CNS Canada — Diesel costs in Western Canada are roughly eight to 10 cents higher on average than anytime in 2017, and an industry expert warns that gap could grow even more with a potential surge of U.S. construction. “I think we’re already seeing more evidence of a robust, consumption-driven U.S. as more disposable income […] Read more
Rising diesel could surge with U.S. infrastructure plan
Pork exports key in 2018 as U.S. slaughter ramps up
CNS Canada –– Canadian pork producers should see higher returns for their product in the spring of 2018, but whether those prices last may determine how successful Canada is at tapping new markets. According to U.S. Department of Agriculture supply estimates, weekly U.S. hog slaughter numbers over the past two months have averaged 2.369 million […] Read more
Pulse weekly outlook: Pulse acres on downswing
CNS Canada — Pulse prices in Western Canada showed some movement during the week ended Tuesday, but mostly hung rangebound as India’s import restrictions on Canadian pulses continued to hold the market in check. Yellow peas fell 25 cents to a range of $5.75 to $7 a bushel. Green peas held steady at $7.50-$8.50 a […] Read more
Prairie mustard acreage depends on spring moisture
CNS Canada — The 2018 mustard crop in Western Canada could hit half a million acres according to an industry expert, but he cautions that number could be much lower if dry soil conditions persist until spring. In 2017, there were 385,000 acres of mustard seed planted in Western Canada, down from 525,000 acres in […] Read more
Feed weekly outlook: Prairie grains chopping around
CNS Canada — Dry subsoil moisture conditions and a lack of snow cover in southern Alberta and Saskatchewan continue to create worries for many farmers. Conditions range from abnormally dry in many areas to full-on droughts around Regina and some areas south of Calgary, according to Agriculture and Agri-food Canada. Feed barley bids in the […] Read more
ICE weekly outlook: Canola creeps toward $500
CNS Canada — ICE Futures Canada canola contracts are showing signs of wanting to climb higher due to recent moves in soybean oil and the Canadian dollar. The front-month March contract is still below the benchmark $500 per tonne mark but is starting to creep toward it. Some of the movement can likely be traced […] Read more
Prairie feed barley softens as packers bid up cattle
CNS Canada — Feed barley prices in the Lethbridge area are showing signs of softening as the February lull approaches and warmer weather moves into the province. According to Allan Pirness of Market Place Commodities, both feed barley and feed wheat prices are around the $220 per tonne mark, down a touch from the pre-Christmas […] Read more
Manitoba corn rides strong yields through bearish market
CNS Canada — Even as large world supplies continue to weigh down the North American corn market, farmers in Manitoba can continue to hang their hats on strong yields, according to an industry expert. Manitoba’s average yield from the 2017 crop was 134 bushels an acre, according to Myron Krahn, president of the Manitoba Corn […] Read more
ICE weekly outlook: Cold-weather bump expected for canola
CNS Canada — The ICE Futures Canada canola complex is facing a slew of supportive and bearish factors as it slowly makes its way through the first part of January. Foremost on traders’ minds is a batch of reports set to be released by the U.S. Department of Agriculture on Friday. Already, there are ideas […] Read more
ICE weekly outlook: March canola fights to stay above $500
CNS Canada — As traders exit the trading floor ahead of the holidays, canola futures continue to chop around amid thin volumes. “More and more traders are stepping away from the market, either because of holidays or not wanting to have big positions on ahead of them,” said Keith Ferley of RBC Dominion Securities in […] Read more
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