CNS Canada — Corn development in key growing areas of Ontario and Manitoba remains highly variable as the crop nears its yield-determining phase. “The pollination stage is the critical part of the corn-growing period and I would say probably within the next three weeks we will know what yield is going to look like,” said […] Read more
Ontario, Manitoba corn crops need rain
CBOT weekly outlook: Corn, soybeans look to wheat for support
CNS Canada — Corn futures on the Chicago Board of Trade chopped around for much of the week ended July 25, but could be poised to move higher. There are ideas a trade deal between the U.S. and Mexico could be reached over some agricultural commodities such as corn, according to Jack Scoville of Price […] Read more
Canada feeds Europe’s corn appetite as tariff war shrinks U.S. sales
Winnipeg/Chicago | Reuters — Canadian corn is flowing into Europe at the fastest pace in four years, helped by retaliatory tariffs against the U.S. by the European Union that has shut American corn out of the bloc, traders said. Corn shipments to western European countries rose 85 per cent year over year during the nine […] Read more
CBOT weekly outlook: Soy and corn recover, but too early to call a bottom
CNS Canada — Soybean and corn futures at the Chicago Board of Trade recovered off of contract lows over the past week, but it’s still too early to say either commodity has found a bottom. “I’m looking for baby steps to confirm the bottom, and I haven’t seen anything of substance yet,” said Preston Zacharias, […] Read more
Corn, soybeans may have seen low point for now
CNS Canada — Agricultural markets throughout North America continue to weather a storm of tariffs and uncertain political interventions — and from where one trader sits, prices for corn and soybeans may have seen their low points. “We have gotten back down to recent lows in corn while beans have gotten cheap again,” said Brian […] Read more
AMIS adjusts world grain production outlooks
CNS Canada –– Global supply-demand outlooks, released by the market monitoring agency of an alliance of 11 international organizations, point to lower corn production for 2018-19. The Agricultural Market Information System (AMIS) Market Monitor report for July said the record corn harvest in 2017-18 will slip by more than four per cent in 2018-19. That’s […] Read more
CBOT weekly outlook: Soy market waiting on trade war
CNS Canada — It’s a wait-and-see game for traders who deal in corn and soybeans on the Chicago Board of Trade (CBOT). “It looks like we’re going to be concerned a lot about what happens with our friends from China here in the short term,” said Jack Scoville, of Price Futures Group in Chicago, on […] Read more
Feed weekly outlook: Prairie market focused on weather
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: 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