CNS Canada — A lack of reports from the U.S. Department of Agriculture (USDA) because of the partial U.S. government shutdown is taking its toll on the Chicago Board of Trade. As of Wednesday, the partial shutdown of the U.S. government is in its 26th day and affecting USDA. One of the department’s key functions, […] Read more
CBOT weekly outlook: Lack of USDA reports taking toll
Oil on rail likely won’t interfere with grain movements
CNS Canada — When considering the pattern of how grain is shipped by rail in Canada, it’s very unlikely increased oil shipments would interfere, according to Quorum Corp. “That’s largely because the flow of grain is predominantly to the West Coast and Thunder Bay,” said Quorum president Mark Hemmes. About 80 per cent of Canadian […] Read more
Feed weekly outlook: Changes slight in Prairie market
CNS Canada — Prices for feed-grade barley, corn and wheat have shifted slightly over the last week in Western Canada: wheat and barley prices have weakened, while corn prices are on the rise. Allen Pirness of Market Place Commodities at Lethbridge said feed barley is currently in the mid-$250s range, per tonne. Last week, feed […] Read more
CBOT weekly outlook: Trade news having little effect
CNS Canada — Even though news out of Beijing regarding the trade talks between the U.S. and China were reported as ending on a positive note Wednesday morning, one broker watching the Chicago Board of Trade didn’t see it having much effect on commodities. “The only thing that would be a real positive announcement would […] Read more
Pulse weekly outlook: Eyes on India as North America’s prices firm
CNS Canada — From where Prairie pulse market analysts sit, India’s politics and current weather situation remain important to watch. India’s national election will be called in the next three to five months. “There’s so many hundreds of thousands of farmers in India and they have political clout,” said Allan Johnston of Johnston Grains at […] Read more
Prairie wheat bids fall with U.S. futures
CNS Canada — Wheat bids in Western Canada were mostly down for the week ended Friday with a weaker Canadian dollar and falling U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $1-$7, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and […] Read more
El Nino likely not responsible for warm, dry conditions
CNS Canada — The above-normal temperatures Western Canada has generally experienced since the fall weren’t necessarily caused by an El Nino. Rather, to Agriculture and Agri-Food Canada, the phenomenon that’s likely affected the weather was a ‘blob’ that formed off of the coast of British Columbia. “It’s a big warm pocket of ocean water and […] Read more
CBOT weekly outlook: Higher prices don’t jibe with corn, soy production
CNS Canada — Trade is starting to slow down for the holiday season at the Chicago Board of Trade, which has corn and soybean traders looking at the larger picture. Scott Capinegro, a broker with Barrington Commodities at Barrington, Ill., believes prices for corn and soybeans are currently too high. “(The world) continues to plant, […] Read more
Protein presents opportunity for agriculture
The world’s agriculture market is being driven by protein – which Canada can produce with the best
Murad Al-Katib of AGT Food and Ingredients said Canadian agriculture is in a position to capitalize on the world’s increasing desire for protein. The president and chief executive officer of the Regina-based company was the keynote speaker at the Grain World conference in November. Why it matters: Consumers worldwide are turning to alternative protein sources […] Read more
Hemp prices seen likely to stay consistent in 2019
CNS Canada — Canadian prices for hemp likely won’t change very much in 2019, according to Clarence Shwaluk of Fresh Hemp Foods in Winnipeg. Even the passage of the U.S. 2018 Farm Bill, which would legalize hemp in that country, shouldn’t have much of an impact on prices. The new bill is expected to be […] Read more
Cyber-Savvy Farmer
