Asian taste for western diet boosts Australian wheat

CNS Canada – Vietnam has quietly grown to become Australia’s second largest export destination for wheat. Driving the demand is the iconic banh mi, a Vietnamese baguette-style sandwich filled with pork or chicken and spices. Vietnam imports 1.5 million tonnes of Australian wheat, based on 2016 figures, compared to 380,000 tonnes 10 years ago, said[...]

Argentine wheat seedings slowed by rain

CNS Canada – Argentina’s hope for a near-record wheat crop have been dampened by excessive rain and below-average seedings. With planting nearly complete, the United States Department of Agriculture office in Buenos Aires has estimated the Argentine wheat crop at 12.8 million acres. That falls about one million acres below the official USDA forecast of[...]


U.S. bee numbers growing

CNS Canada – Honeybee populations are rising in the United States, turning around a recent trend of declines attributed to a set of factors know as colony collapse disorder. It’s estimated that 84,430 hives were lost to the disorder in the first quarter this year. That’s down 27 per cent from a year earlier. Year-over-year[...]

Early harvest beginning in Saskatchewan

CNS Canada – Crops are ripening quickly across the province with the majority ranging from poor to good condition, according to a report from the Saskatchewan government. Hot and dry weather has stressed many plants with some storm damage also being recorded during the week ended July 27. The south and central areas are extremely[...]


Ag sector equity rises in 2016

CNS Canada -- Agriculture sector equity rose slightly in 2016, according to a Statistics Canada balance sheet on the industry. Farm sector equity totaled $500.3 billion for the year ending Dec. 31. That's a 4.5 per cent increase, or $21.6 billion, from the same period a year ago, according to the report released Wednesday. Farm[...]

It’s Your Business

Canola futures on the ICE Canada trading platform posted some modest advances during the week ended Dec. 3, with some of the upward momentum coming from the general strength displayed by the outside oilseed markets.CBOT soybean and soyoil values both posted some significant advances on the week with new contract highs also established in Malaysian[...]


China’s Tight-Money Policy Drags Down Commodities

Canola futures on the ICE Futures Canada trading platform maintained an upward price trend for much of the week before the Chinese government’s decision to keep a tight monetary policy sent world currencies into a frenzy and sparked a massive speculative sell-off of commodity positions.The speculative liquidation essentially sent CBOT (Chicago Board of Trade) soybean[...]



New step in Port of Churchill’s potential sale

Commodity News Service Canada – Ownership of the Hudson Bay rail line and shuttered Port of Churchill may change soon, as the port’s current owners and a collection of northern First Nations have inked a formal agreement, according to a company press release. Omnitrax, the rail company that currently owns the northern Manitoban port, has[...]

ICE weekly outlook: Canola rangebound amid bearish tone

CNS Canada -- ICE Futures Canada canola contracts eked out minor gains for the week ended Wednesday. The increase, however minimal, may have come as welcome relief to a market caught in the grip of large global oilseed supplies for several weeks. "Canola will hang in here until there is a bullish sentiment that can[...]