CNS Canada — Cold temperatures that brought some snow and frost to some parts of Alberta overnight won’t likely cause much damage to crops. “Most of our crops aren’t up yet; there’s been a fair bit of seeding going on, but I haven’t seen any emerged crops yet. So, it’s pretty much a non-issue at […] Read more
Cold, snowfall not likely to hurt Alta. crops
Cash wheat market up slightly with U.S. futures
CNS Canada — Cash bids for Prairie wheat were steady to slightly higher during the week ended Friday, finding support from strength in U.S. wheat futures markets. Average Canada Western Red Spring (CWRS) wheat prices were steady to C$3.50 per tonne higher, with bids ranging from about $186 per tonne in north-central Saskatchewan to $204 […] Read more
ICE weekly outlook: Canola to divorce from CBOT soy complex
CNS Canada — The ICE Futures Canada canola market was up sharply during the week ended Wednesday, following a rally in outside oilseed futures. Chicago soyoil futures led the way higher for oilseeds during the week, with some rumours of fresh export demand for U.S. soyoil floating around. Canola traders, however, are likely to shift […] Read more
Wheat, canola stocks surprisingly tight in StatsCan report
CNS Canada — Canada’s ag industry was surprised to see some tighter-than-anticipated supply estimates in Statistics Canada’s latest report on stocks of grain and oilseeds Wednesday morning. StatsCan said Canadian wheat supplies, as of March 31, totaled 16.74 million tonnes — about a million lower than expected, said Mike Jubinville of ProFarmer Canada. “On the […] Read more
Prairie CWRS bids mixed as basis adjustments vary
CNS Canada — Cash bids for Canadian wheat were mixed during the week ended Friday, due to basis adjustments that varied from location, to location. Average Canada Western Red Spring (CWRS) wheat prices were C$2.50 per tonne lower to $4 higher, with bids ranging from $185 per tonne in north-central Saskatchewan to $203 per tonne […] Read more
Small canola acreage puts more emphasis on March 31 stocks
CNS Canada –– The canola industry will pay closer attention than usual to the upcoming Statistics Canada report on stocks as of March 31, as a smaller canola acreage figure is causing worries about tight supplies going forward. StatsCan is scheduled to release its report on Wednesday. “Because of that tighter acreage, the stocks number […] Read more
Strong new-crop prices could entice more pea, lentil area
CNS Canada — Stronger prices for new-crop lentils and peas over the past few weeks could lead to an increase in Canadian acreage compared to the Statistics Canada estimates released last week. “You have to look at the timing of when the survey was done for the StatsCan report. Of course there’s a bit of […] Read more
Prairie forage crops to benefit from early spring weather
CNS Canada — Forage crops in Western Canada are in a much better place this spring compared to a year ago, as spring’s early arrival will benefit crop development. The milder winter was also beneficial in preserving forage supplies, with feed stocks adequate to good in many regions, said Terry Kowalchuk, a provincial forage specialist […] Read more
Some farmers already seeding in southern Alberta
CNS Canada — Some farmers in southern Alberta are seeding earlier than normal this spring, thanks to some recent warmer weather. “Some guys are just starting to turn a wheel in southern Alberta,” Harry Brook, crop specialist with Alberta’s provincial Ag-Info Centre in Stettler, said Thursday. Soil temperatures are still not very warm, so more […] Read more
CBOT weekly outlook: Corn, soy watching weather for direction
CNS Canada –– Chicago Board of Trade corn and soybean markets moved lower during the week ended Wednesday, but stayed within their recent trading ranges. “We haven’t broken down out of a range yet, or broke to the upside,” said Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Ill. “We are just flat and […] Read more
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