CNS Canada — Chicago corn futures moved higher during the week ended Wednesday, but the U.S. Department of Agriculture’s monthly crop report, due Friday, has the potential to push values sharply lower, according to an analyst. “Traders are looking for a three-point increase in the yield for the U.S. corn, and that could draw nearby […] Read more
CBOT corn poised to drop below US$3/bu.
Strong prices, low feed costs reviving pork industry
CNS Canada –– Recent strong prices, paired with low feed costs, are increasing profitability for Canadian hog farmers and helping to revive the pork industry. “We are seeing some of the idle barns that were taken out of production three years ago starting to come back into production,” said Brad Marceniuk, livestock economist with Saskatchewan’s […] Read more
Prairie cash wheat prices up as U.S. futures move higher
CNS Canada — Average cash bids for wheat were firmer across Western Canada during the week ended Friday, lifted by strengthening U.S. futures and improving basis levels for some classes of wheat. CWRS (Canada Western Red Spring) prices were up between C$10 and $16 compared to a week ago, with the best pricing opportunities still […] Read more
Cool, wet weather halts Alberta harvest
CNS Canada — Farmers in Alberta haven’t been able to make much harvest progress recently, as rainfall and cool weather have prevented them from getting into the fields over the past week. Almost half an inch of rain fell in some areas on Friday (Sept. 26), followed by some nicer weather on the weekend, said […] Read more
Prairie CWRS bids up with improving basis
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were firmer across Western Canada during the week ended Friday, lifted by improving basis levels in many areas as quality problems and slow harvest progress remain a concern for the Canadian spring wheat crop. The highest CWRS prices were still available in […] Read more
Better cash prices expected for canola, post-harvest
CNS Canada –– Farmers in Western Canada have seen weaker prices on the cash market for canola recently, due to a tumbling futures market and an influx in supply as harvest progresses. Some panic-related farmer selling off the combine, as futures continue to drop, was also contributing to the weakness. But prices should start to […] Read more
ICE weekly outlook: Canola due for corrective bounce
CNS Canada — The November ICE Futures Canada canola contract broke below the key psychological level of C$400 per tonne during the week, but recovered Wednesday to settle just above that level. In the near term, the canola market is “due for a little bit of a reprieve,” said Errol Anderson of ProMarket Communications in […] Read more
Manitoba edible bean yields ‘all over the board’
CNS Canada — Harvest of edible beans is underway in parts of Manitoba, with yields reported as variable so far. Yields on pinto beans have been reported as anywhere between 1,500 and 1,800 kilograms per hectare so far, with a range of 2,000-2,100 kg/ha on kidney and cranberry beans, according to Dennis Lange, farm production […] Read more
CBOT soybeans, corn haven’t bottomed yet
CNS Canada — Corn and soybean futures on the Chicago Board of Trade continued to drift lower during the week ended Wednesday, but haven’t bottomed yet. Terry Reilly, an analyst with Futures International in Chicago, said corn prices have another 40 cents per bushel to go before bottoming around the $3 per bushel range (all […] Read more
Man. soybeans surviving recent unfavourable weather
CNS Canada –– Many areas of Manitoba have seen unfavourable cool, wet conditions recently, with frost reported in some areas — but the province’s soybean crops seem to be holding up OK. Frost seen on Sept. 12 and 13 caused some damage to soybean crops in the province, but it was mostly minimal, said Dennis […] Read more
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