decline in yield potential. While any moisture received would be too late for advanced crops, producers indicated precipitation would still […] Read more
Bearish Chicago grains/oilseeds in need of a new story
Reading Time: 2 minutes Soybean, corn and wheat futures in the United States are all trading near contract lows, with a lack of any significant weather threats likely to keep the bias pointed lower until something changes the narrative.
Canadian pea exports slow in June
Reading Time: < 1 minute Canadian pea exports slowed in June, as end user demand shifted to the looming new crop with only one month left in the 2023/24 marketing year, according to the latest Statistics Canada trade data released Aug. 6. Chickpea movement was also slow, while lentil exports were up on the month but still off the year-ago pace.
CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside
Reading Time: < 1 minute A lack of any major weather concerns kept soybean and corn futures at the Chicago Board of Trade trending lower during the last week of July, with many months hitting contract lows.
WATCH: Enthusiasm beats the heat at AIM 2024
Reading Time: 2 minutes The full attendance tally is still to come, but O’Connor estimated that this year’s event drew 30,000-32,000, with many people needing more than one day to make their way through the grounds to take in the new machinery, innovations, crop research and all things ag-related in-between.
A message from April Stewart, Country Guide's Associate Editor
