CNS Canada — When it comes to Canadian pulse crops, David Newman of Commodious Trading says producers, speculators and processors are long — and that has been of great concern to him. “You have everybody wanting to sell and you better hope that there’s someone there to take all of it,” he said. The wildcard […] Read more
Pulse weekly outlook: Market depends on India’s fortunes
Quebec rye production on the rise
CNS Canada — Rye production was up in Quebec in 2018, one reason being producers supplying hybrid rye for feed to the province’s hog industry. “Feed was coming from out west, but now we’re starting to produce the seed itself here,” said Andre Lussier, who farms near St. Hyacinthe, Que. and is a director with […] Read more
Tighter StatsCan canola crop won’t affect market, analysts say
CNS Canada — Canada’s canola production has been revised lower in the latest data from Statistics Canada’s Production of Principal Field Crops report, issued Thursday. However, two observers agree the final numbers won’t have much effect on markets. “It’s not a report that’s going to allow canola to trade tremendously strong. It might trade a […] Read more
CBOT weekly outlook: Soy left hanging on changing trade truce views
CNS Canada — The initial positive outlook U.S. futures markets had toward a 90-day truce in the U.S.-China trade war is fading, leaving traders with opposing views on where Chicago soybeans are heading. In an effort to resolve their countries’ trade war, U.S. President Donald Trump and Chinese President Xi Jinping agreed to the truce […] Read more
Rye prices as good as they’re going to get
CNS Canada — At more than $7 per bushel for rye in Western Canada, Cal Vandaele believes the price has topped off. “There’s been bids touching $8,” said Vandaele, of Vandaele Seed at Medora, Man., about 120 km southwest of Brandon, adding the price will decline over the winter. “When they start getting into these […] Read more
Fertilizer prices to rise on global production shifts
CNS Canada — Canadian fertilizer prices are expected to increase as spring draws nearer, according to industry professionals. “The further you buy out from spring, the prices tend to be a little bit lower. In making your commitments early, prices tend to edge up as you get closer to spring,” said Don Kitson of International […] Read more
Feed weekly outlook: Corn imports set to drop
CNS Canada — The market for feed grains in Western Canada is largely flat, but could change soon, according to one commodities trader. “I don’t know if I’m bearish or bullish. I’m kind of flat right now as a trader,” said Evan Peterson of JGL Commodities in Moose Jaw. Peterson said there are still large […] Read more
CBOT weekly outlook: Volatile markets await G20 meeting
CNS Canada — Chicago soybean and corn markets are expected to remain volatile over the next few days, ahead of the G20 summit in Argentina, said one commodities expert. That volatility is fueled by a much-talked-about meeting between U.S. President Donald Trump and Chinese President Xi Jinping scheduled for Saturday. “What is going to be […] Read more
No big problems seen in grain transportation so far
CNS Canada — It’s so far, so good with grain shipments to the three major Canadian ports according, to a spokesperson with Quorum Corporation, which compiles weekly performance updates on Canada’s grain handling sector. The spokesperson said there not have been any big problems recently, only a few sporadic instances in rail shipments. There has […] Read more
Mustard prices weather the weather, remain flat
CNS Canada — Although mustard prices are flat, the ill-tempered weather experienced on the Prairies this fall had little effect on the crop’s quality. Jamie Stelmachowich of Besco Grain Ltd. at Homewood, Man. said despite the cold, wet weather, most mustard has been graded higher at No. 1 or 2. “The seed was turned already. […] Read more
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