CNS Canada — Western Canadian feed grain buyers aren’t concerned if they’ll have crops to buy at the end of the summer, but they are concerned what the quality of those crops will be. “At this point it’s a weather market. So we kind of wait and see as it unfolds and respond accordingly,” said […] Read more
Feed weekly outlook: Prairie market focused on weather
Feed weekly outlook: Producers watching skies for signals
CNS Canada — Farmers and traders are keeping a watchful eye on the weather trying to sort out feed grain supplies. “This time of year, it’s a weather market and weather has been improving in much of Saskatchewan and in some of the more critically dry areas. They got a decent amount of moisture over […] Read more
CBOT weekly outlook: Soybeans should benefit as China lifts tariffs
CNS Canada — The $9 a bushel mark seems like a distant memory for soybeans as import tariffs between China and the U.S. continue to sap buying interest in the crop. China buys roughly 60 per cent of the United States’ annual soy exports — and there’s no telling when or how that shortfall will […] Read more
Feed weekly outlook: Markets watch Japan wheat ban, trade fights
CNS Canada — A Japanese ban on Canadian wheat might eventually push more wheat into feed markets, but traders say that’s not happening so far. Japan, Canada’s No. 2 wheat buyer after the U.S., instituted the ban last Friday after genetically modified wheat was discovered growing in Alberta. GM wheat is not approved for commercial […] Read more
CBOT weekly outlook: Tariff spats put markets in precarious spot
CNS Canada — The Chicago Board of Trade soybean market is in recovery mode following a wild day where contracts hit nearly a 10-year low. “It was one of the craziest days we’ve seen in recent memory yesterday. And volume was just absolutely through the roof,” said Terry Reilly, a senior commodity analyst with Futures […] Read more
U.S. EPA won’t force refiners to make up waived biofuels volumes
New York | Reuters — The U.S. Environmental Protection Agency said on Friday it cannot make large oil refineries blend additional biofuels into their gasoline to make up for volumes waived under the small refinery hardship waiver program, unless Congress authorizes it. The agency’s decision was certain to anger the powerful U.S. corn lobby and […] Read more
Feed weekly outlook: Optimism takes pressure off Prairie grains
CNS Canada — Following recent rains across Western Canada, producers have opened their bins and are selling grain again for feed, taking some pressure off of the market. “It’s some relief from the rain that’s happened across the Prairies in the last two weeks. It’s allowing producers to comfortably sell the rest of their old-crop […] Read more
CBOT weekly outlook: Corn, soybeans try to halt slide
CNS Canada — The future looks hot and dusty for corn and soybeans in the U.S. Midwest and central Plains over the next week or so. While crops in the U.S. are generally off to a good start so far this year, the heat could still bring some much-needed support to both commodities. The July […] Read more
U.S. EPA chief hints he could order more ethanol in fuel
New York | Reuters — A week after the White House suspended its bid to reform the nation’s biofuels policy to aid oil refiners, the head of the U.S. Environmental Protection Agency on Tuesday dangled a tantalizing prospect to Midwest corn farmers, saying the agency has the power to expand sales of higher-ethanol gasoline blends. […] Read more
Feed weekly outlook: Barley prices feeling some pressure
CNS Canada — Prices for feed barley remain solid in Western Canada but demand could be lessening somewhat as the summer unfolds. “Buyers seem to have decent coverage going into later summer,” said Jared Seitz of Agfinity at Stony Plain, Alta. “So their pricing is starting to pull back.” Prices for feed wheat and barley […] Read more
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