CNS Canada — Buyers, sellers and processors in Canada’s pulse sector are holding steady as an act of safeguarding themselves during a precarious time in the growing season. “People are just kind of buying what they need,” said David Newman of Commodious Trading, a Victoria-area company dealing with international trade and processing of lentils, peas,
Pea, lentil buyers digest lower values, weather
Cattle prices hold steady, strong on lower volumes
Feedlot profitability is supporting demand, for now
Prices for cattle at auction marts in Manitoba were steady on the week, and holding strong overall, though seasonally low volumes mean fewer ranchers are reaping the benefits. Manitoba auction marts are seeing strong cash prices, as profitability in the feedlot sector drives demand. Prices for non-fed cows and bulls have stayed steady on the
CBOT weekly outlook: Corn, soy up ahead of USDA data
CNS Canada — Corn and soybeans at the Chicago Board of Trade advanced ahead of a key report due out at the end of the week — but from there, it’s back to weather-watching, one analyst says. The U.S. Department of Agriculture is set to release its supply and demand estimates on Friday. “There are
ICE weekly outlook: Uncertainty to underpin canola in short term
CNS Canada — ICE Futures Canada canola futures advanced on the week and are likely to keep near-term support, one analyst says, as traders mull over the question: Just how much canola is out there? “There’s still a lot of uncertainty about canola numbers; we’re still not certain about how big the last crop was;
CBOT weekly outlook: Corn, soy rangebound
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are expected to hold near-term ranges, as traders decide where to lay their focus amid a mix of factors. “Weather will dominate; that’s no surprise to anybody,” said Sean Lusk of Walsh Trading. That influence is likely to have a supportive effect
ICE weekly outlook: Weather to spark ‘tug-of-war’ in canola
CNS Canada — ICE Futures Canada canola traders are keenly watching Prairie weather, with variability expected to keep the market choppy in the near term, one analyst says. “There’s a little tug-of-war, back and forth; traders watch as every cloud goes across the Prairies,” said Keith Ferley, commodity futures advisor at RBC Dominion Securities in
India keeps Canadian lentil market at standstill
CNS Canada — Lentil prices are largely stagnant, one market participant says, as key buyer India sits on the sidelines. And from the outside, stocks appear ample, but new-crop production could shift the dynamic of Canada’s lentil market. Statistics Canada stocks data as of March 31, 2017 pegged lentil supplies at about 1.1 million tonnes,
Cattle destined for grass going to auction instead
Strong demand and rising futures boost sale prices
Prices for cattle at auction marts across Manitoba were sharply higher on the week, leading to an influx of cattle, touching “unheard of” levels in some areas, according to one local auctioneer. “Quite often, by the time we’re at the end of April we’re getting into those 400-, 500-head sales,” said Allan Munroe of Killarney
StatsCan data confirm tight canola supplies
CNS Canada — Grain and oilseed stocks data released Friday from Statistics Canada were bullish for canola and wheat — though analysts suggest the effects of the report on the market may be short-lived. Figures for barley, lentils and peas were above year-ago levels, but movements in those markets are more likely be driven by
Prairie seeding off to ‘shaky start’
CNS Canada — Western Canada will likely see some favourable seeding conditions in the short term, one meteorologist says, though wet pockets in some areas need longer to dry out. “We are getting off to a little bit of a shaky start in some spots, but it looks like the weather pattern is going to
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