CNS Canada — As the El Nino weather event of 2015-16 gradually fades into memory, most weather forecasters say it’s slowly being replaced by its cousin, La Nina. The La Nina phenomenon usually happens when water temperatures along the equator in the Pacific Ocean fall by 3 to 5 C. According to Drew Lerner of […] Read more
La Nina effect in U.S. may not spill onto Prairies
Diesel prices hang steady in West, for now
CNS Canada –– It doesn’t appear the gasoline shortage that has left many pumps across Western Canada dry will be spreading to the diesel sector, at least for now. Fires in northern Alberta and problems at a refinery in Edmonton crimped available supplies of gas for many Prairie retailers this week. While some Petro-Canada and […] Read more
Market analysts watch for surging soybeans to peak
CNS Canada — As soybeans climb the charts and help float other commodities such as canola, one market watcher says the prime selling opportunity for farmers could pass soon, as bearish factors come into play. The president of Calgary-based ProMarket Communications, Errol Anderson, said large funds are the main force that has lifted Chicago soybeans […] Read more
Rain holds up spraying as weeds thrive in Manitoba
CNS Canada –– A steady dose of rain to start the week has put a crimp on herbicide applications across Manitoba. While weeds weren’t noticeable a few weeks ago due to the relative dryness, they’re definitely becoming more noticeable, according to crop watchers. “We know that with the rain and warmer temperatures, both the crops […] Read more
CBOT weekly outlook: Corn, soy try to hold ground amid bearish signals
CNS Canada — Chicago Board of Trade soybeans and corn are in search of bullish news to keep their upward momentum going, according to a market watcher. Soybean futures on the Chicago Board of Trade (CBOT) rose during the week ended June 1 as poor weather hurt production estimates in Argentina. The front-month July contract […] Read more
Cleavers not threatening exports, Canola Council says
CNS Canada — Suggestions that canola shipments to China could be in jeopardy because of concerns over herbicide-resistant weeds are being refuted by the Canola Council of Canada. Great Northern Growers Inc., an agriculture service business in Saskatoon that sells herbicides and other products, said it has heard China doesn’t want pesticide-resistant weeds coming into […] Read more
Prairie wheat bids tick down slightly
CNS Canada — Cash spring wheat bids across Western Canada softened slightly during the week ended Friday, as gains in the Canadian dollar put pressure on values. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down 50 cents to $1, with the exception of southern Alberta where they were up […] Read more
ICE weekly outlook: Canola looks set to stay above $500
CNS Canada — ICE Futures Canada canola contracts don’t appear to be in much danger of falling below the $500 per tonne level anytime soon. Both front-month contracts spent much of the week ended Wednesday hanging around the $520 mark. Surging action from the U.S. soy complex has kept canola supported, even on days when […] Read more
Prairie canola weathers early frost test
CNS Canada –– Despite freezing temperatures in some parts of Western Canada over the past few days, canola appears to be relatively healthy, according to crop watchers. While the true extent of freezing mornings that started last Thursday and stretched into the weekend isn’t yet completely known, two agronomy specialists from the Canola Council of […] Read more
Saskatchewan wheat crop enters crucial phase
CNS Canada –– Freezing temperatures are raising tensions for wheat growers in Saskatchewan as this year’s crop looks to survive a late blast of winter weather. The mercury dipped below 0 C in Saskatchewan on Thursday morning and Friday morning. Speaking Thursday afternoon, a regional crop specialist with the Saskatchewan Ministry of Agriculture, Shannon Friesen, […] Read more
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