CNS Canada — Prices for Canadian hogs are enjoying a seasonal bump as consumers prepare for the summer grilling season. In Canada, the Signature No. 5 (Maple Leaf) Index daily price was listed at $179.68 per 100 kg (ckg) on May 26. That price was up $1.11/ckg compared to the week previous, according to data […] Read more
Sizzling hog market waits on new U.S. plants
CBOT weekly outlook: Soybeans in danger of dropping below US$9
CNS Canada –– The Chicago Board of Trade soybean market is increasingly being weighed down as rain-stricken farmers switch out acres intended for corn into oilseeds. The July contract plunged 32.25 cents per bushel during the week ended Wednesday (all figures US$). “You can see the corn has already gained on beans a dime this […] Read more
Farmers wait for fertilizer prices to fall amid oversupply
CNS Canada — As more fertilizer plants are built around the world and U.S. corn acreage shrinks, the typical thinking holds that prices for urea and nitrogen should fall, but that hasn’t been the case so far for Canadian farmers. “They’re more on the steady side,” said Todd Lewis, president of the Agricultural Producers Association […] Read more
ICE weekly outlook: Weather issues, tight stocks lift canola
CNS Canada –– The ICE Futures Canada canola market lost ground during the week ended Wednesday, pushed down by losses in the U.S. soy complex. A corruption scandal in Brazil sparked a steep selloff in soybeans during last Thursday’s session, which affected oilseeds around the world, including canola. Canola’s dominant July contract lost $4 during […] Read more
Production outlook keeps canary seed under pressure
CNS Canada — Excess soil moisture is holding up planting of canary seed in Saskatchewan, though according to one market watcher, the overall production outlook for 2017 is good, leaving prices struggling to rise. “Prices are soft,” said Kevin Hursh, executive director of the Canaryseed Development Commission of Saskatchewan. Prices remain locked in the 19- […] Read more
Prairie feed wheat, barley at seasonal highs
CNS Canada –– Feed barley and feed wheat appear to be settling into some seasonal highs, according to a market-watcher in Alberta. “Whether it goes up much more remains to be seen,” said Jim Beusekom of Market Place Commodities in Lethbridge. “Between Easter and May long weekend, we’re probably at a high.” High vomitoxin (10 […] Read more
CBOT weekly outlook: Corn, soybeans poised for move upward
CNS Canada — Wet weather across much of the Midwest could be throwing a monkey wrench into the plans of U.S. corn farmers, according to a market-watcher. Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Illinois, says much of the U.S. corn crop still has to go into the ground while some crops need […] Read more
ICE weekly outlook: Canola waits for stocks report
CNS Canada — ICE Futures Canada canola contracts continue to chop around in the lead-up to the release of a major report. Statistics Canada is due to release its estimates for the country’s canola stocks (as of March 31) on Friday. The dominant July contract eked out a minor gain of $1.30 per tonne during […] Read more
Canadian producers to plant record canola crop, boost soybean acres
CNS Canada – Canadian oilseed acreage is set to boom according to the latest acreage estimates from Statistics Canada. Today, the agency released its Principal Fields Crops Acreage Summary for 2017/18 on April 21. It pegged canola acreage at a record 22.387 million acres, a jump of 2.02 million acres over last year. “It’s no surprise […] Read more
CBOT weekly outlook: Corn, soy tied to technicals amid large supplies
CNS Canada –– Corn and soybean markets look to be rangebound over the next three weeks as U.S. farmers try to get their crops planted, according to a market-watcher. “We’re slightly behind but that can be made up quickly with the equipment we have,” said Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Illinois. […] Read more
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