Commodity News Service – Crops on the Western Canadian Prairies could be seeing more soggy conditions in the next six to 10 days, according to a noted U.S. weather watcher. “Saskatchewan and Manitoba will probably have a net drying bias for this week,” said Drew Lerner of World Weather Inc. in Kansas City on July 25. […] Read more
No drying trend in store for Canadian Prairies
Prairie wheat bids tick lower in choppy week
CWRS basis levels across Western Canada range from C$13 to C$27 below the futures
Commodity News Service Canada — Spring wheat cash bids across Western Canada ended slightly lower for the week ended July 18, tracking choppy action in the U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were one to two dollars per tonne lower, according to price quotes from a cross-section of […] Read more
Soggy conditions stress Saskatchewan’s crops
CNS Canada –– Crops were hit hard by rain in many parts of the province during the period of July 5-11, according to a report from the Saskatchewan government. Lloydminster, Estevan and Carrot River were just a few of the communities hit hardest by the precipitation. In some cases, areas in eastern and southern regions […] Read more
CBOT weekly outlook: Corn, soy enter temperature-driven phase
CNS Canada — Chicago Board of Trade corn and soybean futures are entering a period that is typically driven by weather concerns and little else. The U.S. Department of Agriculture on Tuesday released its world agricultural supply and demand estimates (WASDE) report. Both corn and soybeans improved in price after the report predicted lower-than-expected stocks […] Read more
Prairie wheat bids soften with U.S. futures
CNS Canada — Spring wheat cash bids across Western Canada softened during the week ended Friday, as a downturn in U.S. futures put pressure on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by roughly $5 per tonne, according to price quotes from a cross-section of delivery points […] Read more
ICE weekly outlook: Canola looks for bounce-back
CNS Canada –– ICE Futures Canada canola contracts sunk lower during the week ended Wednesday, pressured by fund selling and a drop in the U.S. soy complex. However, there could be some relief in sight, as the market looks to correct itself. “Funds coming into this week were huge, longs in soybeans and corn; they’re […] Read more
Canadian beef follows tricky paths to international markets
CNS Canada — Canadian beef continues to find its way to markets around the world, but while a new deal with Mexico has brought smiles to the cattle industry, questions remain surrounding Canada’s proposed trade deal with the European Union. Britain’s recent referendum to exit the European Union has thrown into question whether the Comprehensive […] Read more
Rain increases disease pressures on eastern Prairies
CNS Canada — The recent batch of wet weather across parts of Saskatchewan and Manitoba have been a welcome relief to some fields that were suffering from excess dryness. However, soggy conditions have also enabled certain disease pressures to rear their ugly head, according to some government specialists. “Root rot is showing up in peas […] Read more
CBOT weekly outlook: Corn, soy both watching weather, funds
CNS Canada — Chicago Board of Trade soybeans recorded losses during the week ended Wednesday. The market felt pressure from wet weather in the U.S. Midwest, which is expected to mitigate some of the damage caused by hot and dry conditions. As well, traders liquidated many of their long-term contracts. “We’re going to watch the […] Read more
ICE weekly outlook: Canola establishes range
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
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