Commodity News Service Canada – Brazil could be on pace to export as much as 31 million to 34 million tonnes of corn by the end of the 2015/16 marketing year, according to Pedro Dejneka, the executive director of AgResource’s Latin America division, speaking at the Cereals North America conference in Winnipeg on November 3. […] Read more

Large Brazilian corn exports to continue
World farmers reap benefits of strong U.S. dollar
Winnipeg/Commodity News Service Canada – The effects of a strong U.S. dollar and resulting weaker domestic currencies are improving the bottom line for farmers in many parts of the world, according to a speaker at the Cereals of North America conference in Winnipeg, Nov. 3. Pedro Dejneka, the executive director of Ag Resource’s Latin America […] Read more

Alta. feed prices hang steady despite swings in quality
CNS Canada –– As harvest winds to a close across the Prairies, some feedlot operators say they’ve noticed more feed barley and feed wheat out there than they initially thought. The quality of the feed varies greatly, with some second-cut wheat being accepted as high-quality with reasonable protein, while other loads arrive with sprouting, bleaching […] Read more

Hay prices stabilize in Sask., Man.
CNS Canada –– Timely rains have drastically improved the forage crop outlooks for Saskatchewan and Manitoba, while also putting prices back into their normal ranges. “Skyrocketing hay prices have stabilized… supplies are good,” said Terry Kowalchuk, a provincial forage crop specialist in Regina. Prices are mostly back down into the $80-$100 per tonne range, he […] Read more

ICE weekly outlook: Canola can’t crack resistance
CNS Canada — ICE Futures Canada canola futures ended slightly higher for the week ended Wednesday. All of the contracts eked out minor gains, but it was largely seen as a frustrating session for the near-term November contract, which again failed to settle above its technical resistance point of $480 per tonne. Funds largely pushed […] Read more

W. Prairies to see drier weather, but drydown will be tough
CNS Canada — Parts of the western Prairies that have been bogged down by wet, cool weather should see drier conditions as the month rolls along, according to a weather expert. However, that still doesn’t mean wet crops are going to dry out anytime soon, according to Drew Lerner of World Weather Inc. in Kansas […] Read more

Slowdown in sales softens fertilizer market
CNS Canada — A lack of buying throughout North and South America has put fertilizer prices under pressure, but so far, no one is lining up to capitalize on the weakness, according to an industry watcher. “Farmers aren’t in the mood to buy fall fertilizer. I think they’re more uncertain this year than they normally […] Read more

Oat prices remain under pressure
CNS Canada –– Oat prices continue having trouble breaking through key resistance figures as harvest winds down across the Prairies. “They’re (prices) below what farmers like… having trouble breaking that $3 a bushel level in Manitoba and $2.50 in Saskatchewan,” said Ryan McKnight of Linear Grain at Carman, Man. So far, he said, very few […] Read more

Western Canadian wheat bids stay rangebound
CNS Canada — Cash wheat bids across Western Canada stayed mainly rangebound during the week ended Monday. Average Canada Western Red Spring (CWRS) wheat prices were up by C$1 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points. Bids ranged from $228 per tonne in Manitoba to […] Read more

StatsCan comes in at low end of expectations for canola
CNS Canada — Despite an upward revision of nearly a million tonnes in Statistics Canada’s latest report, most analysts expect canola production will keep climbing further. StatsCan on Friday morning released its updated grain/oilseed production estimates, with data collected through surveys taken between Sept. 3 and 13. Canola production numbers came in at 14.3 million […] Read more