CNS Canada — Fababean prices in Western Canada have seen a boost lately due to global production problems, but according to a buyer this is a temporary situation. “Over the last 45 days we’ve saw this market spike, we’ll call it a buck a bushel that we’ve seen that increase from where we would typically
Pulse weekly outlook: Prairie fababeans spike on global production issues
ICE weekly outlook: Canola seen dropping further still
CNS Canada — As global oilseed overproduction and a trade war rages on between the U.S. and China, producers should get used to lower canola prices, according to one analyst. “For the last two years (we’ve been) moving in a $480-$530 type of range. My best guess is that when we get into 2019, (without
Pulse weekly outlook: India seen becoming a pulse buyer again
CNS Canada — After a year that saw India drop off the map as a pulse importer, some industry officials expect we could soon see India re-enter the market. “Seeding is going down, the monsoons are weak. So definitely they will need to import. I see that in the next few months we will start
Prairie wheat bids down with U.S. futures
CNS Canada – Wheat bids in Western Canada were lower for the week ended Nov. 8, following the lead of dropping United States futures markets. Average Canada Western Red Spring (13.5% CWRS) wheat prices were down slightly, falling by less than a dollar to C$2 per tonne, according to price quotes from a cross-section of
A tweet spikes the canola market
President Donald Trump’s revelation of a trade discussion with China caused brief excitement
The canola market started the week in a dismal situation, but that all changed Nov. 1 when a tweet sent the commodity markets flying. However, by the next day the canola market corrected and finished the week lower overall. South American seeding and the ongoing trade war between China and the United States saw the
CBOT soybeans recover after dismal USDA data
CNS Canada – The latest United States Department of Agriculture (USDA) reports surprised traders leading to an immediate sell-off for Chicago Board of Trade (CBOT) soybean contracts. “It’s a pretty interesting report to tell you the truth, but really the focus has been on the beans,” said Jack Scoville of Price Futures Group in Chicago,
Pre-booked corn pushing barley and wheat out of Alberta feedlots
CNS Canada – Cattle in “feedlot alley” in Lethbridge, Alta., won’t be seeing corn leave their diets any time soon, according to one feed grain buyer. “The marketplace booked up a fair bit of corn in advance of it, so through September, December and even out into March. So that’s all been done, that corn
Tight supplies could see diesel prices rise
CNS Canada – As supply tightens, farmers should consider stocking up on diesel before it’s too late, according to an analyst. “We think the market’s getting kind of overdone down here and this might be your best chance…if we do get a cold winter I think we’ll see these prices really pop,” said Phil Flynn
Manitoba cattle market better than rest of Prairies
Geography is working in favour of local producers, with more nearby market options
While cattle prices are starting to soften across most of Western Canada, Manitoba is finding itself as the exception. “In Manitoba things aren’t looking too bad. They’ve got some options there, their price has almost been a premium, or some of the strongest in Western Canada,” said Brian Perillat, manager and senior analyst at Canfax.
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
Cyber-Savvy Farmer
