Strong prices, low feed costs reviving pork industry

CNS Canada -- Recent strong prices, paired with low feed costs, are increasing profitability for Canadian hog farmers and helping to revive the pork industry. "We are seeing some of the idle barns that were taken out of production three years ago starting to come back into production," said Brad Marceniuk, livestock economist with Saskatchewan's[...]

CBOT weekly outlook: Soy headed above US$11 if weather stays wet

CNS Canada -- Soybean futures at the Chicago Board of Trade (CBOT) moved higher during the week ended Wednesday, and could be headed above the US$11 per bushel level if weather in the U.S. Midwest stays too wet, an analyst said. "If weather remains somewhat unfavourable we could see, over the medium term, prices maybe[...]


CBOT weekly outlook: Corn, soybeans trending sideways to lower

CNS Canada -- Chicago Board of Trade corn and soybean futures moved sharply lower during the week ended Wednesday, and are expected to trend sideways to weaker for the rest of the month. Traders are going to focus on spring weather and seeding conditions until more acreage and yield estimates for the 2015-16 crops are[...]

CBOT weekly outlook: Corn, soy under pressure amid abundant supplies

CNS Canada -- Chicago Board of Trade corn and soybean markets drifted lower during the week ended Wednesday and are expected to remain under pressure in coming weeks. The softness in both markets is likely because of large domestic and global supplies for corn and soybeans, said Ken Ball of PI Financial in Winnipeg. "Buyers[...]


CBOT weekly outlook: Corn, soy watching weather for direction

CNS Canada -- Chicago Board of Trade corn and soybean markets moved lower during the week ended Wednesday, but stayed within their recent trading ranges. "We haven't broken down out of a range yet, or broke to the upside," said Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Ill. "We are just flat and[...]

ICE weekly outlook: Canola moving into choppy spring pattern

CNS Canada -- The ICE Futures Canada canola market saw some large price swings during the week ended Wednesday, but ended relatively steady compared to prices seven days earlier. The market is starting to move into a nervous spring trading pattern, which kept prices relatively rangebound and should continue for the next three to four[...]


CBOT weekly outlook: Soybeans to break below US$9 before summer half over

CNS Canada -- The Chicago Board of Trade (CBOT) soybean market showed some short-covering-related firmness during the week ended Wednesday, but the bias is still pointed lower for the oilseed. "We could actually see the beans trade down to the low $9, then to an $8 handle. Maybe $8.90 would be my initial target for[...]

CBOT weekly outlook: More downside possible for corn, soybeans

CNS Canada -- Chicago Board of Trade corn and soybean futures moved sharply lower during the week ended Wednesday, and could see more downside going forward. "As long as crude oil keeps on grinding lower, the U.S. dollar remains fairly strong, I think that prices have an opportunity to continue to grind lower as long[...]


CBOT weekly outlook: Strength in corn, beans to be short-lived

CNS Canada -- Corn and soybean futures on the Chicago Board of Trade ended mostly higher during the week ended Wednesday; soybean futures saw slight gains, while advances in corn were more exaggerated. A sharp rally Tuesday lifted both markets to end higher for the week, with speculative short covering amid temporary U.S. dollar weakness[...]

Trade expects mostly smaller crops in StatsCan report

CNS Canada -- Statistics Canada will release its first survey-based Canadian crop production estimates for 2015-16 on Friday, and figures for most major crops are expected to be down compared to last year. Yields are likely to be all over the map as weather conditions varied vastly from region to region during the growing season.[...]