CNS Canada — Even with more certainty around trade with the U.S., Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P.
Trade certainty doesn’t translate to higher loonie
CBOT weekly outlook: Traders think soy yields less than USDA predicting
CNS Canada — After the wet weather the U.S. Midwest has experienced lately, traders aren’t exactly sold on the latest numbers from the U.S. Department of Agriculture (USDA). “We’re getting a lot of calls in and people talking about their beans are losing yield left and right, because the pods are splitting, beans are sprouting.
Canola futures rebound in wake of dollar’s exuberances
Weather again takes over as the major market influence
The week started off with a bang as trade news dominated the headlines and sent the loonie soaring. Canola took a hit on Monday, but spent the rest of the week ended Oct. 5 in the green. A tentative renegotiated North American Free Trade Agreement (NAFTA) deal was reached late Sept. 30. The new trilateral
Pulse weekly outlook: Canada’s sales a day-to-day business
CNS Canada — Canada’s pulse crop trade hasn’t stopped, even though its biggest customer, India, isn’t taking large amounts anymore. Instead, buyers are finding themselves having to take business one day at a time and become a bit more creative. “I think everyone is in the same boat; it’s not that the market has stopped.
Wet weather supportive for Manitoba’s cattle markets
A weaker loonie and higher pork prices haven’t hurt, either
Wet weather is holding producers back from rushing to sell their cattle in Western Canada, according to an analyst. “Volumes are a decent size, but they’re not burdensome by any means. (They’re) maybe slowed down a little bit by the weather and guys maybe reassessing if things are going to green up. It just takes
Feed weekly outlook: Snowy weather makes for larger feed supplies
CNS Canada — The question isn’t whether there’ll be enough feed grains this year in Western Canada, but when they’ll be ready — which is keeping the market steady currently. “The question is when will it be marketable? When will it be out of the field and in condition to market?” said Allen Pirness of
Falling U.S. futures pull down Prairie wheat bids
Minneapolis spring wheat dropped 10 cents on the week, and K.C. winter wheat by 14
Wheat bids in Western Canada were weaker for the week ended Sept. 28, taking direction from U.S. futures markets which finished the week lower as well. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $5-$11 per tonne, according to price quotes from a cross-section of delivery points compiled
ICE weekly outlook: Soyoil, not weather, main influence on canola
CNS Canada — Wet and snowy weather now plaguing the Prairies isn’t to blame for the canola market’s recent upswing, according to one trader. “Canola’s been firm but it really hasn’t shown any reaction whatsoever to the weather; it’s going up because bean oil’s going up and it’s lagging the bean oil gains by quite
Canadian canola could make its way into Australia
CNS Canada — A potential shortage of canola on Australia’s east coast has the oilseed industry there musing about the potential of importing Canadian canola to keep processing plants going. A story Tuesday on the Australian website Farm Online quoted Australian Oilseeds Federation CEO Nick Goddard as explaining the potential for Canadian canola to make
CBOT weekly outlook: USDA reports not expected to shake up markets
CNS Canada — Corn, soybean and wheat futures in the U.S. are awaiting the latest U.S. Department of Agriculture (USDA) reports, but traders aren’t expecting the reports to much of an effect on prices. USDA releases its quarterly grain stocks and small grains summary reports on Friday. “It basically wraps up the 2017-18 crop year
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