CNS Canada — Cash bids for Canadian wheat were mostly firmer during the week ended Friday. Strengthening U.S. futures were supportive, though basis levels widened in many regions. Prices are as of April 2, due to market closures on Good Friday. Average Canada Western Red Spring (CWRS) wheat prices were down 50 cents to up […] Read more
Prairie wheat bids firm amid widening basis levels
ICE weekly outlook: Canola moving into choppy spring pattern
CNS Canada –– The ICE Futures Canada canola market saw some large price swings during the week ended Wednesday, but ended relatively steady compared to prices seven days earlier. The market is starting to move into a nervous spring trading pattern, which kept prices relatively rangebound and should continue for the next three to four […] Read more
Prairie wheat bids weaken slightly, basis improves
CNS Canada –– Wheat cash bids across Western Canada moved slightly lower in most classes during the week ended Friday, amid softness in U.S. futures and improving basis levels. Average Canada Western Red Spring (CWRS) wheat prices were steady to down about $4 per tonne, with bids ranging from $207 per tonne in north-central Saskatchewan […] Read more
Durum prices fall as new crop right around corner
CNS Canada — Durum prices in Western Canada are under pressure as other countries’ new durum crops are just around the corner and end-users are well covered. “We have new-crop French and Spanish durum coming on here in a couple months, and the Mexican crop as well,” said Jerry Klassen, manager for Swiss-based GAP SA […] Read more
Flax prices still strong enough to buy acres
CNS Canada –– Canada’s flax prices are still holding strong enough to encourage an acreage increase this spring, despite concerns about slowing demand. Prices have held up even as shipping opportunities have started to slow down, as there’s a standoff between buyers and sellers, and supplies remain tight, said Mike Jubinville of ProFarmer Canada. Old-crop […] Read more
CBOT weekly outlook: More downside possible for corn, soybeans
CNS Canada –– Chicago Board of Trade corn and soybean futures moved sharply lower during the week ended Wednesday, and could see more downside going forward. “As long as crude oil keeps on grinding lower, the U.S. dollar remains fairly strong, I think that prices have an opportunity to continue to grind lower as long […] Read more
Prairie wheat bids rise with U.S. futures, improving basis
CNS Canada –– Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) cash bids moved higher in Western Canada during the week ended Friday, underpinned by strength in U.S. wheat futures and improving basis levels. Average CWRS wheat prices were C$6 to more than $9 per tonne higher during the week, with bids […] Read more
Decisions on new-crop canola acres still pending
CNS Canada — With the 2015-16 growing season fast approaching in Western Canada, decisions on how many acres will be seeded to canola remain up in the air. “I think a lot of people aren’t getting a lot of feedback from growers, as they haven’t really indicated a lot of big changes in acres,” said […] Read more
ICE weekly outlook: Canola’s trading range moving higher
CNS Canada — The ICE Futures Canada canola market was stronger during the week ended Wednesday, and is expected to stay in a higher trading range going forward. “For the front month May, C$448 per tonne is the support area. And right now we’re more than $20 above that,” said Errol Anderson of ProMarket Communications […] Read more
North Dakota canola acreage set to increase
CNS Canada –– Canola acreage in North Dakota is expected to increase slightly in 2015, as it offers many benefits for farmers in the state, industry officials say. “We’ve been projecting canola acres all along to go up from 1.2 million to maybe 1.3 million in North Dakota this year,” said Barry Coleman, executive director […] Read more
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