Winnipeg | CNS Canada — As China’s consumption of higher-protein foods continues to grow, so too does its selectiveness for which oilseeds it will pursue on the open market. So far, it’s a race canola does not seem to be winning. “The big demand factor in China is protein, rather than vegetable oil,” said Felix […] Read more
Chinese protein preference becoming big obstacle for canola
CBOT weekly outlook: Investors look for quick buys in corn
CNS Canada — Pressure continues to build on the Chicago Board of Trade corn market but there could be a glimmer of hope as traders look for places to park money ahead of next week’s U.S. Thanksgiving Day holiday. “I think people are looking for a place to buy the market here in a short-term […] Read more
Feed barley marches ‘lockstep’ with U.S. corn
CNS Canada — Western Canada’s feed barley market continues to trade above the key $200 per tonne mark, taking strength from consistent demand and a lower-sized crop in 2017. “The market has changed (gotten stronger) from last year when high-vomitoxin wheat was trading at a discount,” said Jim Beusekom of Market Place Commodities in Lethbridge. […] Read more
Alberta malt barley quality looking good
CNS Canada — Despite a wet spring and problems with dryness in the summer, barley in central Alberta is looking fairly good, according to a grower in the Red Deer area. “We had a really good malt crop this year, the quality is excellent,” said Matt Hamill of Red Shed Malting at Red Deer. “It […] Read more
ICE weekly outlook: Canola enjoying broad-based support
CNS Canada –– ICE Futures Canada canola contracts are benefiting from developments down south. The U.S. Commerce Department on Monday imposed antidumping duties on biodiesel imported from Argentina and Indonesia. The department claimed the fuel was being sold at prices below market value in the U.S. The move was enough to lift soyoil in the […] Read more
Nitrogen looking cheap across Prairies
CNS Canada — Farmers in Manitoba may be looking to fill up on nitrogen fertilizer this fall as prices reach lows not seen in over a decade. “One retailer I talked to said it was the cheapest nitrogen prices in 15 years,” according to Dan Mazier, president of Keystone Agricultural Producers. Prices also seem to […] Read more
ICE weekly outlook: Canola looks to USDA for direction
CNS Canada — The canola market continues to chop around in its recently-established range of $490-$500 per tonne, but a looming U.S. Department of Agriculture report could change that, according to an industry analyst. “That (USDA supply and demand report) is going to be the driver,” said Keith Ferley of RBC Dominion Securities in Winnipeg. […] Read more
Hog prices feeling weakness as new U.S. plants start up
CNS Canada — Canadian hog prices are feeling the effects of near record-high slaughter volumes in the U.S. During the week ended Sept. 30, over 2.5 million hogs were processed, up three per cent from the same week a year ago and the third largest kill on record over the last 30 years. According to […] Read more
CBOT weekly outlook: Corn dips under $3.50 as harvest pushes on
CNS Canada — The corn market dropped below a major support level during the week ended Wednesday and could be poised to hit further market lows, according to one analyst. “I think we’re within a dime or something of it,” said Jack Scoville of Price Futures Group in Chicago. The December contract fell 5.75 cents […] Read more
Oat prices keep firm as harvest rolls in
CNS Canada — Oat prices firmed this week in Saskatchewan as reports streamed in indicating yields were slightly better than anticipated. Harvest in Saskatchewan is over three-quarters complete, although recent rains have delayed that progress somewhat. The province is the dominant growing area for Canadian oats. Bids rose five cents to a range of $2.33 […] Read more
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