CNS Canada — The International Year of the Pulses is certainly living up to its name, as territories capable of growing them look to cash in on India’s insatiable demand for supplies. However, it seems not all pulses are created equal, as lentils appear to be the main driver, with peas coming in second. “It […] Read more
Saskatchewan lentil acres seen rising
Manitoba soybean acreage looks to inch upward
CNS Canada — U.S. farmers may be seeding fewer soybean acres this spring but expectations for the crop remain relatively steady north of the border, according to Francois Labelle, executive director of Manitoba Pulse and Soybean Growers. “Our first indications are that acreage will be the same as last year to up a little bit,” […] Read more
ICE weekly outlook: Canola watching USDA report
CNS Canada — ICE Futures Canada canola contracts advanced during the week ended Wednesday, as weakness in the Canadian dollar and solid support from vegetable oil pushed prices higher. The front-month May contract started the period below technical resistance but soon climbed above $470 per tonne and at one point appeared ready to test the […] Read more
Other Manitoba pulses may eat edible beans’ lunch
CNS Canada –– As insatiable demand for lentils, peas and other major pulses grows louder, so do expectations for more pulses to be planted in Manitoba. When it comes to edible beans, however, acreage is expected to go down slightly, not up. “We’re probably going to be around the 110,000-acre range — a bit down […] Read more
Diesel prices seen staying lower
CNS Canada –– Diesel prices in Canada are expected to stay relatively cheap this spring despite some recent strength in the crude oil market. In a normal cycle, diesel prices would usually be on the move right now, but they have been mired at their current level for the last few months, according to Tom […] Read more
Corn acres seen rising in Manitoba
CNS Canada — Corn prices in Manitoba may not be setting any records these days but they’re still likely high enough to spur an increase in the amount of corn planted this year, according to an industry watcher. “I would not all be surprised to see a 20 per cent increase. The value of corn […] Read more
ICE weekly outlook: Canola to keep support going forward
CNS Canada — The ICE Futures Canada canola market rose over the week ended Wednesday. A lack of farmer selling combined with currency issues and action in the soy market to give the market a boost. One trader said the declining open interest caused him to think funds were also liquidating some of their long […] Read more
Farm groups rail against revenue cap proposal
CNS Canada –– A key proposal in the recently released Canada Transportation Act review on Canada’s transport systems is getting thumbs down from several Prairie farm groups. The Agricultural Producers Association of Saskatchewan (APAS) disagrees with the report’s recommendation for a seven-year phase-out of the maximum revenue entitlement (MRE), an annual upper limit on the […] Read more
ICE weekly outlook: Canola drops amid widespread pressure
CNS Canada — ICE Futures Canada canola contracts suffered significant losses during a volatile week ended Wednesday. While futures managed to recover off their fresh contract lows hit during the week, the overall technical bias remained pointed lower. Weakness in the U.S. soy complex and vegetable oil market were joined by strength in the Canadian […] Read more
Pork market looks to improve by spring
CNS Canada — Canadian pork prices are feeling a modest bump upward as healthy U.S. exports clean up some excess North American pork supplies. Canadian slaughter-weight prices hit their lows in November and December — and since then, they have increased about 30 per cent, according to Brad Marceniuk, a livestock economist for Saskatchewan’s agriculture […] Read more
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