CNS Canada — Traders shifted attention to Chicago Board of Trade (CBOT) corn and soybean markets in the wake of a drop in Wall Street stocks, causing a commodities rally Wednesday. Wall Street was dragged down Tuesday by U.S. bond yields, which hit the three per cent mark for the first time in four years. […] Read more
CBOT weekly outlook: Traders flee stocks for commodities
CBOT weekly outlook: Soy recovers from wild week
CNS Canada — After a wild week in which the Chicago Board of Trade (CBOT) soybean market plunged, following China announcing tariffs on imports of U.S. soybeans, it has recovered. China on Thursday announced plans for a 25 per cent tariff on U.S. soybean imports in retaliation of previously announced tariffs by the U.S. on […] Read more
Feed weekly outlook: Barley prices rising for northern Alberta feedlots
CNS Canada — While feed barley prices are holding steady in the Lethbridge area, further north around Edmonton, prices are starting to climb. “We’re starting to see already just difficulty with loading here and there and buyers getting caught off-guard with not getting barley coming in when they needed it to happen. And that’s spurring […] Read more
CBOT weekly outlook: Soybeans wade through turbulent trade waters
CNS Canada — Soybean futures on the Chicago Board of Trade suffered sharp losses Wednesday after China said it would slap a 25 per cent tariff on soybean imports in retaliation for U.S. sanctions that had been placed on it. The dominant May contract plummeted 55 cents to $9.83 a bushel, before bargain-hunters stepped in […] Read more
Spot corn prices strengthen on Prairies amid logistics challenges
CNS Canada –– Corn prices across the Prairies have broken out of their long-held range, which should put cash in producers’ pockets, but it may not be enough to significantly increase seeding plans this spring. For much of 2017 and the early portion of 2018, corn prices in Western Canada were hanging around the $4-$4.30 […] Read more
Feed weekly outlook: Shipping to feedlots becomes problem
CNS Canada –– Spring has sprung on the Prairies, meaning road bans are starting, leading to problems shipping feed grains to feedlots in Alberta. “The supply is actually there at the farm gate but getting the supply from the farm gate to the end-user means more truck logistics and higher freight rates typically,” said Jim […] Read more
CBOT weekly outlook: Shocker USDA reports leave questions for traders
CNS Canada — Two much anticipated reports from the U.S. Department of Agriculture (USDA) sent markets soaring and left traders speechless in the last trading day before the Easter holiday. USDA released its quarterly grain stocks and prospective plantings reports Thursday at 11 a.m. CT. Traders had been expecting corn area to be at 80.3 […] Read more
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
Corn-state senators seek Trump meeting as biofuel changes loom
Reuters — A group of senators from U.S. corn states have asked President Donald Trump for a meeting about the nation’s biofuels law, amid expectations the administration will soon act to lower the regulation’s costs to the oil refining industry. The group of Republican senators wrote a letter to Trump on Thursday in which they […] Read more
Brazilian grain growers explore increased use of Panama Canal
Sao Paulo | Reuters — Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the Panama Canal Authority to evaluate ways to cut transportation costs and boost Brazilian grain volumes using the waterway, the authority’s chief administrator said. The canal’s administration is looking to increase its participation in rising Brazilian […] Read more
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