Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts held within a narrow $5 range over the past week, lacking any significant fundamental news one way or the other as market participants look for direction. “There’s just no news in the market,” said analyst Wayne Palmer of Agri-Trend. He thought prices would eventually move higher, but […] Read more
ICE weekly outlook: Canola flat, awaiting spark
ICE weekly outlook: Harvest pressure set to increase
Reading Time: < 1 minute CNS Canada — The canola market will likely be tested in coming days as harvest pressure, both north and south of the border, intensifies. While futures enjoyed a bounce upward following a bearish report from the U.S. Department of Agriculture on Tuesday, the technical bias appears to be pointed lower. The front-month November contract at […] Read more
Farmers to deal with stronger loonie for rest of 2017
Reading Time: 2 minutes CNS Canada — Higher interest rates and a stronger Canadian dollar relative to U.S. currency is giving Canadian farmers a double whammy. According to Farm Credit Canada’s chief agricultural economist, it’s also a situation farmers will likely have to deal with for at least the remainder of the year. J.P. Gervais said he thinks farmers […] Read more
Diesel prices soften, but watching U.S. infrastructure plan
Reading Time: 2 minutes CNS Canada — Sinking prices for crude oil and a softer Canadian dollar have kept diesel prices relatively low for Canadian farmers in 2017, and they could be heading lower, as long as U.S. President Donald Trump’s infrastructure plan doesn’t get in the way. “I would probably say in Canada you’re going to see numbers […] Read more
Plentiful feed supplies weigh on feed barley prices
Reading Time: < 1 minute CNS Canada — A steady stream of fusarium-damaged wheat is flooding Alberta feedlots these days, giving ranchers a variety of choices on what they can give to their animals — but also keeping feed barley prices in check. “That has definitely been heavy on the barley,” said Allan Pirness of Marketplace Commodities in Lethbridge. That […] Read more
OPEC announcement could boost ag markets, maybe
Reading Time: 2 minutes CNS Canada — The bearish malaise that has gripped the North American agricultural market shows no sign of breaking soon, and it could take a major disruption, say such as a hike in oil prices, to lead the way higher, according to some industry watchers. “Let’s say we go to US$55 (per barrel). That would […] Read more
My crystal ball shows risk in expecting higher food prices
The world will need more food but unless production increases can’t meet that demand, today’s prices probably won’t change much
Reading Time: 2 minutes I attended the annual conference of the Agricultural and Applied Economics Association, held recently in Boston. Conferences of this type are always tainted by the flavour du jour. Hence, no surprise that conversations were dominated by the current downturn in U.S. agriculture. I was left with a couple of key takeaway thoughts for Canadian agriculture. […] Read more
Loonie tanks post-Brexit, but benefits minimal for farmers
Reading Time: 2 minutes CNS Canada — The Canadian dollar slipped after Britain voted Thursday to leave the European Union, a trend which one financial analyst expects to continue in an otherwise uncertain environment. But the loonie hasn’t fallen far enough to bring support to Canadian commodity markets. “Short-term, we’re going to be dealing with the day-to-day volatility and […] Read more
ICE weekly outlook: Canola establishes range
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola suffered small losses during the week ended Wednesday, with both the July and November contracts chopping around the $520 per tonne mark. Losses in the Chicago Board of Trade (CBOT) soy complex weighed on canola. However, it lagged the U.S. market while receiving support from declines in the […] Read more
ICE weekly outlook: Canola’s fate rests on fund buying
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, following strength in CBOT (Chicago Board of Trade) soybeans, but one analyst says it could be hard for the market to hold onto those advances. CBOT soybeans rallied Tuesday after the U.S. Department of Agriculture released bullish supply and demand […] Read more
A message from April Stewart, Country Guide's Associate Editor
