ICE Futures Canada canola futures continued to move lower during the week ending Wednesday (Dec. 18), resulting in a total loss of more than C$30 per tonne in nearby contracts since early December. Recent declines in canola are linked to the large Canadian canola supply situation, as well as logistical problems in Western Canada. Declines […] Read more
ICE weekly outlook: Canola hasn’t bottomed yet
Prairie wheat bids down with U.S. futures
Western Canadian wheat cash bids moved lower during the week ended Monday, following losses seen in the U.S. futures markets. Basis levels also widened for both Canada Western Red Spring (CWRS) and Canadian Prairie Spring Red (CPSR) varieties, which contributed to the price weakness. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, […] Read more
Pea crop not quite as big as expected
Canada’s pea crop may be record-large this year, but some industry officials expected it to be even bigger than what Statistics Canada estimated in its production report on Dec. 4. StatsCan pegged Canadian pea production for 2013-14 at 3.849 million tonnes in the Dec. 4 report, up from the 3.341 million grown in 2012-13. “I […] Read more
Prairie wheat bids plunge with huge Canadian crop
Cash bids for western Canadian spring wheat were sharply lower during the week ending Monday, as basis levels widened following Statistics Canada’s production report on Dec. 4. The report showed a shockingly large 37.53 million-tonne 2013-14 Canadian wheat crop. The 2012-13 Canadian wheat crop produced 27.21 million tonnes. Average spot bids on Monday for Canada […] Read more
ICE outlook: Large crop bearish long-term
ICE Futures Canada canola futures moved to the downside during the week ended Dec. 4, hitting fresh contract lows in the process — but the market managed to come off its lows and close above key support after breaking below it on Wednesday. Some of the weakness in the market was linked to concerns about […] Read more
StatsCan shows shockingly large crops all around
Statistics Canada pegged surprisingly large 2013-14 production figures for many of the crops grown in the country in its final crop report of 2013, released Wednesday. “There’s just no getting around it, this is the biggest crop of Canadian history and it’s basically a shocker all around,” said Mike Jubinville of ProFarmer Canada in Winnipeg. […] Read more
Larger canola, wheat crops expected in StatsCan report
Statistics Canada should show an increase in Canadian wheat and canola production in its upcoming final crop report of 2013 on Wednesday, industry participants said. Record-large yields reported in many areas, and the fact that the survey for StatsCan’s last report was done before many people were finished harvest, were said to be pointing to […] Read more
Prairie wheat bids mixed with U.S. futures
Cash bids for western Canadian spring wheat were mixed, following U.S. futures during the week ending Monday (Dec. 2). Canada Western red spring (CWRS) wheat bids were weaker, while Canada Prairie spring red (CPSR) bids were firmer. On Dec. 2, average spot bids for 13.5 per cent CWRS across Manitoba, Saskatchewan and Alberta came in […] Read more
Prairie wheat bids continue downward trend
Reading Time: < 1 minute CNSC / Cash bids for western Canadian spring wheat continued to move lower during the week ended Nov. 4. Average spot bids for CWRS 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in at around $219 per tonne ($5.95 per bushel) based on pricing available from a cross-section of delivery points — which […] Read more
U.S. markets rangebound pending new USDA estimates
Reading Time: 2 minutes Canola futures on the ICE Futures Canada trading platform moved lower during the week ended Nov. 1, though the market bounced around on both sides of unchanged throughout the week. Spillover pressure from the losses in Chicago soybeans, the advancing U.S. soybean harvest and expectations of a record-large South American oilseed crop were bearish. The […] Read more
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