Reading Time: 2 minutes CNS Canada — Cold and wet conditions on the Prairies are expected to clear up over the next week, allowing a window of opportunity for harvest, though the size of that window remains to be seen. “Western and northern parts of Alberta have some serious issues,” said Drew Lerner of World Weather Inc. in Kansas […] Read more
Prairie harvest window possible next week
CBOT weekly outlook: Big U.S. corn yields surprise market
Reading Time: 2 minutes CNS Canada — An unexpected upward revision to this year’s U.S. corn yields sent prices dropping Wednesday, and more losses are likely, according to market analysts. The U.S. Department of Agriculture, in a report released Wednesday, pegged average corn yields at 181.3 bushels per acre — up by about three bushels per acre from the […] Read more
Smaller Manitoba soybean crop expected
Reading Time: 2 minutes CNS Canada — Like most crops grown this year, Manitoba’s soybean yields were also highly variable in 2018. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices, given prospects for a large U.S. crop. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson […] Read more
Large Canadian canola ending stocks expected
Reading Time: 2 minutes CNS Canada — Canada’s canola ending stocks as of July 31 came in at about a million tonnes above the previous year’s carryout — but were still well within trade expectations. Canola supplies as of July 31 were estimated at 2.391 million tonnes by Statistics Canada on Thursday, with 954,000 tonnes of that in commercial […] Read more
ICE weekly outlook: Yields still up in the air
Reading Time: 2 minutes CNS Canada — ICE Futures canola contracts recovered off of nearby lows over the week ended Wednesday, but failed to rise to the same extent as the product values as the commodity remains expensive compared to other oilseeds. With the harvest underway across the Prairies, traders are focused on yield estimates and the size of […] Read more
Neonic phase-out may limit flea beetle control tools
Reading Time: 2 minutes CNS Canada — The phasing out of neonicotinoid seed treatments in Canada may cause problems for the country’s canola growers when dealing with flea beetles — but alternatives pesticides could fill the gap. Health Canada’s Pest Management Regulatory Agency (PMRA) is proposing that two neonicotinoid pesticides, clothianidin and thiamethoxam, be phased out over the next […] Read more
ICE weekly outlook: Canola watching soy ahead of harvest
Reading Time: < 1 minute CNS Canada — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, although the looming harvest and weakness in CBOT soybeans could weigh on values going forward. The November canola contract held above the psychological $500 per tonne level during the week, which should be providing decent opportunities for hedging, said commodities […] Read more
Wheat futures climbing higher
Reading Time: < 1 minute CNS Canada – North American wheat prices have rallied sharply over the past few weeks and could have more room to go, especially for higher quality and higher protein wheat. After trending lower for most of June and into early July, the Minneapolis December spring wheat contract settled at US$6.2275 per bushel on July 31, […] Read more
ICE weekly outlook: Big crop keeps market under pressure
Reading Time: < 1 minute CNS Canada — ICE Futures Canada’s canola contracts were up and down during the week ended Wednesday, lacking any clear direction as values consolidated above the nine-month lows set the previous week. “Canola is a follower and does not have a mind of its own,” said analyst Wayne Palmer of Agri-Trend. The underlying fundamentals were […] Read more
CBOT weekly outlook: Soy and corn recover, but too early to call a bottom
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade recovered off of contract lows over the past week, but it’s still too early to say either commodity has found a bottom. “I’m looking for baby steps to confirm the bottom, and I haven’t seen anything of substance yet,” said Preston Zacharias, […] Read more
A message from April Stewart, Country Guide's Associate Editor
