Winnipeg | CNS Canada –– Canada has historically been one of the world’s top malt barley exporters, but its share of the global market is shrinking, Cargill Malt’s Lorelle Selinger told the Wild Oats Grainworld conference. A poor-quality crop produced in Canada in 2014-15 is one reason importers have started sourcing their malt supplies from
Canada’s share of malt barley market shrinking
‘Extreme’ volatility expected in wheat markets this spring
Winnipeg | CNS Canada — Canadian and U.S. wheat markets are likely going to experience some “extreme” volatility this spring, Lawrence Yakielashek of FarmLink Marketing Solutions told the Wild Oats Grainworld Conference. “The spring months are when the firecrackers are going to start to hit the match,” he added. He predicted there would be a
Global durum crops in good shape, for now
Winnipeg | CNS Canada — Since North America and Australia both produced poor-quality durum crops in 2014-15, all eyes are on Mexico, the U.S. desert, Europe and North Africa to come up with some higher-quality product. And so far, most crops in those areas look fairly good, Alan Hegemeier, a merchandiser with CHS Inc., said
Prairie wheat acres seen dropping six per cent in 2015
Winnipeg | CNS Canada — Canadian wheat acreage, excluding durum, is expected to drop six per cent, to 17.9 million acres, for the 2015-16 crop year, Agri-Trend Group CEO Robert Saik told the Wild Oats Grainworld conference in Winnipeg. Wheat acres are expected to fall as current returns are at the breakeven level, and the
ICE weekly outlook: Canola reaching its upper range
CNS Canada — The ICE Futures Canada canola market moved higher during the week ended Wednesday, taking some direction from advances seen in Chicago soybean futures. But the market seems to be moving into its upper range and could be vulnerable to a downward correction going forward, according to Ken Ball of PI Financial in
CBOT weekly outlook: Strength in corn, beans to be short-lived
CNS Canada — Corn and soybean futures on the Chicago Board of Trade ended mostly higher during the week ended Wednesday; soybean futures saw slight gains, while advances in corn were more exaggerated. A sharp rally Tuesday lifted both markets to end higher for the week, with speculative short covering amid temporary U.S. dollar weakness
Canada’s large canola stocks top expectations
CNS Canada — Releasing its Canadian year-end stocks estimates, Statistics Canada painted a picture Tuesday that’s mostly bearish for canola. StatsCan’s figure for canola stocks as of Dec. 31, at 11.103 million tonnes, was at the high end of expectations, surpassing what some market watchers anticipated. “I’m not sure if that means that StatsCan’s production number
StatsCan canola stocks expected to drop from year-ago mark
CNS Canada –– With Statistics Canada releasing its estimates Wednesday for crop stocks as of Dec. 31, canola supplies are generally expected to fall compared to year-ago levels. The lower stocks estimates are mainly linked to smaller production in 2014-15, compared to the record large crop grown in 2013-14, analysts say. “Stocks were pretty high
ICE weekly outlook: Canola overdue for a setback
CNS Canada –– ICE Futures Canada canola futures ended lower during the week ended Wednesday, as the market was overdue for a setback. Canola futures have outpaced outside oilseed markets to the upside in recent weeks, but have hit resistance and are now due for some weakness, analysts say. “What was supporting canola was spread
Canada’s canola crush pace hits six-month high
CNS Canada — Canada’s canola crushing pace jumped to its highest level in six months during the week ended Wednesday, according to data from the Canadian Oilseed Processors Association (COPA). Domestic crushers processed 153,102 tonnes of canola during the week, up more than five per cent from the week prior, COPA data shows. The last
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