Reading Time: 2 minutes CNS Canada — Recent volatility in lightly-traded Chicago Board of Trade oats futures has not been felt in the Canadian cash market, where values look solid heading through the winter months. March oats in Chicago hit a contract high of US$3.175 per bushel on Monday, but was back trading at around US$2.90 per tonne two […] Read more
Cash oats solid, acreage increase likely in 2019
ICE weekly outlook: Canola corrects off lows, more losses possible
Reading Time: < 1 minute CNS Canada — ICE Futures canola contracts fell to their lowest levels in 15 months during the week ended Wednesday, but found some support to the downside as traders reacted to activity in the Canadian dollar and Chicago soyoil. “Canola seems to be getting some short covering after a long break (lower),” said Ken Ball […] Read more
Funds’ net short position growing in canola
Reading Time: < 1 minute CNS Canada –– Speculators added to their net short positions in canola during the week ended Tuesday, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators increased their net short position to roughly 29,400 contracts in canola during the reporting period, […] Read more
CBOT weekly outlook: Rangebound soy, corn look for fresh news
Reading Time: 2 minutes CNS Canada — With Midwestern harvest operations nearing completion for the year, rangebound U.S. grain and oilseed markets are looking for fresh news to provide direction. Soybean, corn and wheat futures all remain stuck in relatively sideways trading patterns and “the only thing that will change that is an adverse situation in South American weather, […] Read more
Canada’s malt barley courts two different buyers
Reading Time: 2 minutes CNS Canada — The rising North American craft beer sector and strong demand out of China are both good news stories for Canada’s malt barley sector. However, those two customers have different needs which can also create some challenges, said industry officials speaking Tuesday at the annual Grain World conference in Winnipeg. Lorelle Selinger, North […] Read more
Trends stand out in StatsCan crop data: report
Reading Time: 2 minutes CNS Canada — Second-guessing Statistics Canada’s crop information may be a time-honoured tradition across the Prairies, but there are trends in the data that stand out, according to a recent report from the government agency. Looking at data over the past decade, total seeded canola acres were revised higher in the June survey compared to […] Read more
Canola futures continue their slide
Reading Time: 2 minutes CNS Canada – Canola futures slid to their lowest levels in 15 months during the week ended Nov. 9, but managed to uncover some support to the downside and could be consolidating. While off-the combine deliveries were slowing down with the advent of winter, the commercial pipeline is still filled with recently harvested canola supplies. […] Read more
ICE weekly outlook: Canola market establishing a base
Reading Time: < 1 minute CNS Canada – Canola contracts on the ICE platform are trading near their lowest levels in more than a year, but could be running out of room to the downside. With the North American harvest pressure easing and the South American soybean harvest still a number of months away, canola has window of opportunity where […] Read more
Hog market in transition, low prices now to improve later
Reading Time: < 1 minute CNS Canada – Large slaughter numbers in the United States and the resulting increase in pork supplies should weigh on the Canadian hog sector in the short-term, but the long-term outlook remains more favourable, according to an analyst. “It feels like we’re in a bit of a transition time,” said Tyler Fulton, director of risk […] Read more
CBOT weekly outlook: Trade woes keep soybeans pointed lower
Reading Time: < 1 minute CNS Canada – Soybeans saw a modest corrective bounce to end the month on Oct. 31, but the general downtrend remains intact, with more losses likely, according to an analyst. “I remain bearish on soybeans over the short-term as the window is closing for the U.S. to provide China soybeans before South America comes online,” […] Read more