Reading Time: < 1 minute CNS Canada — Soybean, corn and wheat futures in the U.S. are all seeing some strength from weakness in the U.S. dollar, and could have more room to the upside as speculators cover large net short positions. “The managed money is just looking for trades of value,” said Sean Lusk of Walsh Trading in Chicago. […] Read more
CBOT weekly outlook: Falling greenback boosts U.S. grains
Prairie grain movement not perfect, but not in crisis
Reading Time: 2 minutes CNS Canada — Canadian grain exports are moving out of the country at a similar pace as they were a year ago, but there are still some challenges along the logistical chain. “Right now we’re looking at the second largest supply of grain that we’ve ever had to move,” said Mark Hemmes, president of Quorum […] Read more
Funds building large net short position in canola
Reading Time: < 1 minute CNS Canada — Fund traders are sitting on large net short positions in ICE Futures Canada canola and likely have room to add to those positions, which should keep values under pressure. While there is no official reporting on fund positions in the ICE Futures Canada market, as there is in the U.S., traders estimate […] Read more
ICE weekly outlook: Sideways canola looks for direction
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts remain stuck in a sideways trading pattern, with little hint of which way values will eventually break. Canola “is getting tugged from different sources,” said Ken Ball of PI Financial in Winnipeg, adding that “it could go up or down $5 depending on what happens around it.” […] Read more
Steady to lower durum market expected
Reading Time: 3 minutes CNS Canada — Larger-than-expected production, a seasonal slowdown in demand and looming Italian country-of-origin-labeling regulations all loom over the Canadian durum market, with steady to lower prices anticipated over the next few months. Italian COOL regulations are set to come into effect in mid-February and require pasta makers in the country to segregate foreign durum, […] Read more
More snow lately over the Sahara than the Prairies
Reading Time: 2 minutes CNS Canada — Parts of the Sahara Desert received rare snowfall over the past week, with up to 40 cm falling in the Algerian desert town of Ain Sefra. That freak snow — only the third time in 40 years — made for some fantastic photographs before melting, but would be more welcome in Western […] Read more
CBOT weekly outlook: Markets await USDA reports
Reading Time: < 1 minute CNS Canada — Updated production, stocks and acreage numbers due out from the U.S. Department of Agriculture on Friday should provide some nearby direction for U.S. grain and oilseed markets. “I can’t really get too bullish on the bean market with the large USDA estimates hanging over our heads,” said Terry Reilly of Futures International […] Read more
ICE Canada Weekly Outlook: Canola stuck in sideways pattern
Reading Time: < 1 minute CNS Canada – ICE Futures Canada canola contracts may be showing some strength to start the New Year, but the overall trend remains sideways, according to an analyst. “Everything is hovering around C$500, which has been a magnet for the past year-and-a-half,” said David Derwin, Commodities Investment Advisor with PI Financial. The most active March […] Read more
CBOT weekly outlook: Corn, soy trade watching South America
Reading Time: < 1 minute CNS Canada –– Seasonal holiday trade could lead to some choppiness in the Chicago Board of Trade soybean and corn markets over the next week, although the general bias will likely remain pointed lower in the New Year, barring a weather scare out of South America. “There’s a reluctance to take on new positions ahead […] Read more
Bearish chart signals keep canola pointed lower
Reading Time: < 1 minute CNS Canada — Canola contracts on the ICE Futures Canada platform have lost roughly $30 per tonne over the past month and have more room to the downside from a chart standpoint. The nearby January contract settled Monday at $491.20 per tonne, just above the September low of $489.50. A break below that point would […] Read more
A message from April Stewart, Country Guide's Associate Editor
