CNS Canada — Anticipated legislative changes for marijuana production could spill over to hemp, according to the head of an industry group — but this year, Canada’s hemp producers are struggling to meet a surprise demand increase from Asia. “There’s lots of discussion with things changing in the marijuana arena; hemp also falls in that
End of reefer madness could clear air for Canadian hemp
Oat crop quality varies with moisture damage
CNS Canada — Oat quality is mixed across Western Canada, one buyer says, as moisture caused damage to not-yet-harvested grains. “Any oats that are still out there that have had substantial amounts of rain are likely not going to make milling spec,” said Ryan McKnight of Linear Grain. The portion of production usable for the
CBOT weekly outlook: Corn, soy likely rangebound
CNS Canada — Soybeans and corn at the Chicago Board of Trade are likely to be rangebound following a report from the U.S. Department of Agriculture (USDA) on Wednesday. USDA on Wednesday released its monthly world agricultural supply and demand estimates (WASDE), to which traders were looking for direction. “Soybeans, corn — there’s probably a
ICE weekly outlook: Harvest to keep market rangebound
CNS Canada — ICE Futures Canada canola contracts have a softer tone, but are likely to stay rangebound in the short term, one analyst says. “We’re not looking for a significant breakout,” said Jerry Klassen, manager of Canadian operations with Swiss-based GAP SA Grains and Produits in Winnipeg. He pegged canola’s short-term range between $450
Manitoba farmers feel left out on farm policy tour
CNS Canada –– Manitoba has been dropped from an upcoming consulting tour meant to lay the foundation for Canada’s next agricultural policy funding framework. That will limit the province’s producers, the head of an industry group says. The House of Commons’ standing committee on agriculture and agri-food is holding a consulting tour to hear from
Mustard bids drop with demand, harvest progress
CNS Canada — Mustard spot prices are trending lower, with limited demand for the commodity as harvest progresses. Weather conditions may have curbed yield potential, to an extent, though production is still expected to be large, according to one market participant. Bids for mustard have dropped from the levels seen in July and August into
Rain expected for Prairies into weekend, next week
CNS Canada — Rain is going to slow weekend harvest progress in parts of the Prairies, though farmers in most areas will still be able to get into their fields, one meteorologist says. But as temperatures drop, some late-maturing crops may have been hit with frost damage. Showers are expected to slow weekend harvest activity
CBOT weekly outlook: Corn, soy markets lean on yield data
CNS Canada –– A data set from the U.S. Department of Agriculture (USDA) has given traders a better idea of yield potential, which will dictate short-term market movement. Soybeans — The soybean market will likely trend lower in the near-term, said Terry Reilly of Futures International in Chicago. “We’re still bearish, given that we think
Fertilizer merger highlights big-picture concerns
CNS Canada — A multi-billion-dollar merger between two major crop input companies is the latest in a string of consolidation efforts in North America’s agriculture industry, drawing attention again to the possible effects on the value chain. Agrium and PotashCorp announced Monday they plan to combine to create an integrated global supplier of crop inputs,
ICE weekly outlook: Stocks add softer undertone to market
CNS Canada –– A stocks report from Statistics Canada has changed the dynamic of the canola market, one analyst says, though prices are not expected to plummet. Statistics Canada estimates canola stocks at 2.016 million tonnes as of July 31. The government agency also upwardly revised year-ago production numbers. “It causes a fairly significant shift
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