CNS Canada – Western Canada’s mustard crops are in mostly good condition, one industry participant says, while new-crop prices for the commodity have moved lower. “I would say throughout the growing area it really looks quite good, almost exceptional as an average,” said Walter Dyck, general manager, seed division at Olds Products. He added that rain has […] Read more
Mustard crops in good condition despite hail, prices squeezed
Klassen: Feeder cattle market experiences thin trade
Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Many auction barns are in holiday mode and the shortened holiday week further shrunk market activity. In any case, feedlot operations on both sides of the border are focused on selling fed cattle and assessing current financial damage rather than bringing in replacements. The […] Read more
Canada’s canola, pulse acres rise at grains’ expense
CNS Canada — Canadian farmers adjusted their acreage ideas to seed more canola and pulses at the expense of grains, according to the updated Statistics Canada field crop area report released June 29. The adjustments were largely in line with trade guesses — and attention in the markets is quickly turning back to weather conditions. […] Read more
More canola and pulses, less wheat expected in Canada
CNS Canada — Canadian farmers likely seeded more canola and pulse acres than originally thought this spring, but less wheat, according to average trade estimates ahead of Statistics Canada’s next official survey results due out June 29. Poor returns per acre and frustrations over grading issues had some farmers backing away on wheat, said Jerry […] Read more
ICE weekly outlook: Room for additional downside in canola
CNS Canada –– ICE Futures Canada canola contracts moved lower on the week, and the market’s declines are likely not finished yet, one analyst says. Canola lost $42.90 in the July contract and $35.60 in the November contract in the week ended Wednesday, as a rout of fund selling pressured the market. “I think we’ve […] Read more
Lower feed costs weigh on supply-managed goods
CNS Canada –– Relatively soft feed grain prices over the past year mean producers of supply-managed commodities, such as milk and eggs, have also received lower prices for their products. Such is the interpretation of industry participants accounting for declines in the latest Farm Price Index data released by Statistics Canada. The livestock and animal […] Read more
StatsCan report confirms tightening canola, wheat supplies
CNS Canada — Canadian canola and wheat supplies are much tighter heading into the final months of the 2015-16 crop year than they were at the same point a year ago, according to Statistics Canada’s latest stocks report. StatsCan pegged the country’s canola stocks, as of March 31, at 7.49 million tonnes in its report […] Read more
StatsCan grain stocks data to confirm feed demand, production
CNS Canada — Just how much barley did Canadian cattle eat over the past winter? Will there be any old-crop wheat left over this year? And how much canola was really grown in 2015? Answers to these questions and more will be closer to being found when Statistics Canada releases its latest stocks data on […] Read more
Pressure on oat prices sends farmers scouting other crops
CNS Canada — Lukewarm prices for oats, coupled with dry conditions in Alberta and soggy conditions in Manitoba, are crimping acreage this year. Generally known as one of the hardier crops around, oats haven’t been setting any record highs on price charts, resulting in a forecast of 11 per cent less acreage in Canada. “The […] Read more
Rising durum acres offset by declining spring wheat
CNS Canada –– Increased durum acres in Canada may limit the upside potential as far as prices are concerned, but smaller spring wheat plantings will also limit the downside, according to a durum trader. Statistics Canada on Thursday pegged intended durum acres at 6.12 million acres, which would be up from 5.82 million in 2015. […] Read more
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