MarketsFarm – Even though harvest in Canada is months away, major issues with shipping by container out of the country needs to be resolved, according to Greg Northey, vice-president of corporate affairs for Pulse Canada and the spokesperson for the Coalition to Fix the Container Crunch. “The worry in the fall is if we have
Shipping container issues make Canada uncompetitive
CBOT weekly outlook: Fears over soy scarcity now gone
MarketsFarm – Soyoil prices at the Chicago Board of Trade (CBOT) have been tumbling of late largely due to the markets no longer being afraid of already tight global supplies becoming scarcer, according to Sean Lusk of Walsh Commercial Hedging Services in Chicago, Ill. Lush explained that the South American soybean crop wasn’t as bountiful
Price declines not as severe in canola
Uncertainties remain for Canada’s new canola crop
For the most part, the week ended June 16 could have been much worse for canola, as declines should have been more severe. From June 9 to 16 the old-crop July contract lost $45 per tonne, while new-crop November gave up $38. One reason for the decline was a general sell-off in the global vegetable
ICE weekly outlook: Other factors trump seasonal pressure on canola
MarketsFarm — Despite the losses canola and other crops have incurred during the week of June 13, prices have remained rather high, according to a trader. “Even though we got some big crops brewing in North America, the prices are not falling apart. There are just enough things in there to keep these markets a
Prairie cash wheat: Spring wheat up, durum pulls back
MarketsFarm — Wheat prices on the Canadian Prairies were mixed during the week ended Thursday. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats incurred moderate gains, as Canada Western Amber Durum (CWAD) fell back. Good upticks in the U.S. wheat complex fueled price increases in Western Canada, along with a weaker
June USDA report includes few changes or surprises
U.S. corn, soybean carryout projections down from May's
MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop
Feed weekly outlook: Prices slip slightly
MarketsFarm — There has been scant movement in feed grain prices over the last week, according to Susanne Leclerc of Market Master Ltd. in Edmonton, who noted demand has backed off a little. Buyers have stepped away following rains throughout much of the province, including the drought-stricken south. In turn, she said, prices “softened slightly.”
Wheat values fall hard
Canola, soy and corn values got caught in that spillover
Despite the strong unlikelihood of an agreement between Russia and Ukraine on exporting the latter’s grain out of its occupied and blockaded Black Sea ports, the suggestion of talks sent wheat futures tumbling over the last week. Heading into the Memorial Day long weekend in the U.S., the wheat complex made some moderate gains. The
Pulse weekly outlook: Lentils planted, now it’s wait-and-see
MarketsFarm — As planting of lentils on the Canadian Prairies has pretty much wrapped up for 2022, prices have been holding firm, according to Colin Young of Midwest Grain Ltd. at Moose Jaw. “In pulses right now, this is the naturally quiet time of the year. We’re ramping old-crop into new-crop,” Young said. “Prices are
‘Petro-plectic’ anger rises toward fuel prices
Fuel refiners seen booking 'epic' revenues
MarketsFarm — Fuel prices are very likely to continue to increase with summer approaching, according to Tom Kloza, the Florida-based global head of energy analysis for Oil Price Information Services. “I wish I could say there’s a light at the end of the tunnel, but I would say right now, it’s just a flicker,” he
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