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
Sunflowers down, but not out in Western Canada
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
Trade sees record Canadian canola acres as possibility
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
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