CNS Canada — The biggest factor in Chicago Board of Trade (CBOT) corn and soybean trading has been the recent volatility in global markets. Once those concerns diminish, however, commodities will start moving with weather again — which is mostly bearish, according to one analyst. “Our markets, really, if you look at it, have fared
CBOT weekly outlook: Corn, soy to return to weather-based trading
Rain in Sask., Man. stalls harvest, causes crop damage
CNS Canada — Rain in Manitoba and Saskatchewan has stalled harvest and caused crop damage, but moving forward, conditions should improve, two industry specialists predict. Shannon Friesen, a regional crops specialist with Saskatchewan Agriculture in Moose Jaw, said recent rains have delayed harvest and stalled maturity in some crops. Producers have found peas and canola
Higher-quality wheat likely in store for Prairies
CNS Canada –– Western Canadian farmers are seeing higher-quality wheat crops this year, which would help meet pent-up demand for quality within the market. However, producers might not reap the rewards as much as they would like, one market analyst warns. Wheat buyers will be looking for better-quality and higher-protein wheat, since Canada disappointed on
Chinese demand seen eating into pork supply glut
CNS Canada –– Canadian pork producers have seen increased demand from China in recent weeks, which could boost prices in coming months. Despite turbulence in the China’s economy, an industry specialist says exports should be little affected. Pork prices are sensitive to economic change to an extent, but not as much as non-food markets, said
Ships’ sailing season starts soon at Churchill
CNS Canada –– Manitoba’s Port of Churchill is almost ready to start moving grain this season, as ships are expected to go out within the next 10 days, the port’s operator said. “The elevator is starting to fill up and the rail cars are lining up for delivery on time. We’ve got ships predicted to
CBOT weekly outlook: Soy bearish, corn bullish ahead of tour results
CNS Canada — Chicago Board of Trade (CBOT) corn and soybean traders are eagerly awaiting the results of a multi-state crop tour, while concerns over Chinese demand are also overhanging the markets. The Pro Farmer Midwest Crop Tour’s full results are due to be released Friday. So far the tour has been bullish for corn,
Short-term barley prices seen likely to downtrend
CNS Canada — Feed barley prices are moving slowly with hand-to-mouth buying as the crop moves into harvest, when already low prices will likely hit a downtrend. However, prices will likely recover into autumn, depending on how farmers choose to act, from where one market analyst sits. “If the farmers aren’t willing to sell at
Cooler temperatures, precipitation in store for Prairies
CNS Canada — Alberta crops could be put at risk during the last week of September due to cooler weather, but for the most part, a U.S. meteorologist expects average to slightly above-average temperatures for the Prairies during harvest. Farmers will need to monitor temperatures during the last 10 days of September, as there will
Lower loonie to boost U.S. demand for sunflowers
CNS Canada — Manitoba sunflowers are looking better than they have in recent years, despite minor pest pressure, in one agronomist’s view — and a lower Canadian dollar could be useful for producers looking to sell. Sunflower prices aren’t seeing a lot of movement right now, but demand is good — and with a lower
Fertilizer prices steady as farmers gauge fall use
CNS Canada — Farmers are starting to assess how much fertilizer they’ll use going into the fall, if at all, based on crop budgets, according to an industry analyst. Fertilizer prices are being driven by crop prices and the global market, and both those factors are keeping prices steady, said David Asbridge, president at NPK
Cyber-Savvy Farmer
