CNS Canada –– The ongoing U.S. harvest has pressured CBOT corn and soybeans in recent sessions, but support for the commodities will ramp up long-term, moving prices higher, according to a U.S. analyst. “I think you’re going to see demand improve and you’re going to see weather problems in South America emerge,” said Sean Lusk,
CBOT weekly outlook: Corn, soybean prices expected to rise
Cattle futures recover, but aren’t about to jump over the moon
CNS Canada — Cattle markets have seen recovery after taking a nosedive in earlier sessions, but prices likely won’t revisit summer highs, according to one analyst. After hammering sharply lower, Chicago Mercantile Exchange live cattle futures saw recovery on Friday, and extended gains into Monday. As of 2 p.m. CT on Monday, spot December live
Prairies see high-protein wheat crop, but few premiums
CNS Canada –– Every year is a different story for wheat crop quality and protein levels — but the saturation of high-protein wheat in the market may mean fewer premiums for Prairie growers this year. The premium price for high-protein wheat has eroded to the point where there’s a shift from grain companies in the
CBOT weekly outlook: Corn, soy move on weather, interest from China
CNS Canada –– It’s a game of follow-the-leader in corn and soybean markets at the Chicago Board of Trade, according to one analyst — and short-term, neither looks especially bullish. “Beans have been the leader, corn is the follower, because we’re getting into the teeth of harvest,” said Scott Capinegro, senior broker for HighGround Trading
World weather worth watching as winter hits Canada
CNS Canada –– Harvest is wrapping up in Western Canada, but seeding is just starting in other parts of the world. Here are a few of the top market influencers traders and farmers are watching heading into winter. El Nino in the Southern Hemisphere – The Southern Hemisphere is starting its wheat growing season, said
Consumers want sustainable beef, but defining that may be murky
CNS Canada –– McDonald’s plans on using sustainable beef by 2016, and intends on sourcing at least part of it from Canadian producers. The fast food giant’s latest step toward sustainability is to define what exactly that means. Defining sustainability is important, according to a beef brand officer, because in some cases it’s something consumers
Manitoba hail, reseed damage claims above average
CNS Canada –– Farmers have seen more weather-related hardships this year than normal, made evident by an above-average amount of hail and reseed damage claims. Summer hail and frost at the end of June and the beginning of July took a toll on crops, leading to insurance claims above the five-year average. Manitoba Agricultural Service
CBOT weekly outlook: Corn, soy rest on USDA report
CNS Canada –– The short-term fate of corn and soybean futures at the Chicago Board of Trade rests on an upcoming supply and demand report, according to one analyst. Long-term, traders are watching global weather patterns, which could put crops at risk. The U.S. Department of Agriculture (USDA) will release its monthly World Agricultural Supply
Man. edible bean harvest wraps up, hail damage evident
CNS Canada — Manitoba’s edible bean harvest is done, but markets are sitting little-traded and offering low prices to producers, analysts say. The effects of hail storms in south-central Manitoba are now apparent, said Dennis Lange, a farm production advisor with Manitoba Agriculture, Food and Rural Development at Altona. “It’s going to affect yields and
Federal candidates debate supply management as TPP talks continue
Opposition candidates repeatedly asked Agriculture Minister Gerry Ritz why supply management is on the table
Representatives from Canada’s main parties met Wednesday to discuss agricultural policy ranging from risk management to transportation and rural infrastructure ahead of the Canadian federal election. But the hot button issue of the debate was supply management. As the debate was unfolding at the Château Laurier in Ottawa, leaders from the 12 Pacific Rim countries
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