CNS Canada — Unexpected demand for corn and soybeans is supporting markets in Chicago, according to one U.S. trader, a trend he expects to continue. Soybeans — “It’s just not over yet,” said Sean Lusk, director of commercial hedging with Walsh Trading in Chicago. Chicago Board of Trade (CBOT) soybeans rallied in late April after
CBOT weekly outlook: Surprise demand propping up prices
CBOT weekly outlook: Turbulence expected for soybeans
CNS Canada –– Chicago Board of Trade soybeans are expected to face volatility in the week ahead, but also have upside potential, while corn should extend its rally, one U.S. analyst says. Soybeans Soybeans have the opportunity to trade above $11 per bushel in the July contract, depending on the movement of soymeal, said Terry
Lethbridge feed barley’s spring rally muted
CNS Canada — Lethbridge feed barley should be seeing its largest premium over fall and winter months, but so far this year the market’s spring rally has been limited. “This year all we’ve seen is a $5 to $10 per tonne move higher,” said Jim Beusekom, analyst at Market Place Commodities. “So it’s pretty minimal
Flax industry fighting to regain lost acres
CNS Canada — After losing ground to pulses this year, a flax industry group is working on ways to be competitive going forward. “It’s the year of the pulses, and certainly growers are taking advantage of good prices for pulses,” said Don Kerr, president at the Flax Council of Canada, referring to the United Nations
ICE weekly outlook: Canola’s fate rests on fund buying
CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, following strength in CBOT (Chicago Board of Trade) soybeans, but one analyst says it could be hard for the market to hold onto those advances. CBOT soybeans rallied Tuesday after the U.S. Department of Agriculture released bullish supply and demand
Minneapolis leads U.S. wheat futures trifecta
CNS Canada — Minneapolis wheat prices are gaining on those at other U.S. futures markets, as traders expect reduced acres this year. But the opposite is true for the Kansas City exchange as the expectation of high production weighs, and Chicago markets are moving on technical trading. Minneapolis Grain Exchange — “We’re keeping an eye
Mustard prices feeling squeeze from acreage data
CNS Canada — Mustard prices are moving lower in anticipation of higher acres in Canada this year, a market participant says. “I think the increase in acres off of last year will definitely have an influence on prices. I think it already has,” said Walter Dyck of Olds Products. Last year, Canadian farmers planted 345,000
Drought scout flags areas on Prairies
The western half of the region is at risk for low soil moisture
Parts of the Prairies could see limited soil moisture this growing season, as low precipitation and warm temperatures have compounded, a government specialist says. “We went into the fall in a fairly good position, but over the first part of the winter we received very low snowfall,” said Trevor Hadwen, agroclimate specialist with Agriculture and
CBOT weekly outlook: Corn, soy set for profit-taking pressure
CNS Canada — Soybeans and corn at the Chicago Board of Trade have seen weather-related support from traders in previous sessions, but one U.S. analyst expects prices to move lower with profit-taking. Soybeans — “We’re finally getting some weather stories here,” said John Weyer, director of Walsh Trading’s commercial hedging division. Heavy rainfall and flooding
Pork prices gain on seasonal demand, tighter numbers
CNS Canada — Western Canadian cash hog prices have been trending higher as supplies tighten and demand increases moving into the summer, two Prairie analysts say. “A lot of that has to do with lower slaughter numbers, higher pork cutout values,” said Brad Marceniuk, a livestock economist with the Saskatchewan government in Saskatoon. Hog numbers
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