Reading Time: 2 minutes CNS Canada — Minneapolis spring wheat futures are pulling away from their winter wheat counterparts, as quality issues with the North American spring wheat crop bring in protein premiums, according to an analyst who said there was more room to the upside in spring wheat. Kansas City and Chicago winter wheat contracts hit 10-year lows […] Read more
MGEX spring wheat futures pull away from winter wheat
Hasta la vista, meat; more pulses needed to feed hungry world
Call to reduce world meat consumption could benefit Canada's pulse growers
Reading Time: 5 minutes Everyone from university professors to investment bankers and even Arnold Schwarzenegger are adding their voices to calls for reducing world meat consumption, in favour of a greater focus on plant-based proteins. As that sentiment mounts, it could bode well for Canada’s pea and lentil growers. A group of investors representing US$1.25 trillion in assets is […] Read more
CBOT weekly outlook: More losses likely as U.S. harvest pressure mounts
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade are both trending lower and should continue to do so, as seasonal harvest pressure and large production estimates will limit the upside potential over the next few weeks. “To some extent, the large crops are dialed in to our prices,” said Rich […] Read more
Canola crush running close to full capacity
Reading Time: < 1 minute CNS Canada — Canadian canola processors are running at close to full capacity, with a near record weekly crush posted during the week ended Wednesday. The weekly canola crush, during the week ending Sept. 21, hit 190,623 tonnes — the second largest on record, according to Canadian Oilseed Processors Association (COPA) data. Crushers were operating […] Read more
CBOT weekly outlook: Harvest pressures run up against harvest conditions
Reading Time: < 1 minute CNS Canada — Soybean futures at the Chicago Board of Trade moved higher during the week ended Wednesday, as a rally in soyoil, solid export demand and concerns over harvest delays across the U.S. Midwest all provided support. The U.S. soybean harvest was just getting started, with four per cent in the bin as of […] Read more
ICE weekly outlook: Canola crop size watched closely
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, although prices remain rangebound overall as market participants continue to try and get a better handle on the size of this year’s Canadian crop. While seasonal harvest pressure may be tempering the upside potential, that selling has not been as […] Read more
Grain trade still wary of satellite-based StatsCan estimates
Reading Time: 2 minutes CNS Canada — Statistics Canada’s second attempt at using satellite imagery to determine the size of the country’s crops is in line with trade guesses when it comes to canola — but market participants are still taking the new methodology with a grain of salt. The model-based principal field crop estimates, released Tuesday, are calculated […] Read more
Hog profits disappear as U.S. futures crash
Reading Time: < 1 minute CNS Canada — A sharp drop in the U.S. hog futures over the past week is cutting into the profitability of the Canadian sector as well, with a turn higher unlikely in the near term. U.S. lean hog futures set new contract lows over the past week, as large North American supplies and expectations for […] Read more
Pulses stranded at sea as shipping company flounders
Reading Time: < 1 minute CNS Canada — The bankruptcy of a major Korean shipping company has raised some concerns for Canadian pulse crops moving by container, but any disruptions to movement will likely be minor, according to an industry analyst. Hanjin Shipping Co., the world’s seventh-largest container shipping company, declared bankruptcy on Aug. 31, leaving more than half of […] Read more
Large old-crop canola stocks raise new-crop questions
Reading Time: 2 minutes CNS Canada — Canada grew a million more tonnes of canola in 2015-16 than originally reported, according to updated numbers from Statistics Canada, released Wednesday in connection with the Stocks of Principal Field Crops as of July 31 report. The unexpected revision to the old-crop production now has many industry participants questioning just how large […] Read more
A message from April Stewart, Country Guide's Associate Editor
