CNS Canada — Average bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat were stronger during the week ended Tuesday, with improving basis levels and strength in U.S. futures behind the rise. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Tuesday at […] Read more
Prairie wheat bids up with U.S. futures, improving basis
ICE Canada weekly outlook: canola under pressure, for now
CNS — ICE Futures Canada canola futures moved lower in sympathy with the weakening Chicago soy complex during the week ended July 23. And, the canola futures market will likely remain under pressure if soybean and other oilseed futures move lower in the near term. “Until the (Canadian canola) production is more certain, the futures […] Read more
Ag Canada lowers pulse crop ending stocks estimates
CNS — Agriculture and Agri-Food Canada’s Market Analysis Division released updated supply and demand estimates on July 22, lowering carryout stocks slightly for 2014/15 (Aug/Jul) pulse and specialty crops. Ag Canada pegged 2014/15 specialty crop ending stocks at 800,000 tonnes, from the June estimate of 830,000 tonnes due to smaller supplies of peas and sunflowers. […] Read more
Another Canadian logistics ‘disaster’ not likely for 2014/15
CNS — Last winter, rail movement of western Canadian grain was described as ‘disastrous’ for a number of reasons, including bad weather and record large amount of supplies needing to be moved. But, this spring and summer, movement has started to improve in most places, helped by government legislation and better weather, and the same problems […] Read more
Peace River area expected to produce below-average crop
CNS Canada — The Peace River region in northern Alberta is expected to produce a below-average crop this year because of dry weather in the area, according to a crop specialist. The soil is in need of some moisture in the area, especially in mid-July, as it is a crucial period for crop development, Harry Brook, […] Read more
ICE weekly outlook: Canola to fall along with soybeans
CNS Canada — Canola futures on the ICE Futures Canada trading platform were slightly weaker during the week ended Wednesday, but managed to hold up better than the Chicago soybean market. Worries about flood damage to canola crops in parts of southwestern Manitoba and southeastern Saskatchewan prevented prices from dropping as far as soybeans during […] Read more
Prairie CWRS cash bids fall below $5 a bushel
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) moved lower during the week ended June 30, with CWRS bids falling below the $5 a bushel mark. Losses seen in U.S. wheat futures after a bearish U.S. Department of Agriculture report on Monday were responsible for […] Read more
StatsCan raises canola acreage, but actual area likely lower
CNS Canada — Statistics Canada released its latest acreage estimates on Friday, with canola coming in at 20.2 million acres, above the previous guess of 19.8 million. That number, however, will likely be lower due to some unseeded and flooded acres unaccounted for, because the estimates were made as of June 10, when some farmers […] Read more
Prairie wheat bids drop about $10 with U.S. futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) were weaker during the week ended Monday, dropping $10 a tonne. Much of the weakness was linked to spillover pressure from sharply lower U.S. wheat futures markets. Average spot bids for CWRS (13.5 per cent protein) across […] Read more
ICE durum trades for first time since February 2013
CNS Canada — ICE durum futures on Wednesday saw some trade activity for the first time since Feb. 14, 2013, with five October contracts changing hands at weaker prices. The contract dropped $12 per tonne, to settle at $230. This comes just one day after ICE barley contracts saw new life, as five contracts also […] Read more
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