CNS Canada — Trade uncertainty between China and the U.S., along with good U.S. growing conditions, is pressuring the soybean market on the Chicago Board of Trade (CBOT). During the week ended Wednesday, the July CBOT soybean contract dropped about 30 cents to $9.9425 per bushel (all figures US$). “The trade uncertainty is a major […] Read more
CBOT weekly outlook: U.S./China trade uncertainty weighs on soy
Pulse weekly outlook: Processing boom to help in long run
CNS Canada — Even with one new pulse processing plant on line in Western Canada and more on the way, producers will still have to wait before these new ventures have a significant effect on marketing of their pulse crops. Numerous pulse processing plants have been announced in the last year. French company Roquette broke […] Read more
ICE weekly outlook: Weather, U.S./China relations influence canola
CNS Canada — Traders’ attention at the ICE Futures Canada canola market has now turned to western Canadian weather and news south of the border. While there was a reprieve from the drought over the last week, with rain falling in parts of Western Canada, large areas missed out on the moisture. More rain is […] Read more
Manitoba sunflower acreage set to drop
CNS Canada — The closure of a sunflower processing plant in southern Alberta has Manitoba sunflower growers feeling uneasy this year. “Because of the plant closure there’s quite a bit of delay in delivery of the ’17 crop. So it’s discouraged quite a few guys from growing more (sunflowers),” said Ben Friesen, senior market manager […] Read more
Feed weekly outlook: Prairie grain prices start to soften
CNS Canada — After a winter with tight supplies leading to a feed grain price rally in Western Canada, prices are starting to back off. “It’s been breaking free a little bit. Kind of surprisingly this year it took till seeding time to see that happen. We’ve seen markets rally right up till May,” said […] Read more
Forage supplies starting to dip on dry Prairies
CNS Canada — Forage supplies are starting to dwindle across Western Canada following a long, cold, winter and rain is needed soon to make for a good forage crop this year. “People tended to kind of blend hay this year and they managed to get through. But the prolonged cold spring really I think put […] Read more
CBOT weekly outlook: Corn, soy react fittingly to USDA reports
CNS Canada — Traders had a lot to sort through with two big U.S. Department of Agriculture (USDA) reports released Thursday, but at a glance the markets reacted accordingly, according to one trader. USDA on Thursday released its world agricultural supply and demand estimates (WASDE) and crop production reports. “The market reaction, I think, was […] Read more
Manitoba soybean acreage predictions mixed
CNS Canada — While some in the soybean sector think Statistics Canada is right about its predictions for a decline in Manitoba acres, others think plantings should still end up close to the record in 2017. Statistics Canada is predicting soybean acres in Manitoba to drop to 1.96 million from 2.29 million, according to its […] Read more
Pulse weekly outlook: Sector hopes for more fababeans
CNS Canada — While Statistics Canada is predicting a drop in fababean acres this year, an agronomist with Saskatchewan Pulse Growers hopes that isn’t the case. “We had about 50,000 acres for the last three years here in Saskatchewan. And we’re thinking that we’ll be maybe slightly below that,” said SPG agronomy manager Sherrilyn Phelps. […] Read more
Churchill possibly to return to shipping grain
CNS Canada — Grain could once again be shipped out of northern Manitoba’s Port of Churchill if all goes according to plan for a new potential ownership group. “The port has got all of the grain handling equipment and simply said, the first thing we want to do is resume that commercial activity,” said Louis […] Read more
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