CNS Canada — It’s a mixed bag in many ways for Saskatchewan’s pulse crops this year, as a dry summer and late rains have meant different things for various crops. According to one industry expert, though, the overall picture doesn’t look bad. “I think overall, if you assess the entire province, it will come in […] Read more
Pulse weekly outlook: Lentil yields look good, worries grow over peas
CBOT weekly outlook: Spec selling pressures corn, soy
CNS Canada — A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture […] Read more
Canola, wheat crop size hiked in StatsCan’s view from space
CNS Canada — Statistics Canada raised its production estimates for most crops across Western Canada in its latest report released Wednesday. Unlike traditional StatsCan reports using information gathered from phone surveys, the model-based report was based in part on coarse-resolution satellite imagery collected during the month of August. The model-based report has only been in […] Read more
Pulse weekly outlook: Manitoba bean yields unlikely to top 2017’s
CNS Canada — A lack of rain at key times during the summer of 2018 has left Manitoba’s edible bean crop unlikely to match last year’s yields. Last year’s yield was about 2,000 lbs./acre on average, but according to provincial pulse specialist Dennis Lange, that won’t be the case this year. “I think for this […] Read more
Canadian hog prices on rebound
CNS Canada — Improving trade relations and the emergence of swine fever in China have made their presence felt on the Canadian hog market. Weekly signature No. 5 base slaughter weight cash hog prices averaged $117.83 per 100 kg as of Friday, up by roughly $15 over the past two weeks. Those numbers are a […] Read more
ICE weekly outlook: Pressure builds on canola as yield outlooks vary
CNS Canada — ICE’s November canola futures look poised to continue chopping around between the $490-$500 per tonne mark, as uncertainty over yields in Western Canada sows seeds of doubt throughout the trade. “Yields that have been coming in suggest the crop will be bigger than the (Statistics Canada) estimate,” said Ken Ball of PI […] Read more
CBOT weekly outlook: Heavy rains threaten soybean quality
CNS Canada — Heavy rains across the U.S. Midwest and a murky outlook on international trade appear ready to drive down the soybean market in the lead-up to next week’s supply and demand report. The U.S. Department of Agriculture will release its monthly estimates on Sept. 12 and traders have already started to take positions. […] Read more
StatsCan’s canola forecast deemed supportive
CNS Canada — A summer of dryness and sizzling heat has apparently taken its toll on canola plants in many areas of Western Canada, according to the latest crop production estimate from Statistics Canada. In a survey compiled in the latter days of July and released Friday, Statistics Canada pegged canola production for 2018-19 at […] Read more
Questions remain over heat’s impact on 2018 yields
CNS Canada — Harvest came early for some crops in Western Canada this year. A few canola crops in Manitoba are already in the bin as warm temperatures and a lack of rain helped growers hit the fields quicker than other years. However, a hot and mostly dry summer on the Prairies has left many […] Read more
ICE weekly outlook: Canola set to chop around bottom end of long-term range
CNS Canada — Contracts on the ICE Futures canola market are bracing for turbulence in coming days as trade negotiations between Canada and the U.S. and a looming production report from Statistics Canada take centre stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send canola […] Read more
Cyber-Savvy Farmer
