CNS Canada — Agricultural markets throughout North America continue to weather a storm of tariffs and uncertain political interventions — and from where one trader sits, prices for corn and soybeans may have seen their low points. “We have gotten back down to recent lows in corn while beans have gotten cheap again,” said Brian […] Read more
Corn, soybeans may have seen low point for now
ICE weekly outlook: Canola to face pressure from northbound U.S. soy
CNS Canada — As Friday’s deadline nears for Chinese tariffs to be imposed on imports of U.S. soybeans, so too does the idea that eastern crushers could soon be bringing those unwanted beans into Canada. “Soybeans have become so cheap we’re going to find them leaking across the border, especially into Ontario,” said Mike Jubinville […] Read more
Canola prices vulnerable after StatsCan report
CNS Canada — The latest acreage report from Statistics Canada failed to surprise most investors in the market, but still could leave canola futures looking overpriced, according to a trader. “It certainly is a negative number,” said Ken Ball of PI Financial in Winnipeg, referring to the agency’s estimate for canola. StatsCan’s report on Friday […] Read more
CBOT weekly outlook: Soybeans should benefit as China lifts tariffs
CNS Canada — The $9 a bushel mark seems like a distant memory for soybeans as import tariffs between China and the U.S. continue to sap buying interest in the crop. China buys roughly 60 per cent of the United States’ annual soy exports — and there’s no telling when or how that shortfall will […] Read more
ICE weekly outlook: Canola seeks rain amid market turmoil
CNS Canada — The ICE Futures Canada canola market faces a slew of uncertainty as political turmoil in international trade markets and a looming report from Statistics Canada keeps traders guessing where the market is headed. “The craziness of the White House is the main focus. How will it affect the markets?” said Keith Ferley […] Read more
CBOT weekly outlook: Corn, soybeans try to halt slide
CNS Canada — The future looks hot and dusty for corn and soybeans in the U.S. Midwest and central Plains over the next week or so. While crops in the U.S. are generally off to a good start so far this year, the heat could still bring some much-needed support to both commodities. The July […] Read more
Feed weekly outlook: Barley prices feeling some pressure
CNS Canada — Prices for feed barley remain solid in Western Canada but demand could be lessening somewhat as the summer unfolds. “Buyers seem to have decent coverage going into later summer,” said Jared Seitz of Agfinity at Stony Plain, Alta. “So their pricing is starting to pull back.” Prices for feed wheat and barley […] Read more
ICE weekly outlook: Canola braces for turbulence
CNS Canada — The ICE Futures Canada canola market could go on a choppy ride this summer as weather challenges and the topsy-turvy world of international trade battles threaten to fill the next few months with volatility. “Particularly in the summer months, Trump issues and weather issues will be the primary drivers; both are hard […] Read more
Flea beetles take advantage of late seeding
CNS Canada — A heat wave in late May and a slow start to the planting season have created some ideal conditions for flea beetles. Pest specialists in Saskatchewan and Manitoba say farmers have already begun to spray for the beetle in certain locations. “They’ve been getting good conditions to feed under, they like it […] Read more
Bison prices rise with market access
CNS Canada — Prices for Canadian bison are slowly gaining ground as the industry continues to try and expand its global footprint. While the U.S. remains Canada’s largest export market, efforts have been made to increase access to Mexico, Europe and some parts of Asia. Last year, roughly 11,500 animals were slaughtered domestically while 17,600 […] Read more
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