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Global fertilizer market prices vary

CNS Canada -- A mixed bag for fertilizer prices is expected over the next few months, as some continue to increase while others should drop, according to an analyst. "The fertilizer market has remained pretty firm over the past six months... we had kind of anticipated some declines across all the different nutrients, (but) they've[...]

CBOT weekly outlook: Brazil, China drive U.S. commodities

With little data filtering out of the U.S. Department of Agriculture (USDA), news from Brazil and trade negotiations with China are currently driving futures contracts on the Chicago Board of Trade (CBOT). "It's Brazilian weather over there and the Chinese negotiations, which sometimes are on and sometimes aren't," said Jack Scoville of Price Futures Group[...]

CBOT weekly outlook: Markets quiet heading into holidays

CNS Canada -- Traders aren't expecting much to move corn and soybean markets in upcoming weeks as the U.S. moves into holiday mode. "These markets are going to just be very choppy and of course we're going into December and nobody likes to work (during the holiday season). There's more parties, Washington goes on Christmas[...]

CBOT weekly outlook: USDA reports not expected to shake up markets

CNS Canada -- Corn, soybean and wheat futures in the U.S. are awaiting the latest U.S. Department of Agriculture (USDA) reports, but traders aren't expecting the reports to much of an effect on prices. USDA releases its quarterly grain stocks and small grains summary reports on Friday. "It basically wraps up the 2017-18 crop year[...]

Feed weekly outlook: Prairie market focused on weather

CNS Canada -- Western Canadian feed grain buyers aren't concerned if they'll have crops to buy at the end of the summer, but they are concerned what the quality of those crops will be. "At this point it's a weather market. So we kind of wait and see as it unfolds and respond accordingly," said[...]

ICE weekly outlook: ICE canola could go lower still

CNS Canada – It’s a dismal outlook for the ICE canola market as it has hit new yearly lows and could go lower still, according to one trader. “Unfortunately the news for the moment doesn't seem to be overwhelmingly bullish news. It continues to be a little bit on the tad negative side,” said Keith[...]

CBOT weekly outlook: Corn, soy, wheat markets stabilizing

CNS Canada -- Corn, soybean and wheat markets at the Chicago Board of Trade are starting to stabilize after a wild week. "Obviously we've been down a little bit here this week. We're recovering some here today, the wheat's doing the biggest recovery of all," said Jack Scoville of Price Futures Group in Chicago. Markets[...]

Global fertilizer prices set to fall

CNS Canada -- Global fertilizer demand has been higher, leading to increased prices, but with more capacity coming online prices should start to fall, according to an analyst. "Urea prices globally have moved a little higher over the past few months. They've been relatively volatile, that's just kind of a function of some better than[...]

CBOT weekly outlook: Corn, soy markets see little action

CNS Canada -- One trader isn't expecting much movement on Chicago Board of Trade (CBOT) corn and soybean markets until harvest starts in the U.S. Midwest. "I'm looking (past) all the (information) that we see every day and hear. We wait until the combines roll, they tell you the truth," said Scott Capinegro of Barrington[...]

CBOT weekly outlook: Traders think soy yields less than USDA predicting

CNS Canada -- After the wet weather the U.S. Midwest has experienced lately, traders aren’t exactly sold on the latest numbers from the U.S. Department of Agriculture (USDA). “We're getting a lot of calls in and people talking about their beans are losing yield left and right, because the pods are splitting, beans are sprouting.[...]

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