CNS Canada –– The cash market for Canadian canola continues to soften, with one commodity analyst pegging its range at $20-$30 under the price being paid for the near-term (November) contract. Last week’s bearish report from Statistics Canada put a damper on already-weak trade between farmers and companies, according to Errol Anderson, president of ProMarket […] Read more

Canola cash basis levels weaken as harvest rolls along

Fertilizer markets seen holding relatively steady
CNS Canada –– Prices for nitrogen and potash have weakened over the first half of 2015, but according to an industry analyst, the relationship between fertilizer prices and ag commodity prices is pretty much in line with the 10-year average. “I think we’ve seen some stabilization in fertilizer markets of late, which is promising,” said […] Read more

Canola stocks increase dramatically in StatsCan report
CNS Canada –– It appears there’s a lot more canola in Prairie fields and bins than anybody thought. According to Thursday morning’s Stocks of Principal Field Crops report from Statistics Canada, the country had 2.3 million tonnes of canola in its stocks as of July 31 — 500,000 to one million tonnes more than analysts […] Read more

ICE weekly outlook: Canola may drop more
CNS Canada — ICE Futures Canada canola futures drifted lower during the week ended Wednesday, chopping up and down amid volatile financial markets. “A lot of canola has to come to market, and there’s a lot of guys that are cash-poor and they don’t have storage, so they have to sell it,” said Wayne Palmer […] Read more

Canola basis levels seen hanging steady
CNS Canada — Despite a turbulent start to the week for most commodities due to China’s stock market crash, basis levels for canola remain relatively attractive in Manitoba and much of the Prairies, according to an industry watcher. Canola growers have been receiving cash prices of roughly $10.50 in Manitoba and parts of Saskatchewan, said […] Read more

Canola exports to feel pinch of Chinese market crash
CNS Canada — Canada’s canola exports will likely get dragged down by the sea of red ink flowing from Chinese markets, according to an analyst. “It will slow the export market. The whole canola engine has shrunk a little bit. Production will be down about 15 per cent or thereabouts,” said Errol Anderson of ProMarket […] Read more

Diesel not expected to follow gasoline’s sudden jump
CNS Canada –– Despite a recent spike of up to 20 cents per litre more for gasoline in some Prairie centres, diesel isn’t expected to follow the same trajectory. “For every three cents that gasoline has gone up, diesel has gone up one,” explained Dan McTeague of GasBuddy.com in Toronto. On average, gas prices jumped […] Read more
Western Prairies see low yields as harvest ramps up
CNS Canada –– This summer’s erratic weather has taken its toll on plant development in Alberta and parts of western Saskatchewan, according to crop-watchers in those areas. “We have heard that dry conditions have caused plants (peas) to slough off or have the tillers dry off and have lost those heads,” said Barry Yaremcio at […] Read more

CBOT weekly outlook: Corn, soybeans face uncertain future
CNS Canada –– Chicago corn and soybeans both suffered heavy losses during the week ended Wednesday, as a supply and demand survey by the U.S. Department of Agriculture projected better-than-expected harvests. The report pegged U.S. corn output at 13.686 billion bushels while soybean output was pegged at 3.916 billion bushels. Both numbers were larger than […] Read more

Prairie pea yields appear lower in early harvest
CNS Canada — Western Canada’s pea harvest has begun and yields appear to be down, according to a crop management specialist with Saskatchewan Agriculture. “Once farmers cut into the peas they began finding yields maybe half of what they typically expected,” said Shannon Friesen. Excess dryness in the early summer seems to have taken its […] Read more