CNS Canada –– Weather-related issues ranging from floods to drought have been putting wheat crops at risk globally, bringing potential for prices to move higher. Traders are watching to see how the crop in Canada will shape up, given recent dryness in the West, according to Jonathon Driedger, senior market analyst at FarmLink Marketing Solutions.
Wheat near done flowering, prices could also bloom
Smoke provides cover to dry Sask. fields, real clouds preferred
CNS Canada –– Over 100 forest fires burning in northern Saskatchewan — and the resulting smoke cover — may be bringing a little relief from dryness to growers further south. But silver linings are tarnished at best, as a dry outlook for July means the province won’t move past its drought concerns anytime soon. Forest
CBOT weekly outlook: Weather seen steering soybeans
CNS Canada — CBOT soybean futures posted solid gains over the past week, coming to a five-and-a-half month high on Tuesday. Weather guided the soybean trade, rather than the U.S. Department of Agriculture’s acreage and stocks reports. John Weyer, co-director of the commercial hedge division at Walsh Trading, said soybeans came in near or above
Frost takes greater toll on mustard crops than dryness
CNS Canada — Freezing temperatures at the end of May took a toll on Saskatchewan’s mustard crops, industry specialists say. Walter Dyck, seed division manager for Olds Products, said many growers have reduced acreage this year. “We had early seeding, but the frost — not just one frost, but many frosts had an impact this
Sask. dryness could impact global canaryseed prices
CNS Canada –– Dryness in Saskatchewan could support global canaryseed prices, as the province produces nearly all of Canada’s crop. Canada is the world’s largest producer and exporter of canaryseed worldwide, according to a federal government report. Kevin Hursh, executive director for the Canaryseed Development Commission of Saskatchewan, expects global canaryseed prices will eventually react
CBOT weekly outlook: Soy, corn futures seen hinging on USDA data
CNS Canada — CBOT (Chicago Board of Trade) soybean futures posted solid gains over the past week, but backed away Wednesday, which could be a sign of further losses to come as market participants await direction from the U.S. Department of Agriculture’s acreage report on Tuesday. John Weyer, co-director of the commercial hedge division at
Dryness stalls Sask., Alta. fababeans
CNS Canada — Fababeans are increasing in popularity across the Prairies, but much like other crops in Alberta and Saskatchewan, dry weather is taking its toll — and if it continues, yield could be impacted. Fababeans require a lot of moisture to produce well, according to Dale Risula, a Saskatchewan provincial specialist for special crops
Late start expected for Manitoba’s Port of Churchill
CNS Canada — Manitoba’s northern Port of Churchill will start its shipping season later this year, as its operator hopes to lower the cost of maintenance on the railway serving the port. Merv Tweed, president of port and railway operator OmniTrax Canada, said the company expects the first grain vessel will go out sometime in
Canada may have already passed peak gluten-free
CNS Canada –– Increased demand by Canadians for gluten-free products had an impact on the wheat industry, leading reduced sales and experiments with new ways to feed the market. Now, industry specialists have mixed opinions on the future of gluten-free. Almost a third of Canadians, 10 million people, are seeking out gluten-free products, according to
Man. potato acres expected to top previous year’s
CNS Canada — Manitoba’s potato acres are expected to be up from last year, despite some light reseeding, according to two people involved in the industry. Dan Sawatzky, manager with the Keystone Potato Producers Association, said most growers are ahead in terms of crop stage development so far this year. “I know in the process
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