Crops , Latest & Featured - Canadian Cattlemen

January 2017 canola, including 20-day moving average and (in separate graph at bottom) RSI, from June through to Nov. 24, 2016. (Barchart.com)

Canola nearing chart resistance

By Phil Franz-Warkentin November 24, 2016

CNS Canada –– ICE Futures Canada canola contracts have trended higher for the past two weeks, with a rally in Chicago Board of Trade soyoil providing an added boost on Wednesday. While the nearby technical signals may be pointing higher, canola is also nearing major chart resistance. The January contract closed Thursday at $527.40 per […] Read more

Canola, Crops, Markets

ICE weekly outlook: Traders look to StatsCan, U.S. veg oil

By Jade Markus November 23, 2016

CNS Canada — With questions about the size of Western Canada’s canola crop remaining, ICE Futures Canada traders are looking to an upcoming Statistics Canada report for indications on where to move next. Sharp advances in the Chicago Board of Trade soyoil market underpinned canola on the week, and investors are waiting to see if […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soy, corn still rangebound despite recent gains

By Phil Franz-Warkentin November 23, 2016

CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, but have little fundamental reason to continue in that direction, according to an analyst. Looking at corn, that market will be stuck in a sideways trading range for the foreseeable future, according to Preston Zacharias, […] Read more

Crops, Markets, Pulses

Most Canadian chickpeas headed for feed market

By Phil Franz-Warkentin November 23, 2016

CNS Canada — Low yields and poor quality have caused Canadian chickpea price quotes to shoot higher. Very little of the crop actually falls under the top grades, however, leaving the bulk of the marketing to take place in the feed sector. “The chickpea harvest has been an unmitigated disaster,” said Colin Young of Midwest […] Read more

Crops, Markets, Reuters

U.S. grains: Soyoil jumps on new U.S. biofuel targets

By Julie Ingwersen November 23, 2016

Chicago | Reuters — Chicago Board of Trade soyoil futures surged nearly seven per cent on Wednesday after the U.S. government released final requirements for biofuel use for next year, analysts said. The strength in soyoil lifted soybeans, but CBOT wheat closed lower and corn was narrowly mixed, pressured by a stronger U.S. dollar and […] Read more

Health Canada is calling for a three- to five-year phase-out of imidacloprid from farm use over potential risks to aquatic insects such as mayflies. (OttawaRiverkeeper.ca)

Crops

PMRA seeks phase-out for neonic pesticide imidacloprid

By Canadian Cattlemen Staff November 23, 2016

Canadian farm use of the pesticide imidacloprid, from the controversial neonicotinoid family, is facing a three- to five-year phase-out from approval over its potential risks to aquatic insects. Health Canada’s Pest Management Regulatory Agency (PMRA) on Wednesday announced it had completed a re-evaluation of the pesticide and has kicked off a 90-day public consultation period, […] Read more

The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)

Crops, Reuters

U.S. ups biofuel requirements in win for Big Corn

By Reuters November 23, 2016

New York | Reuters — The U.S. government on Wednesday announced finalized targets for biofuel use for next year, requiring that energy companies blend 19.28 billion gallons of renewables into the nation’s fuel supply. The Environmental Protection Agency (EPA) in a statement set the target for conventional biofuel, or ethanol, at 15 billion gallons and […] Read more

Crops, Reuters

PotashCorp to cut jobs, output as prices sag

By Rod Nickel November 23, 2016

Reuters — Fertilizer maker PotashCorp said Wednesday it was reducing jobs and output at one Saskatchewan mine and temporarily curtailing production at two others as the sector struggles with weak prices. The company said it would cut production at its Cory potash mine, just west of Saskatoon, to 800,000 million tonnes a year from 1.4 […] Read more

Crops, Markets, Reuters

U.S. grains: Soybeans climb to four-month high

By Julie Ingwersen November 22, 2016

Chicago | Reuters — Chicago Board of Trade soybean futures hit a four-month high on Tuesday on strength in Chinese soy markets and technical buying, analysts said. Corn inched higher while wheat closed mixed ahead of the U.S. Thanksgiving holiday on Thursday. Chicago Board of Trade soybeans for January delivery settled up 9-3/4 cents at […] Read more

Cereals, Crops, Markets

Rising durum bids topping out in Western Canada

By Phil Franz-Warkentin November 22, 2016

CNS Canada — Durum bids in Western Canada posted solid gains over the past two months, with concerns over the quality of the crop behind much of the strength. Prices are showing signs of topping out, though — and the highs may be in for now. Spot durum bids in southern Saskatchewan, where the bulk […] Read more

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

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