CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving in turbulent trade with each U.S. weather forecast. “It’s all on raindrops right now,” said Scott Capinegro of Barrington Commodity Brokers. Recent forecasts for rain have pressured corn and soybean markets, though declining crop conditions could provide support moving forward. […] Read more
CBOT weekly outlook: Corn, soy seen rising
ICE weekly outlook: Canola trades on weather
CNS Canada — It’s the time of year when canola prices closely follow the weather, and while recent rain has caused some losses, the market could hold onto its premium. “In some ways you could say it’s a classic weather market,” said Jon Driedger, senior market analyst at FarmLink Marketing. Prices had gained following dryness […] Read more
China’s requirements leave Canadian flax piling up
CNS Canada –– Stalled demand from a key international buyer has caused a buildup of flax inventories in Canada, with more crops on the way. Demand on the ingredient side of the flax market has been steady, said Mike Popowich of processing firm TA Foods at Yorkton, Sask. “But we’ve experienced a bit of a […] Read more
Trade looks to potential, not projections, post-StatsCan data
CNS Canada — The commodity trade has turned its focus forward following fresh data from Statistics Canada. “The acreage numbers are important, but this game right now is all about weather,” said Mike Jubinville of ProFarmer Canada, naming spring wheat as one crop the market had been closely watching. While estimates for all wheat seeded […] Read more
CBOT weekly outlook: Corn, soy move with trader positioning
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are moving in trader-positioning with technical features and ahead of key data. Investors in CBOT corn and soybean markets are rolling out of positions in the July contract into more deferred months. “With that said, we’re seeing a lot of shorts shore-up […] Read more
Dairy protection sought ahead of NAFTA talks
CNS Canada — The head of Canada’s dairy industry group highlighted the role of Canadian dairy producers in the domestic market, as the potential for trade agreement renegotiations loom. U.S. President Donald Trump said earlier in the year he was considering pulling the U.S. from the North American Free Trade Agreement (NAFTA), but later shifted […] Read more
Workers fired following chicken abuse video
CNS Canada — A British Columbia company tied to nationally broadcast footage of livestock abuse has laid off five workers, according to a statement from the organization Tuesday. The animal rights and vegan advocacy group responsible for capturing the video says that’s not enough, and is pursuing legal action. Employees at a Vancouver-area chicken farm […] Read more
CBOT weekly outlook: Weather watching trade in summertime
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are hanging in a seasonal weather-based market, with traders watching crop conditions week-to-week. Corn futures have downside potential, gathering influence from wheat futures and crop ratings in the near term. “I’m looking for an improvement in crop ratings next week, which might […] Read more
Pea, lentil buyers digest lower values, weather
CNS Canada — Buyers, sellers and processors in Canada’s pulse sector are holding steady as an act of safeguarding themselves during a precarious time in the growing season. “People are just kind of buying what they need,” said David Newman of Commodious Trading, a Victoria-area company dealing with international trade and processing of lentils, peas, […] Read more
CBOT weekly outlook: Corn, soy up ahead of USDA data
CNS Canada — Corn and soybeans at the Chicago Board of Trade advanced ahead of a key report due out at the end of the week — but from there, it’s back to weather-watching, one analyst says. The U.S. Department of Agriculture is set to release its supply and demand estimates on Friday. “There are […] Read more
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