Rising corn prices in the United States could provide support for feed grains in Western Canada, although the current price spread remains conducive for imports of U.S. corn into Canadian feed channels.
Tag Archives markets — page 9
Prairie feed grains market watching U.S. corn
Klassen: Canadian feeder markets trades premium to U.S. values
For the week ending October 19, Western Canadian yearling markets traded $3 to $5 on either side of unchanged compared to seven days earlier. Calf prices were $5 to as much as $10 higher. Strength in the deferred live cattle futures along with the weaker Canadian dollar has resulted in positive margins on incoming calves. Therefore, the calf market has developed a floor price.
Fund short position in canola dips for fourth week
The net fund short position in canola declined for the fourth week in a row in mid-October, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Nature positive messaging highlights sustainability of wool
Australian wool company launches campaign about positive benefits of growing wool
The wool industry has been so focused on carbon that it missed opportunities to highlight the positive benefits of growing wool and raising sheep on the landscape and the intrinsic value of natural fibres.
Pulse weekly: Lentil market watching India dispute
An ongoing dispute between Canada and India involving the assassination of a Sikh man on Canadian soil has Canada's lentil market fearing that one of its largest trading partners may shut its doors to the pulse.
Klassen: Calf market ratchets higher
For the week ending October 12, the Western Canadian prices for yearlings off grass and backgrounding operations were relatively unchanged from seven days earlier. The Lethbridge market for calves was up $8-$10 from week-ago levels while calf markets in the non-major feeding regions were up a solid $4-$6 on average.
ICE canola weekly outlook: Rising market hits resistance
The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.
Klassen: Feeder markets experience stronger demand
For the week ending October 5, Western Canadian prices for grass yearlings were steady to as much as $10 higher while values for backgrounded yearlings were relatively unchanged. Calf markets were quite variable with preconditioned 650-800 pound calves trading $4-$8 above week-ago levels. Prices for non-weaned bawlers were relatively unchanged.
U.S. Grains: Soybeans ease on South American rain outlook; grain higher
Soybean futures eased on Monday on forecasts for rain in dry areas of top exporter Brazil and Argentina and on rising United States supplies as clear Midwest weather boosted harvesting.
Second day of CAPI conference tackles ESG
ESG will be key to sustainability reporting in coming years
Day two of the Canadian Agri-Food Policy Institute (CAPI) Canadian Agri-Food in a Sustainable World conference in Ottawa focused on environment, social and governance (ESG) requirements. Panels covered ESG and the changing Canadian ag landscape from national and global perspectives.
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