CNS Canada — The ICE Futures Canada canola market could go on a choppy ride this summer as weather challenges and the topsy-turvy world of international trade battles threaten to fill the next few months with volatility. “Particularly in the summer months, Trump issues and weather issues will be the primary drivers; both are hard
ICE weekly outlook: Canola braces for turbulence
Flea beetles take advantage of late seeding
CNS Canada — A heat wave in late May and a slow start to the planting season have created some ideal conditions for flea beetles. Pest specialists in Saskatchewan and Manitoba say farmers have already begun to spray for the beetle in certain locations. “They’ve been getting good conditions to feed under, they like it
Dry conditions on Prairies underpin canola trading
China’s interest in U.S. soy is both bearish and bullish
Contracts on the ICE Futures Canada canola complex inched their way higher during the week ended May 25, momentarily threatening to break above major chart resistance at $540 per tonne until traders stepped in and took profits before Friday’s close. Many parts of Western Canada are badly in need of more rain, underpinning trading in
Bison prices rise with market access
CNS Canada — Prices for Canadian bison are slowly gaining ground as the industry continues to try and expand its global footprint. While the U.S. remains Canada’s largest export market, efforts have been made to increase access to Mexico, Europe and some parts of Asia. Last year, roughly 11,500 animals were slaughtered domestically while 17,600
Beef supply expectations drag on Manitoba cattle auctions
Spring seeding work takes priority for many producers
The looming glut of fat cattle expected to descend on the North American meat market this summer is already starting to be felt on the price boards of Manitoba auction marts. Bids for heavier-weight cattle were especially under pressure during the week ended May 17, according to participants. “Heavy cattle have been feeling the pressure
Feed weekly outlook: Barley prices hang tight, await new crop
CNS Canada — The thought of sizzling days near the end of May 2017 is helping keep feed barley prices in Western Canada well supported, according to a market-watcher. “There is that memory of last year’s drought and seeing temperatures in the high 20s and 30s at the end of May,” said Allan Pirness of
CBOT weekly outlook: Soy poised for move higher, waiting on China
CNS Canada — Soybean contracts on the Chicago Board of Trade could be poised to rally, if and when China and the U.S. reach an agreement over trade issues. According to Terry Reilly, a senior commodity analyst with Futures International in Chicago, people are starting to get excited over rumours a deal may be close.
Despite government reports, canola remains rangebound
A new supply/demand report loads weights on U.S. futures
Canola contracts continued to chop around the $525- to $535-per-tonne range during the week ended May 11, despite some recent government reports that were deemed bullish for the market. The U.S. Department of Agriculture on May 10 released its monthly supply and demand report, in which it lowered its estimate of the ending stocks for
CBOT weekly outlook: Corn, soy sinking below major support
CNS Canada — Corn and soybean futures on the Chicago Board of Trade softened in value during the week ended Wednesday and could be set to drop even more as growing conditions improve in the U.S. Rainy conditions across the U.S. Midwest and Plains have pressured prices in recent days. The July corn contract sunk
Pulse weekly outlook: Good start despite dry conditions
CNS Canada — Dry soil conditions persist across many areas of Western Canada but the outlook for pulse crops seems fairly promising in one specialist’s view. “For the pulses, seeding has been going fairly well,” said Daphne Cruise, crops extension specialist with Saskatchewan’s provincial Agriculture Knowledge Centre in Moose Jaw. “A lot of the pulses
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