Commodity News Service Canada — Despite some concerns over quality, Canadian peas are holding their own on the international market, according to an industry watcher. “I would think there’s going to be pretty good prices for peas coming down the pike. I think it will be pretty good. There’s been a very aggressive export program […] Read more
Peas hold their own after large exports to India
Market analyst warns soybeans could hit $7.00
Commodity News Service Canada – A surge in soybean values at a time when supplies are at a record level shouldn’t be mistaken for a breakdown in fundamental factors affecting supply and demand, according to the chief economist for AgResource. “The soybean market has gone up 12 to 13 per cent in the last 30 […] Read more
Few changes expected in Canadian crop area
Commodity News Service Canada — It doesn’t appear there will be any dramatic changes to acreage for most crops next year, says a market analyst for CWB. Bruce Burnett gave some broad estimates for plantings in 2015 at the opening session of the Cereals North America conference in Winnipeg. “My thought is we’re going to […] Read more
Protein demand, fracking affecting grain prices
Commodity News Service Canada — The difficulty in getting American soymeal from processors to the end-user is just one symptom of a much larger problem facing the current market, said a noted industry-watcher at the Cereals North America conference in Winnipeg. “In the last two or three weeks, grain prices have been moving, everything is […] Read more
Man. soybeans likely to sit in storage until new year
CNS Canada — The bulk of Manitoba’s soybean crop may be off the field but isn’t likely headed to market anytime soon, according to an analyst. Local elevators are filling up “incredibly fast” with crops such as wheat and oats, “so soybeans may or may not have bin space at some of these elevators,” said […] Read more
Man. edible bean harvest wraps in time for ‘flat market’
CNS Canada –– Most of the edible bean harvest in Manitoba is complete, according to a stakeholder in the industry, but he says market conditions are “flat” for the crop’s arrival. “Your grower price: we’re at the 26 cent mark for pintos, navy are in the 28 (cent) mark. They were higher in springtime, early […] Read more
CBOT soybeans, corn watch weather
CNS Canada — Soybean futures on the Chicago Board of Trade (CBOT) were higher during the week ended Wednesday, driven upward by harvest delays over wet weather and sluggish farmer selling. “These rallies don’t make a lot of sense to me but we were due for a bit of a bounce and I think this […] Read more
Pork, poultry to dictate future cattle prices, analyst says
CNS Canada –– Increased competition from pork and poultry may be the factors that ultimately stop skyrocketing beef prices across North America, according to one cattle market analyst. “We’ve had a phenomenal year of demand for beef and prices have been record-high right through the whole pipeline so the question we’re all asking now is […] Read more
Prairie malt barley crop’s quality still up in air
CNS Canada — Questions are being asked over how much barley in Western Canada will be good enough to meet malting standards in 2014-15. This year’s crop was already going to be smaller than last year’s, said Brian Otto, past-president with the Western Barley Growers Association. Statistics Canada estimated overall barley production at 7.2 million […] Read more
ICE weekly outlook: Canola up but hitting resistance
CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as values start to rebound slightly in the face of the advancing Prairie harvest. Despite moderate gains, one trader sees resistance ahead for values. “It is going to be tough to rally very far; buyers are going to back away […] Read more
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