CNS Canada — Western Canadian cash hog prices have been trending higher as supplies tighten and demand increases moving into the summer, two Prairie analysts say. “A lot of that has to do with lower slaughter numbers, higher pork cutout values,” said Brad Marceniuk, a livestock economist with the Saskatchewan government in Saskatoon. Hog numbers […] Read more
Pork prices gain on seasonal demand, tighter numbers
Flax expected to lose a third of acres
CNS Canada — Canada’s flax acres are expected to fall about a third from last year’s levels, according to Statistics Canada data. One market participant says weaker prices have influenced farmers, while another says smaller crops are often overlooked during surveys. StatsCan estimates flax’s seeded area at about 1.1 million acres, compared with 1.6 million acres […] Read more
CBOT weekly outlook: Corn, soy expected to correct lower
CNS Canada — Corn and soybean futures at the Chicago Board of Trade are both likely to correct lower after sharp gains on the week, according to one U.S. analyst. Corn prices are slightly overdone, and will likely decline in coming sessions, said Terry Reilly of Futures International. Reilly said he expects prices to correct […] Read more
New-crop chickpea prices strong, but seed short
CNS Canada — Production issues in growing regions have driven chickpea prices higher, one analyst says, but limited seed means Canadian producers may not be able to take advantage of strong new-crop pricing. “Bottom line, the world is out of chickpeas,” said Colin Young of Midwest Investments. “As the year progressed everyone was hoping the […] Read more
Prairie farmers look to increase tech use, but face obstacles
CNS Canada — As spring approaches, some producers are searching for new technology to integrate into their operations — while others have opted out of the ag tech sector, whether by choice or through a lack of accessibility. “Even two years ago, it was way worse out there in terms of apps, in terms of […] Read more
CBOT weekly outlook: Soybeans moving lower, corn up
CNS Canada — Soybeans and corn at the Chicago Board of Trade are both stuck in a trading range, one U.S. analyst says. Neither market is expected to see any dramatic swings on the week, but soybeans have downside potential, while corn could advance. Soybeans were able to break through a 200-day moving average, but […] Read more
Limited selling, buying leave feed barley flat in Lethbridge
CNS Canada — Lethbridge’s feed barley market is sitting stagnant, as feedlots quit hand-to-mouth buying and farmers hold onto their grain. Farmers who stored their feed barley post-harvest don’t want to sell at current prices, despite relative strength, said Jared Seitz, trade manager for Agfinity at Stony Plain, Alta. “It’s not so much that prices […] Read more
CBOT weekly outlook: Corn, soybeans await data
CNS Canada — Soybeans and corn at the Chicago Board of Trade have been edging higher on investor short-covering ahead of a key report from the U.S. Department of Agriculture. While trade estimates are bearish for both of those markets, highly-anticipated reports often throw curveballs at investors, one analyst says. Soybeans – “This report is […] Read more
Canary seed demand tepid, prices moving lower
CNS Canada — Despite now being approved for human consumption, demand for canary seed still hasn’t taken flight — and that’s being reflected in lower prices, one industry specialist says. The largest source of pressure in Canada’s canary seed market is weak demand, according to David Nobbs, chair at the Canaryseed Development Commission of Saskatchewan in […] Read more
CBOT weekly outlook: Beans choppy ahead of data, corn sideways
CNS Canada –– Chicago Board of Trade corn prices are set to trade sideways over the course of the week as the market awaits fresh news, but that staleness is in direct contrast with the turbulence in soybeans. Soybeans – “They’re going to trade pretty choppy,” said Terry Reilly at Futures International. Soybeans should feel […] Read more
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