CNS Canada – Large slaughter numbers in the United States and the resulting increase in pork supplies should weigh on the Canadian hog sector in the short-term, but the long-term outlook remains more favourable, according to an analyst. “It feels like we’re in a bit of a transition time,” said Tyler Fulton, director of risk
Hog market in transition, low prices now to improve later
Harvest progress pressures canola prices
The remaining four million tonnes of expected production is enough to move markets
Canola contracts on the ICE Futures exchange fell to their lowest levels of the past year during the week ended Oct. 26, as harvest operations across Western Canada finally neared completion. Farmers in both Alberta and Saskatchewan reported good progress during the week, helping ease concerns over unharvested acres being left out over the winter.
CBOT weekly outlook: Trade woes keep soybeans pointed lower
CNS Canada – Soybeans saw a modest corrective bounce to end the month on Oct. 31, but the general downtrend remains intact, with more losses likely, according to an analyst. “I remain bearish on soybeans over the short-term as the window is closing for the U.S. to provide China soybeans before South America comes online,”
Fall cattle run in full swing
A later run and shortage of feed may be causing even bigger volumes than usual
Manitoba’s cattle auctions were busy during the week ended Oct. 19, as the fall run hit its full stride. “I think every barn had their biggest sale of the year so far,” said Rick Wright of Heartland Order Buying. While big volumes are normal for this time of year, he said cattle were coming to
ICE weekly outlook: Canola funds maintain net long position
CNS Canada – Speculators grew their net long positions in the ICE canola market slightly during the week ended Oct. 23, while commercial traders built their positions on the short side, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable
ICE weekly outlook: Market watching late harvest
CNS Canada – Canola futures have found themselves in a downward slide, with the market settling right above major support levels on Oct. 24. The January contract finished Wednesday’s session at C$491 per tonne, which was right above major support at C$490 per tonne. “If it legs down, I think a swing target could be
Manitoba edible bean harvest wraps up
CNS Canada – After a long and drawn out harvest Manitoba farmers have finally finished bringing in this year’s edible bean crop. While the late harvest raised quality concerns in the province, ample North American supplies should limit the upside price potential. “The harvest started really early, and we were moving at a pretty good
Canola funds cover shorts, move to net long
CNS Canada — Speculators covered short positions in the ICE Futures canola market during the week ended Tuesday, moving from a net short position to a small net long position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators moved from
Yield, quality uncertainties supportive for canola futures
New-crop canola is already making its way to market
ICE canola futures started the holiday-shortened week ended Oct. 12 by climbing to their highest levels in nearly two months, but quickly ran into resistance and trended lower. Cool, wet, harvest-delaying weather across the Prairies remained a supportive influence, but windows of opportunity were presenting themselves and canola was making its way into the commercial
CBOT weekly outlook: Soybeans trend higher, with meal
CNS Canada –– Soybean and corn futures at the Chicago Board of Trade both saw some strength over the past week, and could see some additional upside, according to an analyst. Harvest delays due to poor weather and speculative short-covering accounted for some of the recent strength in the futures, according to Sean Lusk, director
Cyber-Savvy Farmer
