CNS Canada — All eyes in the agricultural commodity world are focused on the release of the U.S. Department of Agriculture’s next World Agriculture Supply and Demand Estimates report due out Thursday. However, unless there’s a major surprise contained within the report, it’s hard to see the bias pointed higher for soybeans, according to an […] Read more
CBOT weekly outlook: Soybeans facing bearish headwinds
ICE weekly outlook: Canola rises amid biofuel uncertainty
CNS Canada — ICE Futures Canada canola contracts recorded substantial gains during the week ended Wednesday, on speculation the Trump administration would alter biofuel regulations in the U.S., which sparked a flurry of buying. So far the specifics of any changes have yet to be announced, but already some in the industry believe the U.S. […] Read more
Delayed planting on Prairies could reduce corn acres
CNS Canada — Record yields for Manitoba corn last year have raised the attractiveness of the commodity for many growers. However, the chances for a delayed spring this year could dampen that enthusiasm, according to one industry watcher. “If we get into a delayed planting situation we may see producers switch their corn acres into […] Read more
CBOT weekly outlook: December corn seen as bellwether
CNS Canada — As traders wait for the U.S. Department of Agriculture to put out fresh acreage estimates for corn and soybeans this week some eyes have already shifted to the behaviour of certain deferred contracts in the market. “If the December (corn) contract broke above US$4 (a bushel) it would be a catalyst,” said […] Read more
Canary seed market watches peso ahead of planting
CNS Canada — It’s not a stellar time for canary seed prices but the situation could improve, depending on acreage this spring and what the Mexico peso does in 2017. “Prices are not showing a whole lot of strength,” said Kevin Hursh, executive director of the Canaryseed Development Commission of Saskatchewan. “We’re probably in that […] Read more
CBOT weekly outlook: Argentine flood fears underpin corn, soy
CNS Canada — Weather concerns in South America continue to dominate the attention of many traders, despite the fact growing conditions for corn and soybeans have generally been favourable in Brazil over the past week. “It’s been good in Brazil but Argentina has had issues with flooding,” said Ted Seifried of Zaner Group in Chicago. […] Read more
Sunflowers fight for acres in crowded Manitoba fields
CNS Canada — Better prices have created some optimism for sunflower growers in Western Canada — a feeling that may be needed to help the crop maintain acres in the face of so much competition. “I think in Manitoba we’re going to be battling for acres compared to some of those competitive crops,” said Darcelle […] Read more
ICE weekly outlook: Canola holds firm before USDA report
CNS Canada — ICE Futures Canada canola contracts made steady gains during the week ended Wednesday, as traders positioned themselves ahead of Thursday’s release of the U.S. Department of Agriculture’s next supply and demand report. “We’ve had a bit of a run over the past week and a bit; we popped off some oversold levels,” […] Read more
Hog market improving with solid exports
CNS Canada — Strong U.S. exports and declining cold-storage numbers have helped push hog prices on Canada’s Prairies to better levels than a few months back. According to the latest information compiled by Saskatchewan Agriculture, the U.S. exported 173,770 tonnes of pork in November 2016, up 13.5 per cent from 153,051 in October 2016, and […] Read more
Feed wheat, barley surplus could last until summer
CNS Canada — Supplies of feed wheat and barley in Western Canada continue to compete for a home in Lethbridge’s feedlot alley. For the past few months markets have been grinding lower due to the large volumes of low-quality feed and other grains that are being unloaded by farmers. At least one industry expert believes […] Read more
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