CNS Canada — Total Canadian pea acres are likely to be down in 2018 as export challenges have cut into prices. However, Manitoba could be an outlier, with increased area to the pulse crop a strong possibility. “People are interested in growing peas, but there’s caution there,” said Francois Labelle, executive director of Manitoba Pulse […] Read more
Pulse weekly outlook: Manitoba may give peas a chance
CBOT weekly outlook: Soy, corn market attention shifts north
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower over the past week, but stabilized at those lows as attention shifts from weather concerns in Argentina to planting intentions in North America. Rains in Argentina over the past weekend helped ease dryness concerns there somewhat and caused soybeans and […] Read more
Pulse weekly outlook: Manitoba bean acres depend on soy
CNS Canada — After Manitoba in 2017 grew its largest edible bean crop in more than a decade, a downturn could be expected in 2018. However, new-crop pricing opportunities look favourable and industry participants say it’s still too early to get a firm sense on seeding intentions. “The pinto market is long in terms of […] Read more
ICE weekly outlook: Canola bids ‘not too bad’
CNS Canada — ICE Futures Canada canola contracts have seen some large price swings over the past two weeks, but the bids in the countryside remain relatively favourable overall, according to an analyst. The May contract hit a nearby high of $530.50 per tonne on March 5 before dropping to a session low of $511.50 […] Read more
Feed weekly outlook: Canada importing more U.S. DDGS
CNS Canada — A better-quality Canadian grain crop in 2017 has opened the door to increased imports of distillers dried grains with solubles (DDGS) from the U.S., as Canadian livestock feeders look for other options. Canada imported about 700,000 tonnes of the ethanol byproduct from the U.S. in 2017, the largest imports since 2011 and […] Read more
ICE weekly outlook: Canola backing away from resistance
CNS Canada — ICE Futures Canada canola contracts appear to have finally run into some resistance after trending higher for all of February. While a return higher is possible, canola will take most of its direction going forward from what happens in outside markets. The May canola contract hit a three-month high of $531 per […] Read more
Canola nearing chart resistance
CNS Canada — The ICE Futures Canada canola market remains in a steady uptrend from a chart standpoint, with the May contract posting gains Monday for the 11th straight session. However, the futures are getting very close to upper resistance. May canola settled Monday at $530.50 per tonne, after climbing by roughly $30 over the […] Read more
Pulse weekly outlook: Chickpeas a bright spot
CNS Canada — Western Canadian farmers may be set to plant fewer lentil and pea acres this spring, but chickpeas are looking to be one pulse crop that stands out. “Acres are definitely going to increase significantly,” said Colin Young of Midwest Grain at Moose Jaw. He expected to see a doubling in area from […] Read more
ICE weekly outlook: Canola looking cheap despite gains
CNS Canada — ICE Futures Canada canola contracts may be on the rise, but the commodity is actually looking cheaper to end-users, which should keep values supported going forward. “Canola is getting pulled higher, it’s not going up on its own,” said Ken Ball of PI Financial in Winnipeg. Recent strength in Chicago Board of […] Read more
Canola exports slow down in latest weekly report
CNS Canada — Weekly Canadian canola exports were down during the week ended Sunday, hitting their lowest level since September 2017, according to the latest Canadian Grain Commission data. Canada exported only 129,000 tonnes of canola during the latest reporting period, which compares with the previous five-week average of 194,800 tonnes. Total canola exports during […] Read more