Reading Time: 2 minutes CNS Canada — The above-normal temperatures Western Canada has generally experienced since the fall weren’t necessarily caused by an El Nino. Rather, to Agriculture and Agri-Food Canada, the phenomenon that’s likely affected the weather was a ‘blob’ that formed off of the coast of British Columbia. “It’s a big warm pocket of ocean water and […] Read more
El Nino likely not responsible for warm, dry conditions
CBOT weekly outlook: Higher prices don’t jibe with corn, soy production
Reading Time: 2 minutes CNS Canada — Trade is starting to slow down for the holiday season at the Chicago Board of Trade, which has corn and soybean traders looking at the larger picture. Scott Capinegro, a broker with Barrington Commodities at Barrington, Ill., believes prices for corn and soybeans are currently too high. “(The world) continues to plant, […] Read more
Hemp prices seen likely to stay consistent in 2019
Reading Time: 2 minutes 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
‘Bigger pie’ seen for hemp as industry evolves
Reading Time: 2 minutes CNS Canada — Canada’s hemp industry will have an eventful year in 2019 as the industry expands with more processing facilities and legislative changes. One such legislative change was the legalization of hemp in the 2018 U.S. Farm Bill. The bill passed this week in both the U.S. Senate and House of Representatives and awaits […] Read more
Opinions differ on quinoa prices in 2019
Reading Time: 2 minutes 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
Pulse weekly outlook: Market depends on India’s fortunes
Reading Time: 2 minutes CNS Canada — When it comes to Canadian pulse crops, David Newman of Commodious Trading says producers, speculators and processors are long — and that has been of great concern to him. “You have everybody wanting to sell and you better hope that there’s someone there to take all of it,” he said. The wildcard […] Read more
Quebec rye production on the rise
Reading Time: 2 minutes CNS Canada — Rye production was up in Quebec in 2018, one reason being producers supplying hybrid rye for feed to the province’s hog industry. “Feed was coming from out west, but now we’re starting to produce the seed itself here,” said Andre Lussier, who farms near St. Hyacinthe, Que. and is a director with […] Read more
Tighter StatsCan canola crop won’t affect market, analysts say
Reading Time: 2 minutes CNS Canada — Canada’s canola production has been revised lower in the latest data from Statistics Canada’s Production of Principal Field Crops report, issued Thursday. However, two observers agree the final numbers won’t have much effect on markets. “It’s not a report that’s going to allow canola to trade tremendously strong. It might trade a […] Read more
CBOT weekly outlook: Soy left hanging on changing trade truce views
Reading Time: 2 minutes CNS Canada — The initial positive outlook U.S. futures markets had toward a 90-day truce in the U.S.-China trade war is fading, leaving traders with opposing views on where Chicago soybeans are heading. In an effort to resolve their countries’ trade war, U.S. President Donald Trump and Chinese President Xi Jinping agreed to the truce […] Read more
Rye prices as good as they’re going to get
Reading Time: 2 minutes CNS Canada — At more than $7 per bushel for rye in Western Canada, Cal Vandaele believes the price has topped off. “There’s been bids touching $8,” said Vandaele, of Vandaele Seed at Medora, Man., about 120 km southwest of Brandon, adding the price will decline over the winter. “When they start getting into these […] Read more
A message from April Stewart, Country Guide's Associate Editor
