CNS Canada –– Monday (Sept. 15) marks the full coverage crop insurance seeding deadline for winter wheat in Manitoba and Saskatchewan, with Alberta farmers having until the 20th or 30th of the month, depending on their location. A late harvest this year, however, has prevented some farmers from getting the crop seeded in time. “Unfortunately […] Read more
Late harvest to hurt Prairie winter wheat seeding
ICE weekly outlook: Bias pointed lower for canola
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, feeling the pressure from a weakening U.S. soybean market. And there’s further downside possible for both markets, as “the bias in the whole oilseed complex still looks lower,” said Ken Ball, analyst with PI Financial in Winnipeg. “Beans seem to […] Read more
Tightening canola stocks to put more pressure on 2014-15 crop
CNS Canada — Statistics Canada on Friday morning released its estimates for 2013-14 ending stocks, pegging canola supplies at 2.36 million tonnes, at the low end of expectations. “Canola was on the light side, maybe 300,000 tonnes lower than what most people were expecting, so it’s enough to underpin the market,” said Ken Ball of […] Read more
StatsCan stocks report to confirm size of 2013-14 crop
CNS Canada — The ag industry hopes to confirm the size of the 2013-14 crop when Statistics Canada releases its latest stocks estimates for Canadian crops on Friday. The report will show ending stocks for 2013-14 as of July 31. Charlie Pearson, a crops market analyst with Alberta Agriculture and Rural Development in Edmonton, said […] Read more
ICE weekly outlook: Canola due for corrective bounce
CNS Canada –– ICE Futures Canada canola contracts were slightly weaker during the week ended Wednesday, managing to come off the fresh lows made on Aug. 22 amid oversold price sentiment. Downward pressure came from weakness in Chicago soybean and soyoil futures, as weather in the U.S. Midwest continues to benefit an expected record-large crop. […] Read more
Prairie CWRS bids firm, CPSR holds steady
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) were firmer, while Canada Prairie Spring Red (CPSR) wheat bids were holding steady during the two weeks ended Monday. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$197 per tonne ($5.36 per bushel). […] Read more
ICE weekly outlook: More downside possible for canola
CNS Canada — ICE Futures Canada canola contracts moved sharply lower during the week ended Wednesday, following the weakness seen in global vegetable oil markets. The November future hit fresh contract lows, falling to $420.50 per tonne during the Wednesday trading session, beating the previous fresh low of $424.50 on Aug. 15. The bias is […] Read more
Further selling expected in CBOT corn, soybeans
CNS Canada — Corn and soybean futures on the Chicago Board of Trade (CBOT) moved lower during the week ended Wednesday — and the two markets are expected to remain under pressure until at least mid- to late September. “I think we’re just going to see this gradual selling over the next month, month and […] Read more
Prairie winter wheat harvest to ‘drag on’
CNS Canada — The winter wheat harvest is underway in some parts of the Prairies, but because of variable conditions, activities are expected to ‘drag on’ this year. “Some people are saying some of it may run into the spring crops,” said Jake Davidson of Winter Cereals Canada at Minnedosa, Man. “But overall things are […] Read more
ICE weekly outlook: Canola stabilizing, watching weather
CNS Canada –– ICE Futures Canada canola futures saw only slight changes during the week ended Wednesday, as the market was stabilizing and watching weather ahead of harvest. “If you go back for the three-odd weeks, we haven’t really gone anywhere. We’ve sort of chopped around in a range but it’s certainly not like we’ve […] Read more
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