CNS Canada –– Sales of canola out of the world’s top canola-exporting country are moving slower than merchants had anticipated — and market watchers attribute Canada’s sluggish pace to high prices and low global demand. “The export story right now is quiet,” said Peter Schutz, canola merchant at Richardson International, attributing it to a lack […] Read more
Canola exports seen moving slower than expected
StatsCan raises wheat, canola estimates with new model
CNS Canada — Wheat and canola production are expected to be higher than in previous estimates, but still lower than in 2014, according to a new Statistics Canada model for field crop production estimates. The model-based report, released Thursday, pegs this year’s spring wheat production at 18.4 million tonnes, higher than previously forecast in the […] Read more
CBOT weekly outlook: Corn, soybeans moving on technical trading
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade (CBOT) are mostly moving on technical trading, profit-taking and good harvest weather. “It’s a technical trade; the range may have moved up a little bit higher than what we had thought,” said Scott Capinegro, senior broker with Highground Trading Group. Soybeans saw […] Read more
Wheat basis levels improve, futures stay bearish
CNS Canada –– Canada’s spring wheat basis has hit fresh highs to spur producer selling, but overall the market remains bearish. “It does seem kind of counterintuitive to see cash prices strengthening right during harvest,” said Brenda Tjaden Lepp, co-founder of FarmLink Marketing Solutions in Winnipeg. Over the past week, quoted basis levels for Canada […] Read more
Malt barley prices strong despite ongoing harvest
CNS Canada — Commodity prices typically buckle under harvest pressure, but malt barley has been acting as the shining star of cash markets. Influencers within Canada and globally have contributed to the climb, according to one industry expert. Cash prices for delivered elevator malt barley range between $5.25 and $5.75 per bushel, according to Prairie […] Read more
Alta. harvest turns up stagey crops
CNS Canada –– Alberta farmers who could have used wet conditions earlier this year now have rain slowing their harvest progress. However, the biggest issue producers in the province face is field variability, according to Harry Brook, a crop specialist with Alberta Agriculture and Forestry in Stettler. “It truly is a mess out there — […] Read more
Manitoba soybeans near harvest, weather permitting
Manitoba soybeans are edging closer to harvest, with southern fields just a week away, but rain, as always, poses a challenge to producers. Beans in southern Manitoba have ripened faster than other parts of the province, and will be ready to harvest by early next week, said Dennis Lange, farm production advisor with Manitoba Food, […] Read more
Churchill to move pulses this fall, consider partnerships
Churchill | CNS Canada –– As its shipping season gets underway, the operators of Manitoba’s Port of Churchill are considering options for keeping the port viable going forward — especially as the end looms for its government subsidy. Churchill has previously relied on the Canadian Wheat Board as its primary supplier of grain, but in […] Read more
Churchill’s first shipment of season now loading
Churchill, Man. | CNS Canada — Grain loading has started on the first vessel of the season to reach Manitoba’s northern Port of Churchill. The Clipper Bettina arrived at the Hudson Bay port Sunday and began receiving grain Wednesday. The vessel is to leave for Africa within days, with 36,000 tonnes of hard red spring […] Read more
CBOT weekly outlook: Corn, soy trade up, but fundamentals bearish
CNS Canada — Despite short-term bullish factors in Chicago Board of Trade (CBOT) corn and soybeans, one analyst anticipates prices will be pressured in coming weeks. To start the week, a turnaround in crude oil markets supported prices, said Terry Reilly, senior commodity analyst at Futures International. Rebounds in Malaysian palm oil prices are also […] Read more
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