CNS Canada — As the last remaining days of harvest tick down, farmers are beginning to look for rallies to sell into, according to an analyst in the market. “The farmer continues to struggle out there, but seems content to sell into the rallies. I don’t think they’re selling into the breaks,” said Keith Ferley […] Read more
ICE weekly outlook: Farmers look for rallies
Plentiful feed supplies weigh on feed barley prices
CNS Canada — A steady stream of fusarium-damaged wheat is flooding Alberta feedlots these days, giving ranchers a variety of choices on what they can give to their animals — but also keeping feed barley prices in check. “That has definitely been heavy on the barley,” said Allan Pirness of Marketplace Commodities in Lethbridge. That […] Read more
Prairies’ harvest window starting to close
CNS Canada — The dry, balmy weather that gave farmers in Western Canada the chance to get the remainder of this year’s crop off appears to be winding down. “There is a little disturbance in Alberta coming across to northern Saskatchewan over the next two days; it will start tonight,” said Drew Lerner of World […] Read more
Record U.S. hog slaughter puts pressure on Canadian pork prices
CNSC/Winnipeg – A record week for U.S. slaughterhouses is weighing on hog prices in Canada. According to the USDA, hogs slaughtered under federal inspection for the week ended November 5 were pegged at 2.532 million head, which is an all-time record. That number is also up 7.2 per cent from the 2.362 million head processed a […] Read more
Mustard prices hang tough despite wet weather
CNS Canada — Cold, wet weather that has downgraded the quality of some of Canada’s staple crops isn’t having the same effect on mustard, according to two experts on the specialty crop. While much of this year’s harvest is already over, a significant number of acres remains in Saskatchewan and Alberta, said Walter Dyck of […] Read more
ICE weekly outlook: Canola watches weather amid uptick in price
CNS Canada –– Canola futures burst through the psychologically-important $500 per tonne mark during the week ended Wednesday, but now face a critical juncture as weather and time will dictate how much of the remaining crop farmers can get off before winter. “Harvest prospects don’t look that great right now as it doesn’t dry up […] Read more
High-quality forages tougher to find this year
CNS Canada — There seems to be no shortage of forages in Western Canada this year, as wet weather has allowed grasses to keep progressing at a steady rate. Finding high-quality hay could be the challenge, however, according to crop watchers in Saskatchewan and Manitoba. “It’s been tough for guys to put four to five […] Read more
CBOT weekly outlook: Corn, soybeans look overpriced
CNS Canada –– Corn futures on the Chicago Board of Trade appear poised to fall lower in the days to come, after a surprising week in which values jumped around 18 cents per bushel. “Price-wise, if you look at the charts, we are high up on some ranges, too high for the moment,” said Brian […] Read more
OPEC announcement could boost ag markets, maybe
CNS Canada — The bearish malaise that has gripped the North American agricultural market shows no sign of breaking soon, and it could take a major disruption, say such as a hike in oil prices, to lead the way higher, according to some industry watchers. “Let’s say we go to US$55 (per barrel). That would […] Read more
ICE weekly outlook: Canola treads water looking for direction
CNS Canada — ICE Futures Canada canola contracts continue to chop around in a narrow range these days, as the trade waits for the market to break one way or another. Canada and China recently agreed on rules over dockage that will see shipments of canola accepted at Chinese ports as long as they don’t […] Read more
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