CNS Canada — Trade uncertainty between China and the U.S., along with good U.S. growing conditions, is pressuring the soybean market on the Chicago Board of Trade (CBOT). During the week ended Wednesday, the July CBOT soybean contract dropped about 30 cents to $9.9425 per bushel (all figures US$). “The trade uncertainty is a major […] Read more
CBOT weekly outlook: U.S./China trade uncertainty weighs on soy
U.S. biofuels deal reported to be delayed indefinitely
Reuters — The Trump administration has indefinitely delayed a proposed overhaul of U.S. biofuels policy aimed at reducing costs for the oil industry, under pressure from corn state lawmakers who worry the move would undermine demand for ethanol, according to two sources familiar with the matter. The White House had been poised to announce reforms […] Read more
Feed weekly outlook: Barley prices hang tight, await new crop
CNS Canada — The thought of sizzling days near the end of May 2017 is helping keep feed barley prices in Western Canada well supported, according to a market-watcher. “There is that memory of last year’s drought and seeing temperatures in the high 20s and 30s at the end of May,” said Allan Pirness of […] Read more
CBOT weekly outlook: Soy poised for move higher, waiting on China
CNS Canada — Soybean contracts on the Chicago Board of Trade could be poised to rally, if and when China and the U.S. reach an agreement over trade issues. According to Terry Reilly, a senior commodity analyst with Futures International in Chicago, people are starting to get excited over rumours a deal may be close. […] Read more
CBOT weekly outlook: Corn, soy sinking below major support
CNS Canada — Corn and soybean futures on the Chicago Board of Trade softened in value during the week ended Wednesday and could be set to drop even more as growing conditions improve in the U.S. Rainy conditions across the U.S. Midwest and Plains have pressured prices in recent days. The July corn contract sunk […] Read more
You can’t make heat, but you can pick the right variety for corn silage
Harvesting at the right time to maximize digestibility is also key
Reading Time: 4 minutes Feeding corn silage to cattle comes with some risks in Alberta — but there are ways you can manage that. “There are a lot of different factors that will affect yield and quality in corn silage,” said federal research scientist Karen Beauchemin. “You have some control over some of these factors, but not all. So […] Read more
CBOT weekly outlook: Corn, soy react fittingly to USDA reports
CNS Canada — Traders had a lot to sort through with two big U.S. Department of Agriculture (USDA) reports released Thursday, but at a glance the markets reacted accordingly, according to one trader. USDA on Thursday released its world agricultural supply and demand estimates (WASDE) and crop production reports. “The market reaction, I think, was […] Read more
Feed weekly outlook: For barley acres, seeding delays will tell tale
CNS Canada — After a slight delay to the start of seeding in southern Alberta, producers are out in the fields and it doesn’t yet look like they have seeded more shorter-season acres, such as in feed barley. “Southern Alberta is a little bit later than normal (for starting seeding). But most areas, they’re kind […] Read more
CBOT weekly outlook: Limited upside seen for U.S. soybeans
CNS Canada — It’s a fluid set of circumstances for the U.S. soybean market these days as U.S. negotiators head to China in a bid to get proposed tariffs lowered on U.S. imports — but the potential for any major rally appears limited. “I would say the beans have a more limited upside than the […] Read more
Feed weekly outlook: Prairie grains continue strong rally
CNS Canada — The rally on which southern Alberta feed grain prices have been riding since the start of the year continued this week. “Right now (we’re seeing) some of the best prices on barley for farmers that have been seen in Alberta for a while,” said Joshua Boyko of CorNine Commodities in Lacombe. According […] Read more
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