CNS Canada — A tale of two markets is emerging in Alberta as feed users in the south take advantage of cheap corn trucked in from Manitoba, while users farther north pay higher prices. “As far as Red Deer north goes, it’s quite different than feedlot alley,” said Joseph Billett, general manager of Agfinity in […] Read more
Feed weekly outlook: Alberta prices see wide range
CBOT weekly outlook: USDA report delivers no surprises
CNS Canada — The latest report released from the U.S. Department of Agriculture had no surprises for traders at the Chicago Board of Trade (CBOT), leaving the March corn and soybean contracts little changed. “I think that brokers right now are on the phone talking to their customers, probably some co-ops, elevators are also, and […] Read more
CBOT weekly outlook: Futures get weather boost
CNS Canada — The troublesome weather that gave Chicago Board of Trade (CBOT) corn, soybean and wheat contracts a boost over the past week should remain supportive, despite nearby technical setbacks, according to a trader. “I’m still slightly bullish on beans, corn and wheat given the unfavourable weather situation in South America, with too much […] Read more
Hot fall pulls Ontario corn yields above average
Ontario’s corn crop yielded better than expected, at 184 bushels per acre average, while soybeans were closer to their 10-year average at 44 bushels per acre, according to Agricorp. Why it matters: The provincial crop insurance agency has some of the most solid crop production numbers in Ontario, as its members have to report their […] Read more
CBOT weekly outlook: Markets stabilize following USDA reports
CNS Canada — Corn and soybean contracts on the Chicago Board of Trade (CBOT) are catching up following the release of U.S. Department of Agriculture (USDA) reports last Friday. Corn “went down on Friday in response to the report. We couldn’t file through it all yesterday. So we actually ended up finding some short-covering and […] Read more
Manitoba corn rides strong yields through bearish market
CNS Canada — Even as large world supplies continue to weigh down the North American corn market, farmers in Manitoba can continue to hang their hats on strong yields, according to an industry expert. Manitoba’s average yield from the 2017 crop was 134 bushels an acre, according to Myron Krahn, president of the Manitoba Corn […] Read more
CBOT weekly outlook: Markets await USDA reports
CNS Canada — Updated production, stocks and acreage numbers due out from the U.S. Department of Agriculture on Friday should provide some nearby direction for U.S. grain and oilseed markets. “I can’t really get too bullish on the bean market with the large USDA estimates hanging over our heads,” said Terry Reilly of Futures International […] Read more
Ontario proposal aims to double ethanol blend in fuel
Government move would boost corn market in the province
An Ontario government proposal could dramatically increase the amount of Ontario corn going into ethanol production and help bring consistency to the basis price for corn in the province. The government has posted its proposal to increase ethanol content in the province’s gasoline from five to 10 per cent to the Environmental Bill of Rights […] Read more
CBOT weekly outlook: Corn, soy trade watching South America
CNS Canada –– Seasonal holiday trade could lead to some choppiness in the Chicago Board of Trade soybean and corn markets over the next week, although the general bias will likely remain pointed lower in the New Year, barring a weather scare out of South America. “There’s a reluctance to take on new positions ahead […] Read more
Harvestec owner Linamar set to buy MacDon
Canadian harvesting equipment company MacDon is set to join the ag arm of industrial equipment and parts manufacturer Linamar. Guelph-based Linamar Corp., which markets the Harvestec brand of corn harvesting headers in North America, on Thursday announced a “definitive” agreement to buy 100 per cent of Winnipeg-based MacDon and its group of companies for $1.2 […] Read more