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
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Livestock price drop being felt by farmers
The drop in the livestock markets in the past couple of months is concerning because the factors that created it…
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Can Canada break away from U.S. livestock pricing?
Pork, beef and other meat prices in Canada have been driven down over the past two months to where farmers…
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U.S.-China trade dispute continues to hold down soybean prices
Most of Ontario’s cropping region received 20 to 30 millimetres of precipitation over the past two weeks. Corn and soybeans…
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Soybean price continues to be pressured
Ontario cropping regions received above normal precipitation over the past 30 days, enhancing crop development for corn and soybeans. The…
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Watch for stronger commodity sales opportunities during the fall period
The grain and oilseed markets are digesting the Aug. 10 United States Department of Agriculture (USDA) report. U.S. corn and…
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USDA forecasts record U.S. soy stockpile as trade war roils exports
Washington/Reuters – U.S. soybean supplies were forecast to rise to the highest ever as a trade war with China, the…
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Hemp prices seen likely to stay consistent in 2019
Canola funds reduce net short position
CNS Canada — Fund traders lowered their net short positions in ICE Futures canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators decreased their net short position in canola […] Read more
U.S. grains: Soybeans down again, corn ends higher
Chicago | Reuters — U.S. soybean futures fell on Friday for a second session as traders reacted to smaller-than-expected purchases this week by China coupled with ballooning global supplies, traders said. Corn futures firmed on prospects for China to start buying U.S. supplies of the yellow grain, while wheat declined, consolidating a day after reaching […] Read more
Feed weekly outlook: Prairie feed grain market inching higher
CNS Canada — The feed grain market in Western Canada is starting to firm up as a lack of farmer selling has supplies tightening. “It seems like we’re kind of moving higher here at the moment. Markets have a firmer tone to them for now,” said Allan Pirness of Market Place Commodities in Lethbridge. “Barley […] Read more
U.S. grains: Soybeans sag as China sale fails to impress
Chicago | Reuters — U.S. soybean futures fell to a one-week low on Thursday as confirmation of a 1.13 million-tonne U.S. soybean sale to China failed to impress traders who are shifting their focus to burdensome U.S. and global supplies, analysts said. Wheat futures rose, almost hitting a two-month top, supported by signs of rising […] Read more
U.S. confirms China soybean purchase, but no clarity over more sales
Chicago/Washington | Reuters — U.S. government officials on Thursday hailed China’s first meager purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come. The U.S. Department of Agriculture (USDA) announced private sales of 1.13 million tonnes of U.S. […] Read more
Opinions differ on quinoa prices in 2019
CNS Canada — There are opposing views on what will happen with Canadian quinoa prices in 2019. One buyer believes the specialty crop will increase a few cents per pound; another believes the price will slightly decrease in the New Year. Dan Boulton of NorQuin at Saskatoon said there is a world shortage of quinoa, […] Read more
ICE weekly outlook: Cheaper canola could stir up export interest
CNS Canada — The ICE Futures canola market has seen contracts become cheaper of late, which could lead to an increase in demand — but the market is also still closely following the ongoing saga between China and the U.S. “Everybody’s just waiting for some kind of news regarding China possibly purchasing U.S. beans. They […] Read more
CBOT weekly outlook: Soybeans trend up, but trade off headlines
CNS Canada — Speculative short-covering and optimism over trade with China helped soybean and corn futures at the Chicago Board of Trade move higher over the week ended Wednesday. While additional gains are possible, both markets will take more short-term direction from the day-to-day headlines. Conflicting headlines, tweets and other commentary lead to a choppy […] Read more
U.S. livestock: Cattle hit six-week high on technical buying
Chicago | Reuters — U.S. live cattle futures rose sharply for the second straight session on Wednesday, reaching a six-week high, on technical buying and expectations that beef packers would pay higher prices for cattle this week, traders said. Cattle futures had declined earlier on Tuesday before turning higher and then surpassing the previous session’s […] Read more
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