Reading Time: 2 minutes CNS Canada — Disruptions in marketing to India may have cut into prices for peas and lentils over the past year, but farmers in Saskatchewan did not shift their pulse acreage intentions for 2018 all that much according to the results of Statistics Canada’s latest survey, released Friday. Saskatchewan farmers intend to seed 2.171 million […] Read more
Pulse weekly outlook: Saskatchewan acreage ideas hold firm
ICE weekly outlook: Sturdy canola watching weather
Reading Time: 2 minutes CNS Canada — Canola futures are trading at roughly the same level they were a month ago, but the commodity is looking much more expensive from an end-user’s perspective, as crush margins have lost about $25 per tonne since the middle of March. “The Canadian dollar has been going up and bean oil is making […] Read more
Feed weekly outlook: Late winter underpins Prairie barley bids
Reading Time: < 1 minute CNS Canada — Lingering winter weather across the Prairies means cattle are eating more grain, but the possibility of delayed seeding also means farmers with grain to sell are eyeing better prices. “As the winter continues to hang on, cattle producers are continuing to have to feed (grain) until they can get their cattle out […] Read more
Canola chart points to bearish reversal
Reading Time: < 1 minute CNS Canada — After hitting a contract high Monday, the ICE Futures Canada July canola contract subsequently turned decidedly lower to form a key reversal pattern from a chart perspective. July canola hit a high of $539.50 per tonne Monday, but settled right around where it started, near the lows of the day, at $536.70. […] Read more
ICE weekly outlook: Canola watching U.S./China spat
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts moved steadily higher over the past week as grain markets reacted to a mounting trade dispute between China and the U.S. While no sanctions are yet in place, the back-and-forth sabre-rattling between the two countries now includes proposed Chinese tariffs on U.S. soybeans, which weighed heavily on […] Read more
Pulse weekly outlook: Manitoba may give peas a chance
Reading Time: 2 minutes CNS Canada — Total Canadian pea acres are likely to be down in 2018 as export challenges have cut into prices. However, Manitoba could be an outlier, with increased area to the pulse crop a strong possibility. “People are interested in growing peas, but there’s caution there,” said Francois Labelle, executive director of Manitoba Pulse […] Read more
CBOT weekly outlook: Soy, corn market attention shifts north
Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower over the past week, but stabilized at those lows as attention shifts from weather concerns in Argentina to planting intentions in North America. Rains in Argentina over the past weekend helped ease dryness concerns there somewhat and caused soybeans and […] Read more
Pulse weekly outlook: Manitoba bean acres depend on soy
Reading Time: 2 minutes CNS Canada — After Manitoba in 2017 grew its largest edible bean crop in more than a decade, a downturn could be expected in 2018. However, new-crop pricing opportunities look favourable and industry participants say it’s still too early to get a firm sense on seeding intentions. “The pinto market is long in terms of […] Read more
ICE weekly outlook: Canola bids ‘not too bad’
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts have seen some large price swings over the past two weeks, but the bids in the countryside remain relatively favourable overall, according to an analyst. The May contract hit a nearby high of $530.50 per tonne on March 5 before dropping to a session low of $511.50 […] Read more
Feed weekly outlook: Canada importing more U.S. DDGS
Reading Time: 2 minutes CNS Canada — A better-quality Canadian grain crop in 2017 has opened the door to increased imports of distillers dried grains with solubles (DDGS) from the U.S., as Canadian livestock feeders look for other options. Canada imported about 700,000 tonnes of the ethanol byproduct from the U.S. in 2017, the largest imports since 2011 and […] Read more
A message from April Stewart, Country Guide's Associate Editor
