Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) moved higher during the week ended Wednesday, as rainfall over parts of the U.S. Midwest caused harvest delays. “The lows were put in at the beginning of October, and we’ve seen a nice rally off of that,” said market analyst Bryan […] Read more
Harvest pressure looms for corn, soybean futures
U.S. wheat futures rising, but watching corn and beans
Reading Time: < 1 minute CNS Canada — U.S. wheat futures have shown some strength over the past month, but advancing harvest pressure from soybeans and corn may come forward to limit any additional independent strength in wheat over the next few weeks. After setting contract lows on Oct. 1, all three U.S. wheat markets have trended higher through the […] Read more
Quality, calibre key for chickpeas going forward
Reading Time: 2 minutes CNS Canada — Saskatchewan farmers are still putting the finishing touches on this year’s chickpea harvest, with quality and calibre the two most important pricing factors to watch going forward. “We’re seeing a wide range of quality — everything from decent to significantly damaged,” said Colin Young of Midwest Investments in Moose Jaw. While green […] Read more
Relative oats strength running into resistance
Reading Time: 2 minutes CNS Canada –– Oats bids in Western Canada are holding steady for the time being, but could be due for a setback given the weak U.S. corn market and declining nearby demand. “My bias is towards oats prices going down in relation to other commodities,” said Ryan McKnight of Linear Grain at Carman, Man. Demand […] Read more
Canaryseed market quiet, but watching Europe
Reading Time: < 1 minute CNS Canada — Saskatchewan’s canaryseed harvest in Saskatchewan is moving along, although with production only up slightly on the year and demand steady for the time being, the market is relatively quiet. European demand, however, could be one supportive influence going forward. Current canaryseed prices range from about 22 to 24 cents per pound, and […] Read more
Shortlines shortchanged in Western Canada
Reading Time: 3 minutes CNS Canada — Western Canada’s shortline railways are getting the short end of the stick as they struggle to meet their own commitments moving grain and other products along their tracks. A backlog of grain on the Prairies over the past winter, linked in part to poor rail movement, prompted the federal government to implement […] Read more
ICE weekly outlook: Canola choppy with outside markets
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts were up and down during the week ended Wednesday, but managed to post gains overall as a weaker Canadian dollar and spillover from the advances in CBOT soybeans provided support. Whether strength in canola will continue remains to be seen. “All of these gyrations of late (in […] Read more
Unknowns keep lentil bids strong
Reading Time: 2 minutes CNS Canada — Lentil bids in Western Canada continue to show strength, but with the size and quality of this year’s crop still very much unknown, the highs may be in for the time being. “I don’t think there is anyone who really knows exactly what’s out there,” said David Newman of Victoria-area pulse trading […] Read more
Tighter supplies of higher-quality durum boosting bids
Reading Time: 2 minutes CNS Canada — Tight European supplies of high-quality durum are boosting North American prices for the grain — but there are also quality issues with the Canadian and U.S. crops limiting how much durum will actually be sold at those stronger prices. “There is a very large durum program to northern Europe this year,” said […] Read more
November canola back above 30-day average
Reading Time: < 1 minute CNS Canada –– A record-large U.S. soybean crop remains a bearish anchor on Canadian canola futures — but recent activity has shifted some technical indicators higher. The November canola contract on ICE Futures Canada has held consistently below the 30-day moving average since May, but finally settled above that line on Monday. The 30-day moving […] Read more
A message from April Stewart, Country Guide's Associate Editor
