Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade remain rangebound overall, though there may be room to the upside despite the generally bearish underlying fundamentals, according to an analyst. While large South American crops should weigh on both commodities, U.S. production is still very much in the air as excessive […] Read more
CBOT weekly outlook: Weather concerns keep room to the upside
Prairie oats at tipping point
Reading Time: 2 minutes CNS Canada –– Seeding delays in Western Canada could see more area shift into oats, which need a shorter growing season and minimal inputs compared to other options. However, with many fields still unharvested from last year, a tipping point will eventually be reached when nothing will be seeded at all in some areas. In […] Read more
Visible Canadian canola stocks tighten
Reading Time: < 1 minute CNS Canada –– Canola supplies in commercial hands in Western Canada are tightening, with the latest Canadian Grain Commission weekly report showing only 1.05 million tonnes in the pipeline as of Sunday. Visible canola stocks are typically considered low whenever they move below one million tonnes. The current supplies on hand are the smallest since […] Read more
Canola chart turns neutral to bearish
Reading Time: < 1 minute CNS Canada –– The ICE Futures Canada July canola contract has run into resistance from a chart standpoint and nearby technical signals look neutral to bearish. The contract fell from two-month highs the past two sessions, settling right at the 20-day moving average Thursday around $518 per tonne. Prior to Wednesday’s selloff the contract was […] Read more
ICE weekly outlook: Tight supplies keep canola supported
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts were up and down during the week ended Wednesday, although the nearby bias could still be pointed higher, according to a market analyst. Statistics Canada is forecasting record canola seedings in 2017 of 22.4 million acres, but Wayne Palmer of Agri-Trend Marketing in Winnipeg said actual seeded […] Read more
Sunflowers down, but not out in Western Canada
Reading Time: < 1 minute CNS Canada — Canadian sunflower plantings will be down in 2017, but perhaps not by as much as the official government estimate. Statistics Canada forecast the country’s sunflower area at only 50,000 acres in its planting intentions report. That would be down from 70,000 the previous year and the second-lowest acreage base of the past […] Read more
Mustard acres feeling squeeze from canola
Reading Time: 2 minutes CNS Canada –– Following the largest mustard crop in more than a decade in 2016, supply/demand fundamentals are expected to spur a reduction in Canadian mustard seedings in 2017. However, with more and more cropland moving into canola, mustard acreage increases may be limited in future years when supplies are tight again. After growing the […] Read more
Weather may put wrench in record-low summerfallow intentions
Reading Time: < 1 minute CNS Canada –– The amount of land left to summerfallow in Western Canada could hit a new record low in 2017, according to the latest Statistics Canada data, as the practice falls more and more out of favour. However, weather conditions still have the final say, with ‘unintended’ summerfallow a distinct possibility in 2017. Heading […] Read more
CBOT weekly outlook: U.S. weather supports corn, weighs on soy
Reading Time: 2 minutes CNS Canada –– Soybean and corn futures at the Chicago Board of Trade came under pressure over the past week, but are expected to see divergent moves in the near future as poor planting weather in the U.S. Midwest may see acreage shift out of corn and into soybeans. News that U.S. President Donald Trump […] Read more
ICE weekly outlook: Rising canola watching weather
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as weather concerns mounted across the Canadian Prairies. While it’s still early in the Canadian planting season, persistent cool and wet conditions in many areas could lead to delays, said Mike Jubinville of ProFarmer Canada. Uncertainty over how much canola […] Read more
A message from April Stewart, Country Guide's Associate Editor
