Reading Time: 2 minutes CNS Canada — Canadian farmers could be set to seed record-large canola acres in 2017, while wheat area is generally expected to be down on the year when Statistics Canada releases its first survey-based acreage estimates of the year on Friday. From a purely economic standpoint, “canola is historically the commodity that pays the bills,” […] Read more
Trade sees record Canadian canola acres as possibility
CBOT weekly outlook: Soybeans, corn watching weather
Reading Time: 2 minutes CNS Canada — Soybean futures at the Chicago Board of Trade fell to their lowest levels of the past year on Tuesday, but bounced off of those lows as new-crop uncertainty and chart-based buying provided support. The U.S. Department of Agriculture forecast larger-than-expected world and U.S. soybean ending stocks in its monthly supply/demand report, which […] Read more
ICE weekly outlook: Steady canola awaits acreage data
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in six months during the week ended Wednesday, but uncovered support to the downside and may be entering a period of consolidation. “On canola, we’re seeing a stabilization period after a sharp downward move,” said Jerry Klassen, manager of Canadian operations with […] Read more
Growing craft beer sector thirsty for local malt
Reading Time: 3 minutes CNS Canada — Craft breweries are a growing subsector of the Canadian beer industry, but the increased variety of local drink options are not necessarily 100 per cent homegrown, as a lack of domestically produced specialty malts forces brewers to look far afield to meet their needs. “We get our base malt locally, but we […] Read more
Baltic Dry Index hits two-year highs
Reading Time: < 1 minute CNS Canada — Ocean freight rates are trending higher, with the Baltic Dry Index (BDI) hitting its highest level of the past two years on Tuesday. The BDI, compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. It was quoted Tuesday at […] Read more
Sharp futures drop sees canola crush margins rise
Reading Time: < 1 minute CNS Canada — The sharp break lower in Canadian canola futures prices on Thursday caused crush margins to rise to their widest levels since January, as the product values have not fallen to nearly the same extent. Canola Board Crush Margins calculated by ICE Futures Canada were at about $114 above the May contract as […] Read more
CBOT weekly outlook: Soy, corn await USDA reports
Reading Time: < 1 minute CNS Canada — Soybean and corn contracts at the Chicago Board of Trade find themselves in consolidation mode as traders await the release a pair of key U.S. reports on March 31. The U.S. Department of Agriculture’s first survey-based acreage estimates of the year will be released that day, while quarterly stocks data are also […] Read more
Tight chickpea supplies to limit Canadian acres
Reading Time: 2 minutes CNS Canada — Tight chickpea supplies will keep Canada from taking advantage of fresh demand out of Turkey, while any acreage increases will also be hampered by poor seed supply. Due to its own domestic chickpea shortage, Turkey recently announced it was temporarily lifting import tariffs on chickpeas. Turkey has bought Canadian chickpeas in the […] Read more
ICE weekly outlook: Canola under pressure
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts posted large losses during the week ended Wednesday, and could be due for further declines as outside market influences remain bearish. “There are no bullish factors in the market at all,” said Wayne Palmer, senior market analyst with Agri-Trend Canada, adding “we’re going lower, before we’re going […] Read more
U.S. wheat market watching weather closely
Reading Time: < 1 minute CNS Canada — U.S. wheat futures posted sharp losses over the past few weeks, but values found support on Tuesday as weather forecasts provide nearby direction, according to an analyst. Minneapolis and Kansas City wheat contracts lost roughly US30-40 cents per bushel over the past month, as ample world supplies weighed on values. “We’ve certainly […] Read more
A message from April Stewart, Country Guide's Associate Editor
