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Canola crush margins tightest in years

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tagged canadian grain commission canola crush margin crushers domestic usage ICE Futures processing
CNS Canada -- Canola crush margins have fallen to some of their lowest levels in more than a decade, which should keep a lid on any upside in prices. As of Thursday, the canola board crush margin calculated by ICE Futures U.S. was only about $26 above the November contract, which compares with levels a month ago of roughly $38 (all figures C$). At this time a year ago, the nearby crush margin was around $70 above the futures. "It hasn't been this low since the early 2000s," a…
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Trucker shortage troublesome for Prairie cattle industry

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tagged auction marts cattle drivers livestock long-haul regulations shipping shortage training truckers trucking
CNS Canada -- As large volumes of cattle make their way to western Canadian auction marts this fall, buyers are having problems finding truckers to haul them. Those problems may get worse in the future, as federal regulations for cattle hauling could possibly change. “I would say it's worse this year than other years so far, and this is early. We don't normally run into this problem this quick,” said Rick Wright of Heartland Order Buying Co. at Virden, Man. The trucker…
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U.S. grains: Wheat rebounds on bargain buying, corn follows

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tagged cbot China closing markets corn futures exports soybean futures tariffs Tunisia wheat futures
Chicago | Reuters -- U.S. wheat futures jumped three per cent on Friday, rebounding from an eight-week low on a round of technical buying and short-covering ahead of the weekend, traders said. The gains in wheat pulled corn futures slightly higher but expectations for a bumper U.S. harvest stifled rally attempts. Soybeans closed lower on fresh concerns about the trade fight with China limiting exports of what the U.S. Agriculture Department has forecast to be a record…
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U.S. livestock: Live cattle rally to six-month high on strong demand

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tagged beef cattle futures closing markets CME feeder cattle hog futures lean hog live cattle
Chicago | Reuters -- U.S. live cattle futures ended sharply higher to limit up on Friday on in a short-covering and technical buying rally to six-month peaks fueled by strong demand for beef and expectations for higher cash market prices this week. Cattle traders are still waiting for more widespread cash deals to develop at U.S. Plains feedlot cattle markets this week, with expectations for prices to be above the $108/cwt average prices a week ago (all figures US$). Cattle have…
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‘Buyer beware’ on Canada’s cheese concessions, EU exporters say

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tagged Canada CETA cheese cheesemakers European Union exporters free trade imports NAFTA quota Zanetti
Toronto/Brussels | Reuters -- A trade deal meant to give European cheesemakers more access to the Canadian market is falling short of its promise in its first full year, government data show, frustrating the European industry, which blames a year-old Ottawa quota system. Under the Comprehensive Economic and Trade Agreement (CETA) with the European Union, Canada agreed to more than double tariff-free imports of cheese over five years, starting in September 2017. The new imports will…
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Trudeau says good NAFTA deal wanted soon, hazy on deadline

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tagged dairy deadline free trade Mexico NAFTA Trudeau Trump
Saskatoon | Reuters -- Canadian Prime Minister Justin Trudeau said Thursday he wanted a good NAFTA deal as soon as possible, but did not answer directly when asked if he agreed with Washington that the end of September was the final deadline for talks. Canada and the U.S. are struggling to settle differences over access to the Canadian dairy market and how to resolve trade disputes. The U.S. has already struck a side deal with Mexico, the third member of the North American Free…
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Feed weekly outlook: Downgrades likely for Alberta crops

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tagged alberta feed barley feed grain feed wheat frost frozen canola Peace region snow wet weather wheat
CNS Canada -- Snow and wet weather through a large swath of northern and central Alberta are causing havoc for farmers and will likely put more feed grains into the market. But normal harvest price discounts are still not as great as expected, said Susanne Leclerc of Market Master Ltd. in Edmonton. Feed grain prices have declined somewhat, she said, but not as much as what is normally seen this time of year, when new-crop harvest generally drives down prices. Usually, she said,…
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U.S. livestock: Live cattle end mixed

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tagged cattle futures closing markets CME feed feeder cattle hog futures lean hog live cattle swine fever tariffs
Chicago | Reuters -- U.S. live cattle futures ended mixed on Thursday as nearby contracts were anchored by their premium to cash market prices while deferred months firmed to contract highs on a strong demand outlook, traders said. Feeder cattle futures followed deferred live cattle contracts higher, along with continued support from a slumping corn market as the feed grain fell to contract lows on Thursday. Traders are monitoring the latest developments on possible trade…
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Prairie harvest window possible next week

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tagged alberta El Nino harvest manitoba moisture precipitation rainfall saskatchewan snow temperatures
CNS Canada -- Cold and wet conditions on the Prairies are expected to clear up over the next week, allowing a window of opportunity for harvest, though the size of that window remains to be seen. "Western and northern parts of Alberta have some serious issues," said Drew Lerner of World Weather Inc. in Kansas City. "It's been raining a lot, they haven't done much, and now they have snow on the ground." He said it was now at the tail end of the wetter weather, with a drier bias…
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U.S. grains: Wheat, corn, soy fall as harvest expectations rise

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tagged cbot China closing markets corn futures Russia soybean futures tariffs Trump USDA wheat futures
Chicago | Reuters -- Chicago Board of Trade soybean futures eased on Thursday, giving up early gains after U.S. President Donald Trump said the United States was under no pressure to make a trade deal with China, the biggest buyer of the oilseed. Wheat futures, which fell for the seventh time in the last eight sessions, faced pressure from the U.S. Agriculture Department's bigger-than-expected estimate of the Russian crop. Concerns that dry conditions in the Black Sea region…
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