CNS Canada — The thought of sizzling days near the end of May 2017 is helping keep feed barley prices in Western Canada well supported, according to a market-watcher. “There is that memory of last year’s drought and seeing temperatures in the high 20s and 30s at the end of May,” said Allan Pirness of […] Read more
Tag Archives new-crop — page 7
Feed weekly outlook: Barley prices hang tight, await new crop
Feed weekly outlook: Prairie grain prices start to soften
CNS Canada — After a winter with tight supplies leading to a feed grain price rally in Western Canada, prices are starting to back off. “It’s been breaking free a little bit. Kind of surprisingly this year it took till seeding time to see that happen. We’ve seen markets rally right up till May,” said […] Read more
Canola stocks comfortable, eyes on new crop
CNS Canada — Canadian canola stocks are rather large heading into the new growing season, but attention now is firmly on new-crop production. Statistics Canada on Friday pegged canola supplies in the country as of March 31 at 9.1 million tonnes, the second-largest on record for that time of year and about 1.1 million tonnes […] Read more
ICE weekly outlook: Canola hits resistance
CNS Canada — ICE Futures Canada canola contracts moved higher over the past week, but may be running into resistance to the upside. “I’m sensing that canola is at the top end of the range,” said Errol Anderson of ProMarket Communications in Calgary, noting much of the recent strength was tied to advances in Chicago […] Read more
Traders look to new crop following StatsCan stocks estimates
CNS Canada — Canadian canola stocks were relatively tight at the close of the 2016-17 crop year, which should be underpinning the market as the trade works to get a better handle on new-crop production. In a report released Wednesday, Statistics Canada pegged Canadian canola supplies as of July 31 at 1.35 million tonnes, compared […] 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
ICE weekly outlook: Canola looks for support from new crop
CNS Canada — ICE Futures Canada canola contracts finished lower during the week ended Wednesday but attention in the market is turning to the new crop — and to North American acreage expectations. During the week, the dominant May canola contract fell $9.20, from $510.80 per tonne to $501.60. Large funds have now flipped to […] Read more
ICE weekly outlook: ‘Time will tell’ for canola after drop
CNS Canada — Canola contracts on the ICE Futures Canada platform dropped sharply during the week ended Wednesday, falling below major support as some stops were hit on the way down. While damage was done from a chart standpoint, end-user demand remains solid and “time will tell” if the downtrend continues or if canola manages […] Read more
Time running out for high durum prices
CNS Canada –– Good-quality durum has enjoyed large premiums over other wheat classes this past year, but opportunities for any unpriced durum still left to sell may be getting harder to find, as attention turns to large global new-crop projections. Durum prices today are topping out at about $9.75 per bushel in Saskatchewan, according to […] Read more
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