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Prairie cash wheat: Bids mixed, reacting to futures and loonie

MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by support from a weakening Canadian dollar. The currency lost roughly a full cent during the week. Average Canada Western Red Spring (13.5 per cent protein) wheat prices were steady to down $2 […] Read more

Little variation seen in global grain supply and demand data

MarketsFarm — Few significant changes appear in the latest monthly supply and demand report from the International Grains Council (IGC), which released its estimates Thursday. The IGC slightly nudged its estimate of total world grain production from its August estimate of 2.23 billion to September’s 2.227 billion tonnes. The September forecast is 2.1 per cent […] Read more

AAFC lowers wheat carryout estimate, raises canola

MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada call for tighter wheat carryout for the 2020-21 crop year than previous forecast — and more canola. Tursday’s report provides the first adjusted balance sheet estimates from the government agency that account for the latest production numbers from Statistics Canada released earlier in […] Read more

Canada not benefiting from CETA, Bibeau says

Ex-premiers write to Ottawa with critique of EU's continued trade barriers

Canada is not benefiting from the Comprehensive Economic and Trade Agreement (CETA) with the European Union (EU), federal Agriculture Minister Marie-Claude Bibeau grants. Expected to spur $1.5 billion in new agri-food exports, the free trade deal has fallen short of those targets since its implementation in 2017. In a letter Monday to Prime Minister Justin […] Read more

Canadian Financial Close: C$ ends week on soft note

By MarketsFarm WINNIPEG, Sept. 25 (MarketsFarm) – The Canadian dollar was weaker on Friday, hitting its lowest levels in seven weeks relative to its United States counterpart amid heightened concerns over a second wave of COVID-19. The Canadian dollar closed at US$0.7465 or US$1=C$1.3396, which compares with Thursday’s North American close of US$0.7477 or US$1=C$1.3374. […] Read more

North American Grain/Oilseed Review

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday, after four conservatives days of losses. Canola found support from a stronger tone in comparable vegetable oils. Nearby Chicago soyoil contracts were up by about half of a cent after week of considerable losses. The loonie […] Read more

ICE Canola Midday: Prices show strength midday Friday

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 25 (MarketsFarm) – ICE Futures canola contracts were higher at midday Friday, after considerable losses throughout the week. Strength in comparable vegetable oils propped up prices, with nearby contracts posting half-cent gains at midday. European rapeseed was also stronger, while Malaysian palm oil showed losses. Harvest activity across the […] Read more