CNS Canada — Large crops followed by poor export demand have led to burdensome supplies and cut into pulse prices in the U.S., which should cut into acreage ideas for peas, lentils and chickpeas in 2019, an industry official says. “With the trade issues we’re facing right now, we have quite a surplus,” said Shannon
Pulse weekly outlook: Fewer U.S. acres likely due to surplus
Consumers won’t want for meat supplies this year
‘Exceptional’ demand in 2018 supported fed cattle prices
Manitoba’s cattle auction yards remained quiet over the week ended Jan. 4, with activity set to start back up at most locations during the first full week of the month. Live cattle futures in Chicago ended 2018 at some of their highest levels of the past year, but subsequently spent the first days of 2019
Canadian canola demand off year-ago pace
CNS Canada — Canadian canola exports and domestic usage are both falling behind the year-ago pace, according to the latest Canadian Grain Commission data. Canada exported only 63,700 tonnes of canola during the week ended Jan. 6, according to the report. That compares with the average weekly movement during the crop-year-to-date of about 200,000 tonnes.
Human-made chaos disrupted market patterns this year
Trade disputes have added a new layer of unpredictability
A year ago, in an attempt to outsource the first column of 2018, written to meet a pre-Christmas deadline, I turned to computer algorithms for insight. The results were poetic, but largely indecipherable. The point then was that as much as technology can provide benefits, it still takes human knowledge to make sense of the
CBOT weekly outlook: Soybeans wait on China news
CNS Canada — Soybean futures at the Chicago Board of Trade started 2019 on a firm note, bouncing higher on rumours of fresh Chinese buying interest. However, with the U.S. government still in partial shutdown mode, confirmation of that business was lacking and additional advances remain questionable. “We’re basically buying the rumour at this point,”
Falling U.S. futures weigh on Prairie wheat bids
CNS Canada — Hard red spring wheat bids in Western Canada lost ground during the week ended Friday, as losses in U.S. futures more than offset the supportive influence of the declining Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3-$11 per tonne over the course
Canola fund short position holds steady
CNS Canada — Fund traders maintained their net short position in ICE Futures canola contracts, according to the latest commitment of traders (CoT) report by the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators increased their net short position in canola by only 500 contracts, to
Prices strong at Manitoba sales on second-cut cattle
Rising CME live cattle futures have run into resistance
Manitoba cattle auction yards were still keeping busy during the second week of December, as ranchers cleaned out cattle and feedlots looked to fill some pen space. Roughly 5,600 head of cattle were sold in the province during the week ended Dec. 14, well below the 10,000 cattle that moved through the rings the previous
Feed weekly outlook: Alberta feed grains firm
CNS Canada — The seasonality of the feed grain sector is contributing to a firmer tone in Alberta barley and feed wheat bids heading into the New Year. “We’ve seen bids in our office on feed barley jump up a decent amount,” said Nelson Neumann, a trader with Edmonton-area grain brokerage Agfinity. He linked the
ICE weekly outlook: Canola steady heading into 2019
CNS Canada –– ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, and should be expected to remain steady heading into the New Year barring outside political developments. “We’re in a doldrums environment,” said Mike Jubinville of ProFarmer Canada in Winnipeg. “The supply/demand fundamentals suggest this market is reasonably well supplied, with
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