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Klassen: Healthy margins drive feeder complex

Western Canadian feeder cattle markets traded steady to $5 higher compared to week-ago levels. Buyers were quite meticulous on flesh levels and quality features in the heavier weight categories; however, feedlot operators were definitely more aggressive this week. Major operations have liquidated a fair amount of fed cattle and these players are anxious to reload […] Read more

Canadian dollar and business outlook

By Commodity News Service Canada WINNIPEG, February 28 – The Canadian dollar was weaker against its US counterpart in early activity on Tuesday, pressured by losses in the crude oil market. Crude oil futures declined as heavy US production weighed on the market. At 9:25 CST Tuesday, the Canadian dollar was at US$0.7569 or US$=C$1.3212, […] Read more


Global markets: Canadian industrial prices rise

By Commodity News Service Canada WINNIPEG, February 28 – The following is a glance at the news moving markets globally. – Canada’s Industrial Product Price Index (IPPI) rose 0.4 per cent in January, mainly due to higher prices for energy and petroleum products. The Raw Materials Price Index (RMPI) increased 1.7 per cent, led by […] Read more

ICE Canola Corrects Sharply Higher

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 28 (CNS Canada) – ICE Canada canola contracts were posting solid gains Tuesday morning, correcting off of the one-month lows hit Monday as a rally in Chicago Board of Trade soyoil provided support. Month-end positioning was a feature, as speculators returned to the buy side and […] Read more



cattle

U.S. livestock: CME live cattle futures score 10-month high

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures reached their highest since late April 2016, driven by short-covering amid brisk wholesale beef demand, said traders. They said speculators bought deferred cattle contracts after Friday’s U.S. Department of Agriculture monthly Cattle on Feed report proved less bearish than some had anticipated. February live cattle, […] Read more


Canadian Financial Close: Loonie dips ahead of BoC meeting

By Commodity News Service Canada WINNIPEG, February 27 – The Canadian dollar finished weaker on Monday ahead of a key announcement by the Bank of Canada. On Wednesday, the BoC will be addressing the thorny question of whether to adjust Canada’s interest rate. Losses in silver and natural gas contributed to the bearish tone. The […] Read more

Pulses: Crimson lentils soften

By Dave Sims, Commodity News Service Canada Winnipeg, February 27 – Crimson lentils dropped by one cent over the weekend, according to the Prairie Ag Hotwire. Crimson number one varieties fell to a range of 23 to 25 cents per pound. Prices for green peas in Western Canada are holding steady at C$7.80-$9.00 per pound. […] Read more


Feed Grains: IGC forecasts smaller world corn crop

By Commodity News Service Canada WINNIPEG, Feb. 27 (CNS Canada) – World corn production is expected to be down in 2017/18 due to a decline in seeded acres, according to a report from the International Grains Council. In its first forecast for the new crop year, the IGC pegged world corn production at 1.023 billion […] Read more

North American Grains/Oilseed Review: Canola Dips, Watching Support Levels Closely

By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Feb 27 – THE ICE Futures Canada canola market suffered modest losses Monday, as weakness in vegetable oil markets pointed the way downward. Losses in Chicago Board of Trade soybeans were also bearish for the market. A Winnipeg-based analyst pegs major floor-support for the […] Read more