CNS Canada — The trickle-down effect of slumping crude oil prices is being felt in the Canadian biofuel market and softening demand for corn and soybeans. Traditionally, ethanol is cheaper than gasoline, which encouraged processors to blend more than the mandated amount, according to Andrea Kent, president of the Canadian Renewable Fuels Association (CRFA). “When
Crude’s slide hampers demand for Canadian biofuel
CBOT weekly outlook: Corn, soybeans stuck in trading range
CNS Canada — Corn and soybeans at the Chicago Board of Trade are stuck in a rut, according to one U.S. analyst, as fresh data revealed high supplies of both commodities. Corn – Since last week corn futures have shed 10.75 cents per bushel in the March contract, and 10.75 cents per bushel in the
CBOT weekly outlook: Corn, soybeans await fresh news
CNS Canada — Corn and soybean futures at the Chicago Board of Trade are waiting on fresh news for direction, according to one U.S. analyst, as both markets move on mostly technical trading short-term. “There’s some bullish influence, there’s some bearish influence, but at the end of the day, there’s just not much push either
Higher oat stocks expected, CBOT futures weak
CNS Canada — CBOT (Chicago Board of Trade) oats are relatively weak, but fairly priced from where one U.S. analyst sits — and traders are looking to an upcoming Statistics Canada report for indication on where to move next. “Just looking at the market in general, oats are somewhat cheap, but right now I think
Workers wanted: Agribusiness sector hiring
CNS Canada — More people have applied for jobs in Canada’s agribusiness sector as of late, according to an industry researcher, but some agricultural sectors still face a critical labour shortage. “People have said that they have received more resumes this year than in previous years,” said Debra Hauer, project manager at the Canadian Agricultural
Heavy producer selling pressures durum
CNS Canada –– Canadian durum prices are being pressured by heavy producer deliveries, according to one analyst, while demand is lagging last year’s pace. The durum market is being weighed on by larger-than-expected producer deliveries throughout January, said Jerry Klassen, manager of the Canadian office for Swiss-based grain trader GAP SA Grains and Produits. “I
CBOT weekly outlook: Corn expected to move higher, soy sideways
CNS Canada –– Corn futures at the Chicago Board of Trade have a bullish tone, according to one analyst, while soybeans are trading sideways to slightly higher. But any anticipated gains could be taken away as quickly as they come, by turbulence in outside markets. “I think there’s an opportunity to buy corn and sell
Currency analysts watch for interest rate decision
CNS Canada — The likelihood of the Bank of Canada cutting interest rates on Wednesday is already priced into the loonie, according to one analyst — but if the bank instead decides to hold rates steady, the beleaguered currency could move higher. The Canadian dollar was trading around US69 cents (US$1=C$1.45) near midday Tuesday, which
Hurdles still ahead for food-approved canary seed
CNS Canada — Canary seed has been ruled fit for human consumption by Health Canada — a victory for an industry working toward that goal for years — but it’s just one step of many to get canary seed onto plates. Canary seed, until now used almost exclusively as birdseed, has received novel food approval
CBOT weekly outlook: Soybeans see higher-value trading range
CNS Canada — Corn and soybean contracts at the Chicago Board of Trade are both rangebound, but beans are above the major moving averages, according to one analyst, as traders watch outside markets and weather for indications on where to move next. “I’m friendly, but I’m not looking for any explosions,” said Scott Capinegro, senior
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