CNS Canada — Seeding in Alberta is nearing completion, with about 90 per cent of the crop reported in the ground as of Friday, despite the southern part of the province starting about two weeks later than normal. “Although it was a late start to the year, we had really good conditions for people to […] Read more
Seeding nearing completion in Alberta
Late spring makes Man. canola more vulnerable to flea beetles
CNS Canada — Canola crops are more vulnerable to flea beetle damage in Manitoba this spring as cool, wet conditions have caused seed treatments to wear off. “Most of the canola has seed treatments that contain insecticide which protects the canola from the flea beetles. What is happening is the fields that were planted around […] Read more
Wide range seen on Prairie canola cash market
CNS Canada –– Prairie farmers are seeing better prices than earlier this winter for their canola in the cash market, but values vary widely as some regions are seeing better basis levels for old crop than others. “We’e seen areas and pockets where basis levels have improved where on-farm supplies are a little tighter,” said […] Read more
Late spring to reduce Man. soybean acres
CNS Canada — Manitoba farmers won’t likely seed as many soybean acres as they originally intended this year, as the late spring and wet fields will force some to switch to another crop. Most of the soybean acres will likely be planted in the main growing regions of the province, such as the Red River […] Read more
ICE weekly outlook: Canola bias pointed lower
ICE Futures Canada canola futures moved sharply lower during the week ended Wednesday, with a large portion of the declines linked to the speculative sell-off seen Tuesday. Speculative money was said to be moving out of oilseed markets, including canola and soybeans, and into equities. This had a bigger impact on canola than beans because […] Read more
Warm weekend to help Man. farmers hang onto corn acres
CNS Canada — Corn growers in Manitoba have gotten off to a slower start than normal when it comes to planting due to cold, wet weather this spring. Farmers in the main corn growing regions of the province have been able to get a fair bit of the crop planted, however, and warm weather expected […] Read more
U.S. weather to determine price direction for CBOT beans, corn
CNS Canada — Soybean futures on the Chicago Board of Trade were higher during the week ended Wednesday, with new-crop gains outpacing old-crop as traders worked to correct the spread between the two, participants said. Old-crop values found some support from continued worries about tight U.S. supplies, with all contracts lifted by signs of persistent […] Read more
Prairie wheat cash bids down with sharply lower 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 Tuesday, following sharp losses seen in U.S. wheat futures markets. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Tuesday at around $207 per […] Read more
ICE weekly outlook: Canola rally to ‘run out of gas’
CNS Canada –– Canola contracts on the ICE Futures Canada trading platform moved higher during the week ended Wednesday, with old-crop values seeing the sharpest gains. A combination of speculative and commercial buying interest, as old-crop canola remains cheap compared to other oilseeds, helped nearby futures move higher than new-crop values, analysts said. The more […] Read more
Prairie CWRS prices down slightly, CPSR spot bids return
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were slightly lower during the week ending Monday. The week also marked the return of Canada Prairie Spring Red (CPSR) wheat spot bids at many elevators, after only offering prices for deferred delivery for an extended period of time. Average spot bids […] Read more
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