CNS Canada — ICE Futures Canada canola futures turned higher during the week ended Wednesday, with the biggest increases happening in the nearby months while prices stayed rangebound for the more deferred contracts. “The inverse has really widened out, compared to where it was,” said analyst Jonathon Driedger of Farm Link Marketing Solutions, noting the […] Read more
ICE weekly outlook: Values head higher as inverse widens
Prairies expected to stay wet
CNS Canada — Much of Western Canada can expect to see more wet weather this week, after heavy rains over the weekend halted field work in the eastern Prairies. Drew Lerner, senior agricultural meteorologist at World Weather, Inc. in Kansas City, doesn’t expect a lot of fieldwork will get done in coming days in the […] Read more
Rain creates uncertainty for eastern Prairie farmers
CNS Canada — Wet weather continues to cause headaches for farmers in southeastern Saskatchewan and southwestern Manitoba — but other parts of the provinces may also be dragged into the mix. Between 600,000 and one million acres of farmland in Manitoba could be left unseeded this year, according to Doug Chorney, president of Keystone Agricultural […] Read more
Canaryseed bids still under pressure
CNS Canada — Despite a late spring and logistical problems with rail transportation, canaryseed prices continue to linger within the downward edge of their range. The spot price, as of Friday, was 20 to 22 cents per pound, according to Prairie Ag Hotwire. Producer and exporter David Knobbs of Kindersley, Sask., said that’s down from […] Read more
Late seeding keeping mustard bids firm
CNS Canada — Wet weather and a few other challenges are posting some early-season headaches for mustard growers, particularly in Saskatchewan, but three industry watchers say they’re still optimistic this year’s crop will be a successful one. Early-season estimates pegged mustard acreage in 2014 at 450,000 acres in Canada, with 350,000 of those in Saskatchewan […] Read more
ICE weekly outlook: Bounce unlikely for oversold canola
CNS Canada — ICE Futures Canada canola futures moved slightly lower during the week ended Wednesday, as a large sell-off in wheat and favourable weather conditions pressured canola values. While canola is looking oversold on the charts, any corrective bounce may be short-lived, according to an analyst. “Canola is technically oversold but we don’t have […] Read more
Phosphate shortages felt in Alberta
CNS Canada — Logistics problems, supply shortages and other variables affecting the fertilizer industry seem to have impacted the number of Alberta acres that got phosphate applications. “I would suspect it’s somewhere around 20 per cent, maybe, that didn’t get phosphate fertilizer,” said Lynn Jacobson, president of the Alberta Federation of Agriculture. The railcar backlog […] Read more
Alta. cash barley prices begin to loosen
CNS Canada — Cash barley prices have begun to weaken in the key cattle feeding area of Lethbridge, Alta., as feedlots have shipped out many of their animals for the season and demand for feed starts to decrease. According to Jim Beusekom, grain broker at MarketPlace Commodities in Lethbridge, current delivery prices are around C$200 […] Read more
Volatile forage market seen keeping alfalfa prices high
CNS Canada — Volatility on the forage market has driven alfalfa prices to all-time highs in Western Canada and it doesn’t appear they’re going to come down anytime soon, an industry expert says. The high prices can be chalked up to a few reasons, according to Ed Shaw, owner of Carstairs, Alta.-based International Quality Forage […] Read more
Cattle market could be due for setback, analyst says
CNS Canada — Record-high cattle prices, tight feeder supplies and tonnes of producer optimism are causing concern for one Alberta market analyst who believes the market may be due for a setback. Errol Anderson of Pro Market Communications in Calgary said market conditions are so heated right now, he’s hearing talk feeder cattle could be […] Read more
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