CNS Canada — Global fertilizer demand has been higher, leading to increased prices, but with more capacity coming online prices should start to fall, according to an analyst. “Urea prices globally have moved a little higher over the past few months. They’ve been relatively volatile, that’s just kind of a function of some better than […] Read more

Global fertilizer prices set to fall

Hemp acres, prices down for 2018
CNS Canada — With a large carryover from last year’s crop, hemp acres in Canada are expected to be down this year along with the price. “We had a bit of overproduction in 2017. It doesn’t take much to overproduce a crop when you’ve got 100,000 acres. So it’s a delicate, delicate balance,” said Russ […] Read more

Prairie malt barley prices lower than feed
CNS Canada — With feed barley in tight supply, the tables have flipped with feed prices now sitting higher than those for malt barley in Western Canada. Feed barley prices “make some of these other prices look a bit ridiculous. There’s no demand from the domestic maltsters because they’ve all been plugged up ever since […] Read more

Pulse weekly outlook: India not a guaranteed market
CNS Canada — Despite positive developments between Canada and India in regards to pulse crops, the CEO of Pulse Canada is warning producers not to rely on India as market for pulses. “India is not the market that it was eight months ago and it emphasizes the need to find alternate markets,” Gordon Bacon said. […] Read more

CBOT weekly outlook: USDA report sways soy, corn
CNS Canada — Thursday’s world agricultural supply and demand estimates (WASDE) report from the U.S. Department of Agriculture caused a stir in corn and soybean markets on the Chicago Board of Trade. “The Brazil and Argentine numbers (were) really not too terribly exciting. And the world numbers (were) basically kind of going exactly the opposite […] Read more

Feed weekly outlook: Prairie feed grain prices on rise
CNS Canada — Prices are rising for feed grains in Lethbridge, with buyers starting to consider their options. “Seems every day this last week we’re surprised at higher offers being triggered than the day before,” said Jared Seitz, trade manager with Agfinity Inc. In Lethbridge, feed barley bids last week were at $5 per bushel […] Read more

Prairie flax market flat, acres set to decline
CNS Canada — A flat flax market in Western Canada has buyers feeling indifferent about this year’s prospects. “There’s no big hurrahs right now on flax… I hate to say it, I’m a very optimistic type of person, but it’s kind of a flat market right now,” said Ben Friesen, senior market manager at Scoular […] Read more

CBOT weekly outlook: Soy, corn traders shift gaze to U.S.
CNS Canada — As February ends, attention is shifting from South America to the U.S. for traders at the Chicago Board of Trade. “We’re about to flip the calendar into March, when people start paying more attention to the conditions in the U.S.,” said Rich Feltes of RJ O’Brien in Chicago. Attention for the past […] Read more

Pulse weekly outlook: Prairie market ‘nonexistent’ due to trade dispute
CNS Canada — As the western Canadian pulse crop industry awaits news from Prime Minister Justin Trudeau’s visit to India, two traders aren’t holding their breath. “I’m not expecting any big announcements or any big headway other than wording like ‘working towards understandings’ and things like that,” said Adam Krieser of Canpulse Foods in Saskatoon. […] Read more

Prairie wheat bids mixed while U.S. futures rise
CNS Canada — Wheat bids in Western Canada were mixed for the week ended Thursday, while U.S. wheat futures rose. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed in Western Canada with some unchanged and others rising by $1-$2, according to price quotes from a […] Read more