CNS Canada — As the North American barbecue season winds down for another year, so too goes some strength in the pork market. For instance, cash slaughter-weight hogs in Saskatchewan, based on the Maple Leaf Signature #3 contract, averaged $162.55/cwt last week, down $7.95 (4.7 per cent) per 100 kg, according to Brad Marceniuk, a
Pork prices set to soften, analyst says
Chickpeas see strength in early harvest returns
CNS Canada — The chickpea harvest is slowly gathering steam across Western Canada with prices holding steady, despite the harvest pressure. In Saskatchewan, where the majority of the crop lies, one industry stakeholder estimated a fifth of the crop has been combined. “Chickpeas are 20 per cent complete or just nicely underway,” said Colin Young
Canola cash basis levels weaken as harvest rolls along
CNS Canada –– The cash market for Canadian canola continues to soften, with one commodity analyst pegging its range at $20-$30 under the price being paid for the near-term (November) contract. Last week’s bearish report from Statistics Canada put a damper on already-weak trade between farmers and companies, according to Errol Anderson, president of ProMarket
Fertilizer markets seen holding relatively steady
CNS Canada –– Prices for nitrogen and potash have weakened over the first half of 2015, but according to an industry analyst, the relationship between fertilizer prices and ag commodity prices is pretty much in line with the 10-year average. “I think we’ve seen some stabilization in fertilizer markets of late, which is promising,” said
Canola stocks increase dramatically in StatsCan report
CNS Canada –– It appears there’s a lot more canola in Prairie fields and bins than anybody thought. According to Thursday morning’s Stocks of Principal Field Crops report from Statistics Canada, the country had 2.3 million tonnes of canola in its stocks as of July 31 — 500,000 to one million tonnes more than analysts
ICE weekly outlook: Canola may drop more
CNS Canada — ICE Futures Canada canola futures drifted lower during the week ended Wednesday, chopping up and down amid volatile financial markets. “A lot of canola has to come to market, and there’s a lot of guys that are cash-poor and they don’t have storage, so they have to sell it,” said Wayne Palmer
Canola basis levels seen hanging steady
CNS Canada — Despite a turbulent start to the week for most commodities due to China’s stock market crash, basis levels for canola remain relatively attractive in Manitoba and much of the Prairies, according to an industry watcher. Canola growers have been receiving cash prices of roughly $10.50 in Manitoba and parts of Saskatchewan, said
Canola exports to feel pinch of Chinese market crash
CNS Canada — Canada’s canola exports will likely get dragged down by the sea of red ink flowing from Chinese markets, according to an analyst. “It will slow the export market. The whole canola engine has shrunk a little bit. Production will be down about 15 per cent or thereabouts,” said Errol Anderson of ProMarket
Diesel not expected to follow gasoline’s sudden jump
CNS Canada –– Despite a recent spike of up to 20 cents per litre more for gasoline in some Prairie centres, diesel isn’t expected to follow the same trajectory. “For every three cents that gasoline has gone up, diesel has gone up one,” explained Dan McTeague of GasBuddy.com in Toronto. On average, gas prices jumped
Western Prairies see low yields as harvest ramps up
CNS Canada –– This summer’s erratic weather has taken its toll on plant development in Alberta and parts of western Saskatchewan, according to crop-watchers in those areas. “We have heard that dry conditions have caused plants (peas) to slough off or have the tillers dry off and have lost those heads,” said Barry Yaremcio at
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