Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada improved during the week ended Friday, with prices receiving support from dry weather conditions in Alberta and Saskatchewan. Weakness in the Canadian dollar, which fell from the US80-cent mark to the mid-77-cent range between April 29 and Friday, added to the upside. Depending on the […] Read more
Prairie spring wheat bids rise with dry weather
Farming in a troubled economy
It looks like a weak dollar isn’t so good for agriculture after all
Reading Time: 5 minutes Farmers almost universally accept the premise that a drop in the Canadian dollar is bullish for our agriculture because our commodities are priced off the U.S. This increases our prices domestically and also makes us more competitive both in the U.S. and in regions where commodity transactions are made in American dollars. But is this […] Read more
Klassen: Feeder market adjusting to various factors
Reading Time: 2 minutes Western Canadian feeder markets experienced a mixed volatile tone over the past week. Replacement cattle over 800 lbs. were $3 lower to $8 higher on average, while lighter weight categories traded $10 lower to $10 higher in comparison to week-ago levels. Larger volumes of backgrounded yearling cattle are coming on the market at this time […] Read more
Saputo earnings up with weaker loonie
Reading Time: < 1 minute Reuters — Saputo, one of Canada’s largest dairy producers, reported higher than expected adjusted earnings on Thursday, helped by weakness in the Canadian dollar. For its fiscal third quarter, adjusted net income rose 13.5 per cent to $175.4 million, or 44 cents a share. Revenue during the quarter, which ended Dec. 31, rose 2.8 per […] Read more
Lower loonie helps farmers, but only so much
Reading Time: < 1 minute CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend to more attracted to Canadian grain and wheat when the loonie is low, as they can get more product for their money. However, one market […] Read more
ICE weekly outlook: Canola posts gains as loonie plunges
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts advanced during the week ended Wednesday, on the back of currency action that made the commodity more desirable to international buyers. “This Canadian dollar has really helped out exports to China, Japan, Pakistan and Mexico,” said Wayne Palmer of Agri-Trend Marketing in Winnipeg. The loonie continued to […] Read more
Currency analysts watch for interest rate decision
Reading Time: 1 minute CNS Canada — The likelihood of the Bank of Canada cutting interest rates on Wednesday is already priced into the loonie, according to one analyst — but if the bank instead decides to hold rates steady, the beleaguered currency could move higher. The Canadian dollar was trading around US69 cents (US$1=C$1.45) near midday Tuesday, which […] Read more
ICE weekly outlook: Canola stuck in sideways range
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts posted small losses during the week ended Wednesday, but remained rangebound overall. That sideways activity is expected to continue over the next month or so, as large supplies and increased farmer selling, on the one side, is countered by solid end-user demand and the weaker Canadian dollar. […] Read more
Loonie’s boost for commodity prices likely limited in 2016
Reading Time: 2 minutes CNS Canada — The Canadian dollar has been steadily depreciating through 2015, sinking to an 11-year low relative to its U.S. counterpart as the end of the year creeps closer. Even if the loonie stays weak in 2016, however, two analysts expect the upside potential it brings to agricultural commodity markets has mostly run out. […] Read more
Soybean market outlook
Soybean Guide: When a supply interruption eventually comes, which it will, soybean prices will have to go up to ration demand
Reading Time: 5 minutes Driving through Eastern Canada this summer, you could see the crop everywhere. Fields of soybeans stretched from Windsor, Ont. into Quebec and beyond into New Brunswick and Prince Edward Island. And that’s without even mentioning the West. Soybeans have truly transformed the farm landscape over the last several decades. They have become an integral part […] Read more
A message from April Stewart, Country Guide's Associate Editor
