CNS Canada –– Foreign demand has picked up in the flax market, according to a grain brokerage firm — and despite increased competition, Canadian prices have seen a slight uptick as limited quality flax is available. Old-crop flax prices have increased slightly since harvest, as farmers have been firm on sales, and demand has picked […] Read more
Flax prices see upward bump on increased demand
Weak loonie expected to support hog prices, but not yet
CNS Canada — A weak loonie could improve the profit margin of Canadian pork producers by summer, according to one analyst, but its effects have been little seen in the current market. Influencers outside of currency markets are driving current cash prices lower — and cash prices are relatively depressed, according to Tyler Fulton, director […] Read more
Limited farmer selling keeping pea prices steady
CNS Canada –– Prairie pea prices are steady, but farmers are holding out, according to one trader, as emerging new-crop bids grow in strength. “I think what’s moving prices is simply the expectation that (they) can’t go that much lower,” said David Newman of Victoria-area pulse trading and processing firm Commodious Trading. A lack of […] Read more
Canada’s organic market to focus on special crops in 2016
CNS Canada — The spotlight is on special crops in Canada’s organic market, as new-crop bids for 2016 start to appear. “It’s a bit of a switch from normal,” said Laura Telford, organic sector development specialist with Manitoba Agriculture, Food and Rural Development at Portage la Prairie. Normally producers see high demand and prices for […] Read more
Low acres, high prices expected to continue for mustard
CNS Canada –– Canadian mustard production will likely see an upward bump in 2016, according to one buyer, but seeded acres won’t increase exponentially, despite strong prices. “It’s not going to be a big bounce-back year like we’ve had in the past whenever spot prices have increased like they have,” said Walter Dyck of Olds […] Read more
Trends for 2016: Pulses expected to steal acres from cereals
CNS Canada — Canadian farmers are expected to seed more pulse crops at the expense of cereals in 2016, according to early projections from industry experts looking at current market trends. “Definitely we’ll see an increase in pulse crop acreage,” said Bruce Burnett, weather and crop specialist at G3 Canada. Lentils and peas are seeing […] Read more
CBOT weekly outlook: Corn, soy rangebound ahead of holidays
CNS Canada — Corn and soybeans at the Chicago Board of Trade are rangebound ahead of the holidays, according to one analyst. On Wednesday, the U.S. Federal Reserve raised interest rates by 0.25 per cent, the first increase since 2006, which pressured both corn and soybeans. But outside of that story, corn and soybean markets […] Read more
Loonie’s boost for commodity prices likely limited in 2016
CNS Canada — The Canadian dollar has been steadily depreciating through 2015, sinking to an 11-year low relative to its U.S. counterpart as the end of the year creeps closer. Even if the loonie stays weak in 2016, however, two analysts expect the upside potential it brings to agricultural commodity markets has mostly run out. […] Read more
Oat prices move higher to spur farmer selling
CNS Canada — Prairie oat prices are ticking upward as buyers try to coax farmers into a slow market — but prices, most notably in Saskatchewan, may need to move further before that happens. “Prices are below expectations, and in some instances quality is below what the market is willing to accept at this point,” […] Read more
CBOT weekly outlook: Soy, corn hold in trading range
CNS Canada — Supply and demand estimates from the U.S. Department of Agriculture held few surprises and had only limited effects on Chicago Board of Trade corn and soybeans — both rangebound in the short term, according to one U.S.-based analyst. “That report was pretty non-eventful right now,” said Scott Capinegro of Barrington Commodity Brokers. […] Read more
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