Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade have come down over the past week, and may be headed lower as both fundamental and technical signals look bearish. January soybeans have a downside target of $9.40-$9.50 per bushel, said Terry Reilly of Futures International in Chicago (all figures US$). Improving […] Read more
CBOT weekly outlook: Soybeans, corn trending lower
ICE weekly outlook: Canola faces supply questions
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as persistent weather problems in Western Canada and gains in world vegetable oil markets provided support. “The most important variable for the canola market is trends in the global vegetable oil markets,” said Mike Jubinville of ProFarmer Canada, noting tight […] Read more
CBOT weekly outlook: Harvest pressure seen easing
Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, with soybeans leading to the upside on the back of solid export demand and a rally in world vegetable oil markets. The front-month contract moved well above the psychological $10 per bushel mark, which may […] Read more
Rising feed grain prices set to hit seasonal plateau
Reading Time: < 1 minute CNS Canada –– Feed barley bids in Alberta have shown some strength over the past few weeks, but may be nearing their highs if seasonal price trends come into play. Barley in the key cattle feeding area of Lethbridge, Alta. is currently trading at about $170 per tonne, up by about $10 over the past […] Read more
Prairies tell a tale of two flax crops
Reading Time: < 1 minute CNS Canada — A large portion of Canada’s flaxseed crop is still in the field, leaving questions over the size and quality of what will eventually be harvested. About a third of the flaxseed crop is still left in the field in Saskatchewan, by the estimate of Tom Leier, senior grain buyer with Scoular Special […] Read more
CBOT weekly outlook: Large U.S. soy, corn crops hit resistance
Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade have moved up over the week ended Wednesday, but remain stuck in sideways trading ranges overall as large crops find themselves countered by equally large demand. “It’s a tug-of-war between the biggest supply ever, versus some of the strongest demand we’ve ever […] Read more
Snow causing more harvest grief in Alberta, Saskatchewan
Reading Time: < 1 minute CNS Canada — Snow and freezing rain continues to hamper harvest progress across a large portion of Alberta and Saskatchewan. Environment Canada issued weather warnings and alerts for much of central and northern growing regions of Alberta and Saskatchewan on Friday. Up to 15 cm of snow are forecast, with freezing rain also likely in […] Read more
ICE weekly outlook: Canola watching weather
Reading Time: < 1 minute CNS Canada — Snow, rain and cold temperatures over the past week helped canola futures trend higher, hitting their strongest levels in three months. With about a fifth of the crop facing harvest delays, more gains are possible, but the large U.S. soybean crop remains a bearish influence in the background. “Farmers continue to struggle […] Read more
Canola technicals rangebound
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts may have seen some weather-related strength over the past week, but technical signals remain relatively flat overall. The November contract settled Friday at $469.80 per tonne, nearing the high end of a corkscrew pattern — a series of higher lows and lower highs — going back over […] Read more
Manitoba sunflowers ready for harvest
Reading Time: < 1 minute CNS Canada — Most sunflower fields in southern Manitoba are ready for harvest, but the province first needs to see some drier weather. A handful of fields have seen some harvest activity already, “but the bulk is still to come,” said Ben Friesen, purchasing manager with Scoular Canada at Winkler, Man. “If the sun shines, […] Read more
A message from April Stewart, Country Guide's Associate Editor
