CNS Canada — Canada’s durum prices are losing their premium over other wheat markets, but staying relatively static, despite hearty harvests and lagging demand, one analyst said. “I think what will drive the durum market here now is the overall wheat complex,” said Jerry Klassen, manager of the Canadian office for Swiss-based grain trader GAP […] Read more
Durum prices sluggish ahead of upcoming harvests
Growers plan to plant pulses, but seeds scarce
CNS Canada — Farmers are eager to grow peas and lentils this year, but sourcing those seeds could prove difficult, according an industry group official. “We have heard that given the expected increase in area for both peas and lentils this year, the availability of good-quality seed could be a challenge,” said Carl Potts of […] Read more
CBOT weekly outlook: Corn, soy at high end of trading ranges
CNS Canada — Corn and soybean futures at the Chicago Board of Trade have moved to the high-end of their trading ranges, as the U.S. Department of Agriculture left ending stock estimates little-changed. “Looks like we’re still trading ranges, but we’re back up to the top,” said Brian Rydlund, market analyst at CHS Hedging. Corn […] Read more
CBOT weekly outlook: Corn, soy in harvest-induced trading range
CNS Canada –– Corn and soybeans at the Chicago Board of Trade are both sitting at the low end of their trading ranges, with South America’s harvest keeping bullish features at a minimum. Corn — The May corn contract will probably establish new contract lows over the course of the week, said Terry Reilly, senior […] Read more
Input costs to chip away at farmers’ shrinking income
CNS Canada — An anticipated downturn in farm income and higher input costs mean Canadian producers will be in a tough financial position this year, the head of the National Farmers Union (NFU) predicts. Farmers’ net cash income is expected to move lower in 2016, declining nine per cent to $13.6 billion in 2016, according […] Read more
CBOT weekly outlook: Corn, soy down with optimal weather
CNS Canada — Favourable weather is good news for producers, but bad news for prices, as Chicago Board of Trade corn and soybean futures edge lower with a relative lack of concerns. Corn — Corn futures have been grinding lower over the course of the week as South American harvest is expected to start soon, […] Read more
Drought watch kept on Alberta, early spring expected
CNS Canada — Above-average temperatures and limited precipitation could mean parts of the Prairies will struggle with soil moisture heading into the spring, according to one specialist. “The soil moisture that we have in the ground right now is similar to what we went into the winter with,” said Trevor Hadwen, agroclimate specialist with Agriculture […] Read more
Ice-free Great Lakes mean sunny outlook for seaway
CNS Canada — A lack of ice on the Great Lakes means Canada’s St. Lawrence Seaway will start shipping grain earlier than last year. Last year the seaway’s opening was delayed until the beginning of April, due to the amount of ice in the system, according to Bruce Hodgson, director of market development for St. […] Read more
Buyers eating up Lethbridge feed barley
CNS Canada –– Lethbridge feed barley prices have strengthened on bargain buying, according to one market watcher, while demand for feed wheat is steady at best. Lethbridge barley prices have increased from $200-$205 in January to $205-$215 in February, as the grain becomes more difficult to source, said Jim Beusekom, president at Market Place Commodities. […] Read more
Crude’s slide hampers demand for Canadian biofuel
CNS Canada — The trickle-down effect of slumping crude oil prices is being felt in the Canadian biofuel market and softening demand for corn and soybeans. Traditionally, ethanol is cheaper than gasoline, which encouraged processors to blend more than the mandated amount, according to Andrea Kent, president of the Canadian Renewable Fuels Association (CRFA). “When […] Read more
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