CNS Canada — Soybean futures on the Chicago Board of Trade fell lower during the week ended Wednesday, as expectations of a record-large harvest in the U.S. pushed values below the US$10 per bushel level. “I think going through US$10 futures in the November contract was very psychologically damaging,” said Brian Rydlund, a market analyst
CBOT corn, soybeans brace for USDA report
Malt barley prospects decline with excess moisture
CNS Canada — It looks like this year’s Canadian malt barley crop could be a lot smaller than originally expected. Canada’s 2014-15 barley production was estimated at 7.2 million tonnes by Statistics Canada. This compares to last year’s total of 10.2 million tonnes. That estimate, however, was before persistent rains swept across the Prairies during
East-west rail movement seen hurting Prairie oats
CNS Canada –– Inability to secure rail cars destined for the U.S., particularly Minnesota, is seen to be hurting oat producers as quantities of old crop continue to sit idle. Last year’s record-large crop continues to tie up Canada’s two main railways, which also face government regulations requiring them to carry over a million tonnes
Good weather, looming record harvest weigh on CBOT beans, corn
CNS Canada — Soybean futures on the Chicago Board of Trade fell lower during the week ended Sept. 3, despite some short-covering near the end of August, according to an analyst. The U.S. Department of Agriculture on Tuesday released its weekly crop progress report which pegged 72 per cent of the U.S. bean crop as
Prairies to see wet two weeks before cold sets in
CNS Canada — An ongoing battle between warm and cool air across the Prairies is expected to lead to a wetter bias across Western Canada in September, before cold air begins to establish itself toward the middle of the month. “As we get towards the end of the month the cool air will start winning
Strong prices lead to marked drop in Manitoba herd
For the second consecutive week, cattle volumes rose at auctions across Manitoba, as the doldrums of summer give way to increased market movement. Six auction marts held sales, with volumes ranging from 70 animals to 692. All told, around 1,850 animals made their way through the rings for the week ended Aug. 22, up 850
Flax production seen poised for modest gains
CNS Canada –– Canada’s flaxseed production is expected to exceed last year’s totals — a rare occurrence after last season’s bumper harvest for most crops. “It sounds like we lost a little bit of acres (due to flooding) but they’re still holding onto a pretty good forecast,” said Will Hill, president of the Flax Council
Weekend rain helps, hinders Prairie crops
CNS Canada –– Large amounts of rain were seen over the weekend in some parts of the Prairies — good for some crops, but not so good for others. According to Environment Canada, southern Saskatchewan saw high rainfall totals over the weekend with Cypress Hills Park receiving 78.2 millimetres of rain; Val Marie, 66.1 mm;
Trade’s crop estimates for 2014 optimistic despite flooding
CNS Canada — Despite summer flooding on the eastern Prairies and generally late seeding, 2014-15 crop production across much of Western Canada looks reasonably robust, several agricultural analysts say. Statistics Canada on Thursday will release its first survey-based production estimates for the country, using data gathered in late July during the height of flooding problems
Sunflower values steady despite summer hurdles
CNS Canada — Western Canadian sunflowers are seen continuing to draw steady prices, despite volatile conditions that throw many other crops up and down. Ben Friesen, commodity purchasing manager with Keystone Grain, said prices have generally hung around the 32-cent-per-pound range for several months now and he expects that stability to continue. “I don’t see
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