CNS Canada — U.S. harvest operations are just getting started, which should keep soybean and corn futures at the Chicago Board of Trade under pressure over the next few weeks. Both commodities are expected to “grind a little lower” over the next few weeks, according to Terry Reilly of Futures International in Chicago. The U.S. […] Read more
CBOT weekly outlook: Harvest pressure to weigh on soy, corn
Some Ontario farms could get minimum wage support, Wynne says
Ontario Premier Kathleen Wynne opened the door to potential support for some farming businesses during a rapid increase to a $15 minimum wage by 2019. Wynne spoke to reporters on the opening day of the International Plowing Match in Walton Ont., and refused to move on the aggressive timeline for the adoption of a $15 […] Read more
CBOT weekly outlook: Corn, soy look for export demand
CNS Canada — The ongoing U.S. harvest is keeping a lid on rallies in both the corn and soybean markets. Corn futures on the Chicago Board of Trade chopped above and below the psychologically-important US$3.50 per bushel mark during the week ended Wednesday. Soybeans felt some pressure from fund selling and generally seemed to be […] Read more
Dry weather offers harvest progress, but depletes soil moisture
Alberta crop conditions as of September 12
Reading Time: 2 minutes Warm and dry weather conditions have prevailed across the province for several weeks, with only a few scattered areas experiencing frost in September. However, dry weather depleted the soil moisture, especially in the Southern and Central Regions where a large part of crops have already been harvested and soil does not have the cover. A map […] Read more
Manitoba’s soybean harvest well underway
Soybeans are being harvested in the heart of Manitoba’s traditional soybean belt, but as of Thursday, there were still fields a week or more away from the combine depending on the weather. The variability underscores differences in maturity among varieties and seeding dates. Dry, warm weather until now has helped ripen soybean crops across agricultural […] Read more
Alberta harvest reaches 32 per cent, some areas behind five-year average
Alberta crop conditions as of September 5
Reading Time: 2 minutes Harvest operations continue to benefit from the warm, dry weather which has encompassed much of the province. Light precipitation did fall in northerly regions but amounts were small causing minimal delays. Harvest progress has advanced to 32 per cent of the province completed primarily on the progress in the South and Central regions. Harvest progress […] Read more
Diesel prices could rise further in Harvey’s wake
CNS Canada — Diesel prices in Western Canada have risen by about six to seven cents a litre since Hurricane Harvey ravaged the petroleum-rich Texas coast. An expert with the fuel industry says harvest pressure will likely keep the diesel market from correcting downward, and push prices up a bit more. “So (the market) appears […] Read more
CBOT weekly outlook; Corn, soybeans holding above support
CNS Canada — Corn and soybean markets appear to be holding firm above major support levels as harvest approaches for much of the U.S. Futures have actually risen in recent days as large funds cover shorts ahead of next week’s supply and demand report, due out Tuesday next week from the U.S. Department of Agriculture. […] Read more
StatsCan production survey timing likely to skew results
CNS Canada — Production of Canada’s major crops is generally expected to be down on the year after an adverse growing season in many areas. However, actual production may not end up as low as the estimates set to be released by Statistics Canada on Thursday, due to the timing of the survey. The survey […] Read more
U.S. grains: Corn hits contract low ahead of big harvest
Chicago | Reuters — Chicago Board of Trade corn futures fell to contract lows for the fifth straight session on Tuesday on technical selling linked to the approaching harvest of a bumper U.S. crop, traders and analysts said. CBOT wheat futures also notched life-of-contract lows before reversing slightly higher on bargain buying while soy prices […] Read more
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