Commodity News Service Canada / Solid U.S. demand and interest from China are keeping Canadian forage exports firm, but higher transportation costs and competition from the U.S. Midwest may limit the upside potential, says Wayne Digby of the Canadian Forage and Grassland Association. The easing of drought conditions in the southern U.S. could lessen demand, but […] Read more
Commodity News Service Canada / The loonie will likely remain slightly below parity with the U.S. greenback as continued global economic uncertainty will weigh on the Canadian currency, predicts currency analyst Greg Moore. The FX Strategist with TD Securities in Toronto expects the Canadian dollar to trade around 97 cents in the second quarter and around […] Read more
Demand for fertilizer by western Canadian farmers looks solid ahead of spring planting. Supportive commodity prices are encouraging farmers to buy fertilizer in order to maximize yield potential in their crops this spring. However, challenges remain in some areas due to last spring’s wet conditions. Doug Chorney, president of the Keystone Agricultural Producers in Manitoba, […] Read more
Western Canadian flaxseed cash bids have advanced in the past month, with fresh export demand along with tight supply concerns contributing to the firmness, said an industry participant. “The Chinese market has really helped out western Canadian flax prices this year,” said Chuck Penner, an analyst with Left Field Commodity Research in Winnipeg, Manitoba. The […] Read more
Flat demand for Canadian sunflower seed, along with tight supplies and reluctant sellers, are keeping western Canadian sunflower bids within a narrow range, according to industry participants. “It’s kind of at a stalemate to a certain degree for prices despite what little sunflower is out there,” said Roger Kissick, sunflower analyst with Linear Grain. Grant […] Read more
Don’t expect big changes in the value of the Canadian dollar over the next month, says Shaun Osborne, a currency expert with TD Securities in Toronto. The loonie should stick in the 96- to 99-cent range (US) over the next two to four weeks, said Osborne. Europe and its ongoing debt concerns will continue to […] Read more
Strong prices and movement at the various auction marts across Manitoba are expected to continue in the new year as activity resumes after the Christmas holiday season. “Indications are that the few cattle that have been publicly traded out there are fully steady,” said Rick Wright, a cattle buyer for Heartland Order Buying Co., adding […] Read more
Drought dents Brazil crops Sao Paulo/Reuters/ Two important Brazilian corn and soy producers Parana and Rio Grande do Sul made sharp cuts to crop forecasts Jan. 5 after weeks of harsh, dry weather dented prospects for a soy crop that as recently as this week some still expected to be a record. Brazil’s biggest soy […] Read more
Fertilizer prices across Western Canada are considerably higher than earlier this year. However, some price relief may be on the way. Fertilizer prices have really stayed high all through the season, said Doug Chorney, president of the Manitoba Keystone Agricultural Producers Association. Prices over the past 12 months in Manitoba have increased for some nitrogen […] Read more
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