Canadian hog prices on rebound

CNS Canada -- Improving trade relations and the emergence of swine fever in China have made their presence felt on the Canadian hog market. Weekly signature No. 5 base slaughter weight cash hog prices averaged $117.83 per 100 kg as of Friday, up by roughly $15 over the past two weeks. Those numbers are a[...]

ICE weekly outlook: Pressure builds on canola as yield outlooks vary

CNS Canada -- ICE's November canola futures look poised to continue chopping around between the $490-$500 per tonne mark, as uncertainty over yields in Western Canada sows seeds of doubt throughout the trade. "Yields that have been coming in suggest the crop will be bigger than the (Statistics Canada) estimate," said Ken Ball of PI[...]


CBOT weekly outlook: Spec selling pressures corn, soy

CNS Canada -- A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture[...]

Dwindling diesel supplies could boost price

CNS Canada -- Strong global demand and a looming North American harvest could send diesel prices higher in coming months. According to one energy analyst in Chicago, farmers may want to buy some fuel before prices get too high. "We're telling our people to hedge some of your exposure, because we do think that, barring[...]


ICE weekly outlook: Canola futures brace for harvest pressure

CNS Canada -- ICE Futures canola contracts continued to hang above the psychologically-important $500 per tonne mark during the week ended Wednesday, but the real test could be in the coming weeks as harvest kicks into full gear. The front-month November contract rose $2.10 during the week to $506.90 per bushel by Wednesday’s open. As[...]

Enjoy stable diesel market while you can, analyst says

CNS Canada -- The short-term outlook for the diesel market in North America calls for current prices to remain largely untouched through spring planting -- but it could change drastically after that. According to Tom Kloza of the Oil Price Information Service in New Jersey, prices for diesel could even get higher than crude oil.[...]


CBOT weekly outlook: Heavy rains threaten soybean quality

CNS Canada -- Heavy rains across the U.S. Midwest and a murky outlook on international trade appear ready to drive down the soybean market in the lead-up to next week's supply and demand report. The U.S. Department of Agriculture will release its monthly estimates on Sept. 12 and traders have already started to take positions.[...]

Hog prices steadying as barbecue season nears

CNS Canada -- With barbecue season on the horizon, prices for Canadian pork rose during the week ended April 27, breaking out of their month-long fall. The timing could be perfect, as negotiators have already begun working on improving trade relations and cancelling proposed tariffs on Chinese imports of U.S. pork and other goods. "Prices[...]


CBOT weekly outlook: Corn, soybeans look to wheat for support

CNS Canada -- Corn futures on the Chicago Board of Trade chopped around for much of the week ended July 25, but could be poised to move higher. There are ideas a trade deal between the U.S. and Mexico could be reached over some agricultural commodities such as corn, according to Jack Scoville of Price[...]

ICE weekly outlook: Dry weather keeping canola from more downside

CNS Canada -- A lack of rain in Western Canada may be the only thing keeping canola futures prices from dropping much further than they have already. The dominant November contract was above $525 a tonne in late June, but has since fallen to the $490 mark as of Wednesday. Global trade disruptions and a[...]