Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded within $5 on either side of unchanged. Strength was noted in the major feeding regions of Alberta while subdued buying interest was noted in other regions of the Prairies. Major operations focused on local cattle, especially in southern Alberta. Feature sales attracted larger crowds which enhanced […] Read more
Klassen: Feeder market reflects vulnerability
U.S. grains: Corn, soy rise on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Friday as traders covered short positions ahead of a long holiday weekend, but both commodities posted monthly declines as prospects for large U.S. harvests weighed on prices. Wheat climbed on technical buying, along with worries about tightening global supplies. Chicago Board of Trade December […] Read more
CBOT weekly outlook: Corn, soy, wheat markets stabilizing
Reading Time: 2 minutes CNS Canada –– Corn, soybean and wheat markets at the Chicago Board of Trade are starting to stabilize after a wild week. “Obviously we’ve been down a little bit here this week. We’re recovering some here today, the wheat’s doing the biggest recovery of all,” said Jack Scoville of Price Futures Group in Chicago. Markets […] Read more
Questions remain over heat’s impact on 2018 yields
Reading Time: 2 minutes CNS Canada — Harvest came early for some crops in Western Canada this year. A few canola crops in Manitoba are already in the bin as warm temperatures and a lack of rain helped growers hit the fields quicker than other years. However, a hot and mostly dry summer on the Prairies has left many […] Read more
ICE weekly outlook: Canola set to chop around bottom end of long-term range
Reading Time: 2 minutes CNS Canada — Contracts on the ICE Futures canola market are bracing for turbulence in coming days as trade negotiations between Canada and the U.S. and a looming production report from Statistics Canada take centre stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send canola […] Read more
Prairies’ dry weather may stem U.S. cattle stampede north
Reading Time: 2 minutes Winnipeg | Reuters — Parched pastures and crops in Western Canada are driving up cattle-feeding costs, and farmers and analysts expect the changing economics to stem a recent stampede of U.S. cattle being brought over the border. Canada imported 65,035 head of cattle from the U.S. from January through June, nearly double the pace of […] Read more
Tariff relief for Canada’s farmers at issue in Quebec election
Reading Time: 2 minutes Montreal |Reuters – Quebec farmers want further relief from a global tariff dispute ahead of Oct. 1 elections in the mostly French-speaking Canadian province, which has seen a recent rise in nationalist sentiment. Quebec’s ruling Liberals, centrists but separate from the federal Liberal party, launched their campaign on Thursday. They trail in polls behind the center-right Coalition Avenir Quebec […] Read more
Canadian merchandise exports reach all-time high
Reading Time: < 1 minute CNS Canada – Exports of Canadian merchandise reached an all-time high of C$50.699 billion in June of this year with exports of farm, fishing and intermediate food products making up $C2.981 billion of that. Statistics Canada reported on Aug. 7 that farm, fishing and intermediate food product exports rose 7.6 per cent year over year, […] Read more
Foreign control in Canadian ag sector still relatively low
Reading Time: < 1 minute CNS Canada – The percentage of foreign control, as a percentage of total assets, in the Canadian agriculture, forestry, fishing and hunting sector was 1.6 per cent in 2016, according to data recently released by Statistics Canada. While that’s up from 1.1 per cent in 2012, it compares with foreign control in all industries (excluding […] Read more
Pulse prices feel pressure from rising ending stocks
Reading Time: 2 minutes CNS Canada – Increasing pulse ending stocks are going to continue to play into pulse crop prices in Canada, according to the latest update from Farm Credit Canada’s (FCC) ag economics team. “We’re still expected to see ending stocks increasing. So as we continue to see that ending stocks increase, that stock-to-use-ratio that we’d see […] Read more
A message from April Stewart, Country Guide's Associate Editor
