(Lisa Guenther photo)

CBOT soybeans poised to drop below US$10

CNS Canada — The Chicago Board of Trade soybean futures market has dropped sharply during the week ended Wednesday, and is poised to fall even further. “For March soybeans, I think it could potentially trade back to the US$9.45-$9.50 per bushel area,” said Terry Reilly of Futures International in Chicago (all figures US$). A bearish […] Read more

(Dave Bedard photo)

ICE weekly: Canola strength may be limited

CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with the most active front months posting gains and losses in the more deferred positions. While there is still more room to the upside, weakness in CBOT soybeans could spill over to pull the Canadian futures down. The open interest […] Read more


(Photo courtesy Canola Council of Canada)

Federal funding pledged for crop market development work

Canadian crop commodity groups getting federal AgriMarketing funding plan to put the money to work over five years — not just in salesmanship, but in developing their crops’ story for potential customers. Federal Agriculture Minister Gerry Ritz made two five-year funding announcements during the CropSphere 2015 conference Tuesday and Wednesday in Saskatoon: over $3.3 million […] Read more







Russia seen adding new informal grain export curbs in 2015

Moscow | Reuters — Russia has strengthened informal curbs on grain exports since the start of the year, further complicating trading before the introduction of an export tax, a Russian grain exporters’ lobby said Tuesday in a letter to officials. Russia, expected to be the world’s fourth-largest exporter this year, hopes export curbs will cool […] Read more



(Dave Bedard photo)

Canola cash market lagging strength in ICE futures

CNS Canada — ICE Futures Canada canola futures have strengthened recently, but the western Canadian cash market for canola hasn’t followed along. Farmers “keep telling me that the futures go up, but the basis isn’t keeping pace,” said Keith Ferley of RBC Dominion Securities. Some locations, he added, have widened out basis levels so much […] Read more