CNS Canada –– Every year is a different story for wheat crop quality and protein levels — but the saturation of high-protein wheat in the market may mean fewer premiums for Prairie growers this year. The premium price for high-protein wheat has eroded to the point where there’s a shift from grain companies in the […] Read more
Prairies see high-protein wheat crop, but few premiums
CBOT weekly outlook: Corn, soy move on weather, interest from China
CNS Canada –– It’s a game of follow-the-leader in corn and soybean markets at the Chicago Board of Trade, according to one analyst — and short-term, neither looks especially bullish. “Beans have been the leader, corn is the follower, because we’re getting into the teeth of harvest,” said Scott Capinegro, senior broker for HighGround Trading […] Read more
World weather worth watching as winter hits Canada
CNS Canada –– Harvest is wrapping up in Western Canada, but seeding is just starting in other parts of the world. Here are a few of the top market influencers traders and farmers are watching heading into winter. El Nino in the Southern Hemisphere – The Southern Hemisphere is starting its wheat growing season, said […] Read more
Consumers want sustainable beef, but defining that may be murky
CNS Canada –– McDonald’s plans on using sustainable beef by 2016, and intends on sourcing at least part of it from Canadian producers. The fast food giant’s latest step toward sustainability is to define what exactly that means. Defining sustainability is important, according to a beef brand officer, because in some cases it’s something consumers […] Read more
Manitoba hail, reseed damage claims above average
CNS Canada –– Farmers have seen more weather-related hardships this year than normal, made evident by an above-average amount of hail and reseed damage claims. Summer hail and frost at the end of June and the beginning of July took a toll on crops, leading to insurance claims above the five-year average. Manitoba Agricultural Service […] Read more
CBOT weekly outlook: Corn, soy rest on USDA report
CNS Canada –– The short-term fate of corn and soybean futures at the Chicago Board of Trade rests on an upcoming supply and demand report, according to one analyst. Long-term, traders are watching global weather patterns, which could put crops at risk. The U.S. Department of Agriculture (USDA) will release its monthly World Agricultural Supply […] Read more
Man. edible bean harvest wraps up, hail damage evident
CNS Canada — Manitoba’s edible bean harvest is done, but markets are sitting little-traded and offering low prices to producers, analysts say. The effects of hail storms in south-central Manitoba are now apparent, said Dennis Lange, a farm production advisor with Manitoba Agriculture, Food and Rural Development at Altona. “It’s going to affect yields and […] Read more
Supply management the hot button at ag debate
CNS Canada — Representatives from Canada’s five main parties met Wednesday in Ottawa to discuss and debate farm policy ranging from risk management to transportation and rural infrastructure ahead of the Oct. 19 federal election. The hot button issue of the debate, however, was Canada’s supply management systems for dairy, poultry and eggs. The topic […] Read more
Spot mustard prices hit fresh highs on reduced acreage
CNS Canada — Producers who opted against selling mustard earlier in the season are now relishing the spot market, which is reaching fresh highs not seen since 2008 against contract prices. Delivered elevator prices are between 45 to 46 cents per pound for yellow mustard, 31 to 33 for brown, and 34 to 36 for […] Read more
Regrowth slowing Sask. canaryseed harvest
CNS Canada — Canaryseed regrowth in west-central Saskatchewan is posing a problem to farmers, and could stall harvest into the winter, according to one expert. The region — particularly near Kindersley — is the largest producer of canaryseed, but also experienced a lot of dryness throughout May and June. That means many crops didn’t germinate […] Read more
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