Commodity News Service Canada/Winnipeg – Variable conditions across Manitoba and Saskatchewan have made it difficult to estimate winter cereal acreage, the head of an industry group says. But crops that are in the ground have seen mostly favourable weather. Jake Davidson, executive director of Winter Cereals Canada Inc., said he’s waiting for data from Statistics […] Read more
Winter cereal acres unclear due to wet conditions
ICE weekly outlook: Canola loses ground, could fall further
CNS Canada — The ICE Futures Canada canola market declined on the week, and those losses are likely to continue, one Winnipeg-based analyst says. “This is going to be dominated by yesterday’s reversal in the canola, and the weather,” said Ken Ball of PI Financial Corp. Canola on Tuesday lost between $8 and $9 in […] Read more
End of reefer madness could clear air for Canadian hemp
CNS Canada — Anticipated legislative changes for marijuana production could spill over to hemp, according to the head of an industry group — but this year, Canada’s hemp producers are struggling to meet a surprise demand increase from Asia. “There’s lots of discussion with things changing in the marijuana arena; hemp also falls in that […] Read more
Oat crop quality varies with moisture damage
CNS Canada — Oat quality is mixed across Western Canada, one buyer says, as moisture caused damage to not-yet-harvested grains. “Any oats that are still out there that have had substantial amounts of rain are likely not going to make milling spec,” said Ryan McKnight of Linear Grain. The portion of production usable for the […] Read more
CBOT weekly outlook: Corn, soy likely rangebound
CNS Canada — Soybeans and corn at the Chicago Board of Trade are likely to be rangebound following a report from the U.S. Department of Agriculture (USDA) on Wednesday. USDA on Wednesday released its monthly world agricultural supply and demand estimates (WASDE), to which traders were looking for direction. “Soybeans, corn — there’s probably a […] Read more
ICE weekly outlook: Harvest to keep market rangebound
CNS Canada — ICE Futures Canada canola contracts have a softer tone, but are likely to stay rangebound in the short term, one analyst says. “We’re not looking for a significant breakout,” said Jerry Klassen, manager of Canadian operations with Swiss-based GAP SA Grains and Produits in Winnipeg. He pegged canola’s short-term range between $450 […] Read more
Manitoba farmers feel left out on farm policy tour
CNS Canada –– Manitoba has been dropped from an upcoming consulting tour meant to lay the foundation for Canada’s next agricultural policy funding framework. That will limit the province’s producers, the head of an industry group says. The House of Commons’ standing committee on agriculture and agri-food is holding a consulting tour to hear from […] Read more
Mustard bids drop with demand, harvest progress
CNS Canada — Mustard spot prices are trending lower, with limited demand for the commodity as harvest progresses. Weather conditions may have curbed yield potential, to an extent, though production is still expected to be large, according to one market participant. Bids for mustard have dropped from the levels seen in July and August into […] Read more
Rain expected for Prairies into weekend, next week
CNS Canada — Rain is going to slow weekend harvest progress in parts of the Prairies, though farmers in most areas will still be able to get into their fields, one meteorologist says. But as temperatures drop, some late-maturing crops may have been hit with frost damage. Showers are expected to slow weekend harvest activity […] Read more
CBOT weekly outlook: Corn, soy markets lean on yield data
CNS Canada –– A data set from the U.S. Department of Agriculture (USDA) has given traders a better idea of yield potential, which will dictate short-term market movement. Soybeans — The soybean market will likely trend lower in the near-term, said Terry Reilly of Futures International in Chicago. “We’re still bearish, given that we think […] Read more
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