CNS Canada – Chicago Board of Trade (CBOT) soybean contracts could see some action this week as the November contract near expiry. The corn contracts could also be hopping around during the week. “We’re getting some pressure in these markets because of the harvest pace that’s going on for the U.S. producer. So farmers are […] Read more
Choppy corn and soy markets expected
Manitoba harvest nearing completion
CNS Canada – Warm and dry weather helped advance harvest across Manitoba during the week ended Oct. 22, according to the provincial report. Harvest progress was 91 per cent complete as of Oct. 22, up seven percentage points from the previous week. The spring wheat, barley, oat and dry bean harvests are 99 per cent […] Read more
Feed weekly outlook: Grains flood Alberta market
CNS Canada — Feed grain prices in Alberta have come down as producers have rushed to sell downgraded crops. “Last week the phones were blowing up… right now I think we’re seeing some better weather, so everyone’s outside and the phones are probably going to light up again next week,” said Nelson Neumann, grain trader […] Read more
ICE weekly outlook: Canola trends lower as farmers sell, harvest
CNS Canada — The ICE Futures canola market will bounce around in trade for the foreseeable future with the overall trend being downward, according to an analyst. “We’re just going to continue to migrate lower. (There) are going to be up days because nothing goes down forever,” said Wayne Palmer, senior market analyst with Exceed […] Read more
Trade certainty doesn’t translate to higher loonie
CNS Canada — Even with more certainty around trade with the U.S., Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P. […] Read more
CBOT weekly outlook: Traders think soy yields less than USDA predicting
CNS Canada — After the wet weather the U.S. Midwest has experienced lately, traders aren’t exactly sold on the latest numbers from the U.S. Department of Agriculture (USDA). “We’re getting a lot of calls in and people talking about their beans are losing yield left and right, because the pods are splitting, beans are sprouting. […] Read more
Pulse weekly outlook: Canada’s sales a day-to-day business
CNS Canada — Canada’s pulse crop trade hasn’t stopped, even though its biggest customer, India, isn’t taking large amounts anymore. Instead, buyers are finding themselves having to take business one day at a time and become a bit more creative. “I think everyone is in the same boat; it’s not that the market has stopped. […] Read more
Veggie farms face own challenges
Labour is one of the large issues for this diverse vegetable operation
Challenges on a vegetable farm can be slightly different than those on a grain farm. At the Connery’s Riverdale Farms in Portage la Prairie, Man. production costs and availability of workers are always on the mind. “Because we’re a veg farm and the crops that we grow are hand harvested, not mechanically harvested, almost half […] Read more
Feed weekly outlook: Snowy weather makes for larger feed supplies
CNS Canada — The question isn’t whether there’ll be enough feed grains this year in Western Canada, but when they’ll be ready — which is keeping the market steady currently. “The question is when will it be marketable? When will it be out of the field and in condition to market?” said Allen Pirness of […] Read more
ICE weekly outlook: Soyoil, not weather, main influence on canola
CNS Canada — Wet and snowy weather now plaguing the Prairies isn’t to blame for the canola market’s recent upswing, according to one trader. “Canola’s been firm but it really hasn’t shown any reaction whatsoever to the weather; it’s going up because bean oil’s going up and it’s lagging the bean oil gains by quite […] Read more
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