Reading Time: < 1 minute CNS Canada — Ocean freight rates are trending down, but are still well off the record lows seen exactly a year ago. The Baltic Dry Index (BDI), compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. The BDI was quoted at 702 […] Read more
Ocean freight rates pointed down, but well off year-ago lows
CBOT weekly outlook: South American weather still key for soy, corn
Reading Time: < 1 minute CNS Canada — South American weather uncertainty is lending underlying support to soybean and corn futures at the Chicago Board of Trade, with speculators likely to remain on the long side until production issues are more clearly sorted out, according to an analyst. “The funds don’t want to give up the ship, and there’s enough […] Read more
Durum acres to decline in 2017
Reading Time: < 1 minute CNS Canada –– Canadian farmers are sitting on large stocks of poor-quality durum, which should cut into acres seeded to the crop this spring. Durum stocks in the country, as of Dec. 31, 2016, came in at 6.9 million tonnes, marking a new record for that date, according to Statistics Canada data going back to […] Read more
StatsCan canola stocks in line with expectations
Reading Time: 2 minutes CNS Canada –– Canadian canola stocks may be tighter than a year ago and wheat stocks larger — but the updated numbers from Statistics Canada may also need more asterisks than normal. StatsCan, in a report released Friday, pegged Canadian canola supplies as of Dec. 31 at 12.159 million tonnes, down from 13.452 million at […] Read more
ICE weekly outlook: Canola pointed lower
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts saw a bit of a corrective bounce on Wednesday but their overall trend remains pointed lower, with the winter highs possibly in for now, according to an analyst. “The technical and the fundamentals are pointing down,” said Errol Anderson of Pro Market Communications in Calgary, pointing to […] Read more
Wheat, durum exports running behind average
Reading Time: < 1 minute CNS Canada — Canadian wheat and durum exports are running well behind the year-ago pace, despite the country’s larger production. Canadian wheat exports during the crop-year-to-date of 6.56 million tonnes compare with 8.12 million at the same point a year ago and the five-year average for week 25 of the crop year of 7.28 million, […] Read more
Canola crush margins tumble
Reading Time: < 1 minute CNS Canada — Canola crush margins dropped by more than $30 per tonne over the past two weeks, which may be putting a damper on end-user demand. As of Thursday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $100 above the March contract, which compares with levels only two weeks […] Read more
Canada’s oat acres look to rise in 2017
Reading Time: < 1 minute CNS Canada –– Canadian oat acres will likely be up in 2017, as relatively favourable cash prices draw in interest from producers, according to an oats merchandiser. Chicago Board of Trade (CBOT) oat futures have climbed sharply higher over the past month, but are still trading at a discount to the relatively steady cash market. […] Read more
CBOT weekly outlook: Soy, corn can’t keep their distance from Argentina
Reading Time: 2 minutes CNS Canada — Soybean futures at the Chicago Board of Trade posted sharp gains over the past week, as weather concerns in Argentina and a bullish U.S. Department of Agriculture report sparked a rally. South American weather also underpinned the corn market — and both commodities will be following the forecasts out of the region […] Read more
ICE weekly outlook: Canola watching South America
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, breaking below some chart resistance levels in the process. The chart pattern is turning flat, however, and further moves will likely depend on outside factors. Speculators have moved to the short side in the canola market, which accounted for some […] Read more
A message from April Stewart, Country Guide's Associate Editor
