CNS Canada –– Excess moisture across broad swaths of the the U.S. Midwest and southern Plains has dampened the outlook for U.S. corn and soybean crops in the near future. Both crops finished higher on the Chicago Board of Trade (CBOT) to cap off the week ended Wednesday; however, the current outlook is dim, according […] Read more
CBOT weekly outlook: Weather issues dominate corn, soy in short term
Prairies’ forage a tale of mixed moisture levels
CNS Canada — Forage crops in Saskatchewan and Alberta are badly in need of rain, while alfalfa is already being cut in Manitoba, a testament to the difference in moisture levels across Western Canada. The majority of the snow in Alberta was gone by the end of March, according to the chairwoman of the Alberta […] Read more
ICE weekly outlook: Canola mixed after wild week
CNS Canada — ICE Futures Canada canola contracts ended narrowly mixed for the week ended Wednesday, but not before shooting above the $500 per tonne mark amid concerns over persistent dryness across a large portion of Western Canada. “If we don’t get those rains or if they’re disappointing then I think this thing is going […] Read more
Lethbridge feed barley feels slight lift from canola
CNS Canada — It seems the recent surge in canola has carried over to the feed barley market near Lethbridge. A weekend frost and other issues saw canola futures jump sharply in recent days, and according to trader Jim Beusekom at Market Place Commodities near Lethbridge, that rally has given strength to the feed barley […] Read more
Frost damage to Prairie mustard still to be determined
CNS Canada –– The president of the Saskatchewan Mustard Development Commission says he’s optimistic this year’s mustard crop will be OK after temperatures dipped below freezing over the weekend. In an interview Monday, Richard Marleau said it will take another four to five days before anyone knows for sure. In southwestern Saskatchewan, “it was 0 […] Read more
Dry Prairies await timely rains
CNS Canada — Mounting dryness concerns in parts of Alberta and Saskatchewan are raising some concerns over crop development on the Prairies — but timely rains are in the forecast for early June. “The entire southern Prairie region hasn’t received normal rainfall for the last month to two months,” said Trevor Hadwen, an agro-climate specialist […] Read more
Warmth seen as welcome relief for Manitoba forages
CNS Canada –– A recent wave of warm temperatures is just what’s needed to boost the development of forage crops in Manitoba, which have been slowed due to recent weather, according to two industry experts. “Just within the past week plants are starting to develop, we’re hoping that with the heat they’re forecasting, the crops […] Read more
ICE weekly outlook: Canola bias points higher
CNS Canada –– ICE Futures Canada canola contracts stayed mostly rangebound during the week ended Wednesday, before finishing $4 per tonne higher. “Funds are putting a long position on,” said Wayne Palmer of Agri-Trend Marketing in Winnipeg. The most-frequently-traded July contract tested the $460 per tonne mark before backing off at the end of the […] Read more
Diesel prices seen staying low until July
CNS Canada –– The price of diesel has fallen to the same level as gasoline across Western Canada, but a Chicago-based analyst doesn’t expect it to stay that way for too long. “Probably after the Fourth of July, late July and August the prices may start to edge up,” said Phil Flynn, energy market analyst […] Read more
Spread between pork, beef prices seen narrowing
CNS Canada — Pork prices in Canada are narrowing the gap with beef prices — but the spread between the two meats remains well above the historical average. “Beef values (cutout) have actually come down a little bit, whereas pork and poultry (cutout) values have actually gone up,” said Brad Marceniuk, a provincial livestock economist […] Read more
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