Reading Time: 2 minutes CNS Canada — Second-guessing Statistics Canada’s crop information may be a time-honoured tradition across the Prairies, but there are trends in the data that stand out, according to a recent report from the government agency. Looking at data over the past decade, total seeded canola acres were revised higher in the June survey compared to […] Read more
Trends stand out in StatsCan crop data: report
Canola futures continue their slide
Reading Time: 2 minutes CNS Canada – Canola futures slid to their lowest levels in 15 months during the week ended Nov. 9, but managed to uncover some support to the downside and could be consolidating. While off-the combine deliveries were slowing down with the advent of winter, the commercial pipeline is still filled with recently harvested canola supplies. […] Read more
ICE weekly outlook: Canola market establishing a base
Reading Time: < 1 minute CNS Canada – Canola contracts on the ICE platform are trading near their lowest levels in more than a year, but could be running out of room to the downside. With the North American harvest pressure easing and the South American soybean harvest still a number of months away, canola has window of opportunity where […] Read more
Hog market in transition, low prices now to improve later
Reading Time: < 1 minute CNS Canada – Large slaughter numbers in the United States and the resulting increase in pork supplies should weigh on the Canadian hog sector in the short-term, but the long-term outlook remains more favourable, according to an analyst. “It feels like we’re in a bit of a transition time,” said Tyler Fulton, director of risk […] Read more
CBOT weekly outlook: Trade woes keep soybeans pointed lower
Reading Time: < 1 minute CNS Canada – Soybeans saw a modest corrective bounce to end the month on Oct. 31, but the general downtrend remains intact, with more losses likely, according to an analyst. “I remain bearish on soybeans over the short-term as the window is closing for the U.S. to provide China soybeans before South America comes online,” […] Read more
ICE weekly outlook: Canola funds maintain net long position
Reading Time: < 1 minute CNS Canada – Speculators grew their net long positions in the ICE canola market slightly during the week ended Oct. 23, while commercial traders built their positions on the short side, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable […] Read more
ICE weekly outlook: Market watching late harvest
Reading Time: < 1 minute CNS Canada – Canola futures have found themselves in a downward slide, with the market settling right above major support levels on Oct. 24. The January contract finished Wednesday’s session at C$491 per tonne, which was right above major support at C$490 per tonne. “If it legs down, I think a swing target could be […] Read more
Manitoba edible bean harvest wraps up
Reading Time: 2 minutes CNS Canada – After a long and drawn out harvest Manitoba farmers have finally finished bringing in this year’s edible bean crop. While the late harvest raised quality concerns in the province, ample North American supplies should limit the upside price potential. “The harvest started really early, and we were moving at a pretty good […] Read more
Canola funds cover shorts, move to net long
Reading Time: < 1 minute CNS Canada — Speculators covered short positions in the ICE Futures canola market during the week ended Tuesday, moving from a net short position to a small net long position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators moved from […] Read more
CBOT weekly outlook: Soybeans trend higher, with meal
Reading Time: < 1 minute CNS Canada –– Soybean and corn futures at the Chicago Board of Trade both saw some strength over the past week, and could see some additional upside, according to an analyst. Harvest delays due to poor weather and speculative short-covering accounted for some of the recent strength in the futures, according to Sean Lusk, director […] Read more
A message from April Stewart, Country Guide's Associate Editor
