PotashCorp hurt by fall in income from overseas investments — October 23, 2014

Reuters — Saskatchewan-based PotashCorp has narrowed its full-year earnings forecast range and reported a lower-than-expected quarterly profit as income fell from its overseas investments. The price of potash has plunged year over year, triggered by the breakup last year of trading partnership Belarusian Potash Co. that created more competition among producers. PotashCorp, the world’s biggest […]

Man. soybeans likely to sit in storage until new year — October 23, 2014

CNS Canada — The bulk of Manitoba’s soybean crop may be off the field but isn’t likely headed to market anytime soon, according to an analyst. Local elevators are filling up “incredibly fast” with crops such as wheat and oats, “so soybeans may or may not have bin space at some of these elevators,” said […]

Upside likely limited for rising feed barley market — October 23, 2014

CNS Canada — Feed barley prices in Western Canada have shown some strength over the past month, but will need outside support to continue to move higher. Barley prices at Lethbridge, Alta. have moved off their harvest lows of $160 per tonne a month ago, to current levels around $180 per tonne, said Jim Beusekom […]

ICE weekly outlook: Canola still married to soybeans — October 22, 2014

CNS Canada — ICE Futures Canada canola futures were mostly higher during the week ended Wednesday, with some support coming from gains in the Chicago soy complex. Speculative-based short covering, after the January contract moved above the 30-day moving average at about $411 per tonne on Wednesday, was also bullish, according to analysts. The January […]

Harvest pressure looms for corn, soybean futures — October 22, 2014

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 […]

U.S. wheat futures rising, but watching corn and beans — October 22, 2014

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 […]