Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola futures find themselves at a bit of a tipping point from a chart standpoint, with the most active March contract settling right at the $500 per tonne mark on Tuesday. In addition to being a psychological benchmark, $500 is also within 30 cents of the 200-day moving average […] Read more
Tipping point seen for March canola
Durum marketing 101
Durum is grown in a few distinct regions of the world, and problems in just one can mean a sharp change in prices
Reading Time: 4 minutes If you’re selling bread wheat — Triticum aestivum — there’s a new price signal literally every second as it’s traded on futures markets. If you’re selling its cousin T. durum, finding a fair value is another matter. There’s no viable futures market for durum wheat, and there can be days or even weeks between trades […] Read more
Canola crushers running at full steam
Reading Time: < 1 minute CNS Canada — Canadian canola crushers showed no signs of slowing down their record pace over the Christmas and New Year’s holidays, with the weekly crush topping 200,000 tonnes for only the second time ever. The canola crush during the week ended Wednesday came in at 200,294 tonnes, according to the most recent Canadian Oilseed […] Read more
Hog sector optimistic heading into New Year
Reading Time: 2 minutes CNS Canada –– A rally in U.S. hog futures over the past few weeks is also being felt in the Canadian industry, which has brought some optimism to the sector heading into the New Year. “The isoweans are stronger, which tells us that there is greater demand in the U.S. going into the spring and […] Read more
Canadian canola exports picking up
Reading Time: < 1 minute CNS Canada — Weekly Canadian canola exports hit their second-highest level of the marketing year to date during the latest reporting period, although total out-of-country business is still running behind the year-ago level. Canada exported 293,300 tonnes of canola during the week ended Sunday, according to the latest Canadian Grain Commission data. That compares with […] Read more
Tight high-protein supplies underpin Minneapolis wheat
Reading Time: 2 minutes CNS Canada — Spring wheat futures in Minneapolis are outpacing the Chicago and Kansas City winter wheats to the upside, and tight world supplies of higher-protein wheat should remain supportive until the 2017 North American crop becomes better known. “A lot of it is the protein market,” said analyst Bryan Strommen of Progressive Ag in […] Read more
CBOT weekly outlook: Soy, corn watch South American weather
Reading Time: < 1 minute CNS Canada — Soybean futures at the Chicago Board of Trade moved lower during the week ended Wednesday, while corn held steady, with South American weather conditions expected to provide much of the direction going forward. “We’re pretty much trading one weather report at a time,” said Sean Lusk, director of commercial hedging with Walsh […] Read more
Large yields keep Manitoba farmers looking to corn
Reading Time: 2 minutes CNS Canada — Manitoba corn growers saw record yields this year despite an adverse harvest — and that trend of big crops is expected to continue, as varieties improve and more farmers commit to the crop. “It appears that the trend is headed toward larger (corn) crops,” said Myron Krahn, president of the Manitoba Corn […] Read more
ICE weekly outlook: ‘Toppy’ canola could still go higher
Reading Time: 2 minutes CNS Canada — Canola futures have trended higher in the most active nearby contracts in recent weeks, but still remain underpriced compared to soybeans. From a chart perspective, ICE Futures Canada’s January contract is trading at the highest levels for the front month in two and a half years. However, while “the charts may be […] Read more
Focus on quality, not quantity following StatsCan report
Reading Time: 1 minute CNS Canada –– This year’s Canadian wheat production was up considerably from last year, according to updated estimates from Statistics Canada — but the quality of that crop remains questionable. All-wheat production (spring, winter and durum wheat combined) was pegged at 31.7 million tonnes in 2016-17, which compares with 27.6 million in 2015-16. Of that […] Read more
A message from April Stewart, Country Guide's Associate Editor
