China is expected to increase its grain imports this year compared to 2012, according to economist Yang Weilu. Weilu, the senior economist and deputy director with the China National Grain and Oils Information Center, noted that expectation while speaking at the Cereals North America global grain conference in Winnipeg. China will continue to import grains […] Read more
China to increase grain imports this year
Canada seen exporting more wheat to U.S. in 2013-14
Canada is expected to export more wheat to the U.S. this year than in 2012-13, Alex Bos of Louis Dreyfus Commodities said during a presentation at the Cereals North America global grain conference in Winnipeg. “We only have about two months of data for the current marketing year, but we’re already trending higher for wheat […] Read more
Prairie wheat bids continue downward trend
Cash bids for western Canadian spring wheat continued to move lower during the week ended Monday (Nov. 4), continuing their downtrend alongside U.S. futures markets. Average spot bids on Monday for Canada Western red spring (CWRS) wheat (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $219 per tonne ($5.95 per […] Read more
Harvest winds up in Alberta
The harvest of crops in Alberta has come to an end, and it was “a good year,” according to Harry Brook, crop specialist with the Alberta Ag-Info Centre. There may be some localized crops still standing, but everything else has come off the combine, he added. “I would say there would be only a very, […] Read more
Weekly review – Prairie wheat bids ease as U.S. futures fall
Cash bids for western Canadian spring wheat eased during the week ended October 28, following the losses seen in the U.S. futures markets. On October 28, average spot bids for 13.5% CWRS across Manitoba, Saskatchewan, and Alberta came in at around $226 per tonne, or $6.14 per bushel, based on pricing available from a cross-section […] Read more
ICE canola weekly outlook: recent uptrend to continue
ICE Futures Canada canola contracts moved higher during the week ended October 23, breaking out to the upside from its recent month-long narrow trading range. The positive technical bias sparked some chart based buying which helped to fuel the advances in the market. Weakness in the value of the Canadian dollar and solid end-user demand also […] Read more
Prairie CWRS wheat bids holding steady
Cash bids and basis levels for Canadian Western Spring Wheat (CWRS) wheat in Western Canada were holding steady during the week ended October 21. On October 21, average spot bids for 13.5% CWRS across Manitoba, Saskatchewan, and Alberta came in at around $229 per tonne, or $6.25 per bushel, based on pricing available from a […] Read more
Prairie CWRS wheat bids holding steady
Cash bids and basis levels for Canadian Western Spring Wheat (CWRS) wheat in Western Canada were holding steady during the week ended October 21. On October 21, average spot bids for 13.5% CWRS across Manitoba, Saskatchewan, and Alberta came in at around $229 per tonne, or $6.25 per bushel, based on pricing available from a cross-section […] Read more
Trade sees canola crop beating StatsCan’s expectations
Reading Time: 2 minutes ICE Futures Canada canola contracts moved lower during the week ended Oct. 4, and the November future settled only about $5 per tonne higher than the contract low of $472.40 per tonne. Canola futures were looking like they would end the week higher, as traders were covering short positions due to ideas that Statistics Canada […] Read more
Prairie winter wheat crop off to good start
Winter wheat crops seeded in Western Canada this fall are off to a good start so far thanks to some rains seen in September and early October. “We’ve had some timely rainfall in September and some fairly mild conditions, which have helped with the establishment of the crop,” said Bruce Burnett, crop and weather specialist […] Read more
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