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
Sharp futures drop sees canola crush margins rise
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
Sideways canola futures well above chart support
Reading Time: < 1 minute CNS Canada — Canola remains stuck in a sideways trading range well above major chart support, despite losses in the U.S. soy complex. The May soybean contract at the Chicago Board of Trade fell sharply below the 200-day moving average of US$10.20 per bushel on Thursday, as that market had a bearish reaction to the […] Read more
Manitoba storm may cause more than travel delays
Reading Time: 2 minutes CNS Canada –– Road closures across most of western Manitoba due to a late-winter storm are likely only the start of the headaches to come, as flooding and/or late seeding may be a reality in many areas this spring. Meteorologist Drew Lerner of World Weather Inc. in Kansas City said he was optimistic on moisture […] Read more
Canola’s impact shown throughout Canadian economy
Reading Time: 2 minutes CNS Canada –– Like a rock thrown in a lake creates ripples on shore, a new study commissioned by the Canola Council of Canada shows the sector’s impact is growing larger — causing ripples to turn to waves. Canola’s value to the Canadian economy has tripled over the past decade to $26.7 billion a year, […] Read more
CBOT weekly outlook: Traders look for fire behind the smoke
Reading Time: 2 minutes CNS Canada –– Rumoured changes to U.S. renewable fuels policy gave corn and soybean futures at the Chicago Board of Trade a boost this week — but it will likely take confirmed fundamental news for the advances to be sustained. The unconfirmed reports circulating the market on Tuesday were that U.S. President Donald Trump was […] Read more
Wheat disease risk sees farmers looking to oats
Reading Time: < 1 minute CNS Canada — Canadian farmers are showing an increased interest in seeding oats this spring, despite a lack of activity from a pricing standpoint, as quality concerns in wheat and barley have growers looking to other cereals. “We are seeing a huge influx of acres into oats,” said Scott Shiels, grain procurement merchant with Grain […] Read more