CNS Canada — A lack of available barley and steady rise in feed corn prices has pushed the market higher in southern Alberta. According to Jim Beusekom of Market Place Commodities at Lethbridge, barley prices have risen from $220 per tonne, since the start of February, to the current price of $230 per tonne. “The
Feed weekly outlook: Prairie feed grains following corn’s lead
ICE weekly outlook: Canola rides soymeal wave higher
CNS Canada — ICE Futures Canada canola contracts rode the coattails of a surging soymeal market during the week ended Wednesday, but one big rain in Argentina could halt the rally in its tracks. “If there’s more rain in the forecast we will lose ground,” said Mike Jubinville of ProFarmer Canada. “The attitude is the
Canola rides out turbulence in world financial markets
A lower loonie lent support to Canadian canola demand
It was a turbulent week for world financial markets but canola shrugged off much of the volatility and held firm, thanks in large part to weakness in the Canadian dollar. In fact, the market even showed a bit of bullishness as the front-month March contract broke through the psychologically important $500-per-tonne mark during the week
CBOT weekly outlook: Soy trade watching soymeal commitments
CNS Canada — Soybeans on the Chicago Board of Trade continue to climb on charts due to worries over dry soil conditions in Argentina and strength in soymeal — but that could change soon. Terry Reilly of Futures International in Chicago said traders are keenly watching to see soybean meal commitment numbers in Thursday’s U.S.
Pulse weekly outlook: Industry adapting to new market reality
CNS Canada — Pulse growers are facing new questions on the Prairies these days as a trade impasse with India forces many farmers to prepare for new market realities. Prime Minister Justin Trudeau next week will visit India, where the thorny subject of its levies on Canadian pulse exports will be raised. India imposed the
Stronger loonie, feed costs drag on prices at auctions
U.S. cattle inventory grew, but not as much as expected
Manitoba cattle prices stayed under pressure during the week ended Feb. 2, but there are signs that may start to change. “Hopefully (prices are) near a near-term bottom and should pick up heading into the spring,” said Brian Perillat, senior analyst with the Canadian Cattlemen’s Association. Prices at the province’s eight major auction marts were
Feed weekly outlook: Alberta prices see wide range
CNS Canada — A tale of two markets is emerging in Alberta as feed users in the south take advantage of cheap corn trucked in from Manitoba, while users farther north pay higher prices. “As far as Red Deer north goes, it’s quite different than feedlot alley,” said Joseph Billett, general manager of Agfinity in
ICE weekly outlook: Rain in Argentina could provide direction
CNS Canada — ICE Futures Canada canola contracts finally broke through the psychologically-important $500 per tonne mark during the week ended Wednesday. That could be a fleeting achievement, however, depending on the chances for rainfall in Argentina and the next U.S. Department of Agriculture report. “If rain comes, soybeans could go down to US$9.60 a
Canadian canola stocks jump
CNS Canada — Stocks of Canadian canola have increased substantially, according to the latest estimate from Statistics Canada. Total stocks of oats, lentils and peas also rose, but not by as much as canola. StatsCan on Monday pegged canola stocks, as of Dec. 31, 2017 at 14.15 million tonnes, up from the 2016 total of
Rising diesel could surge with U.S. infrastructure plan
CNS Canada — Diesel costs in Western Canada are roughly eight to 10 cents higher on average than anytime in 2017, and an industry expert warns that gap could grow even more with a potential surge of U.S. construction. “I think we’re already seeing more evidence of a robust, consumption-driven U.S. as more disposable income
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