CNS Canada — The Prairie oats industry continues to suffer from a lack of rail cars allocated to move south, as it forces some companies to truck oats to U.S. millers. Shipping oats by truck means very expensive freight costs, resulting in lower prices for farmers, and higher prices for end users, said Ryan McKnight […] Read more
Oats still struggling to move south
Spring wheat seeding still delayed in N.D.
CNS Canada — Seeding of spring wheat in North Dakota and Montana continued to be very slow during the week ended May 4, due to ongoing cool, wet conditions, a report from the North Dakota Wheat Commission said. As of Sunday, only about five per cent of the spring wheat crop was seeded in North […] Read more
Malting barley expected to see slow price surge
CNS Canada — A projected decrease in Canadian malt barley acreage in 2014 could lead to price increases by the spring of 2015, according to an analyst in Alberta. Darren Smith of RMI Analytics in Calgary said exports in the barley market have been fairly light recently, due to logistics problems gripping rail transportation — […] Read more
Prairie CWRS wheat bids up sharply with U.S. futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved sharply higher during the week ended Monday, following gains seen in U.S. wheat futures. Concerns about persisting drought conditions causing further damage to U.S. winter wheat crops were behind the sharp gains seen in U.S. wheat futures during the week. Worries […] Read more
U.S. wheat futures still rising, but ‘getting tired’
CNS Canada –– All three U.S. futures markets climbed higher over the past week, rising to some of their best levels of the year. There is some more room to the upside, but further gains may be short-lived, according to an analyst. “Wheat is getting tired,” said Randy Martinson of Progressive Ag at Fargo, N.D. […] Read more
Prairie feed barley prices nearing 2014 highs
CNS Canada — Lethbridge feed grain markets are trading at highs for the 2014 calendar year, and even starting to approach September prices, according to Jim Beusekom, grain broker at MarketPlace Commodities. “We’re at $190 to $195 per tonne for feed barley and feed wheat.” Road bans, the start of seeding and the logistics slowdown […] Read more
Average CWRS wheat bids rise above $200 a tonne
CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat moved higher, breaking back above $200 per tonne, during the week ended Monday. Improving basis levels and spillover support from the gains seen in Minneapolis spring wheat futures helped to lift prices. Average spot bids for CWRS (13.5 per cent protein) across […] Read more
Ardent flour merger closer to completion with mill sale
Reuters –– U.S. food and grain-handling companies ConAgra Foods, Cargill and CHS have moved closer to sealing a deal to merge their North American flour mill operations by agreeing to sell four mills to a Japanese company. Miller Milling Co., a U.S.-based unit of Tokyo-based Nisshin Flour Milling, will buy the four U.S. mills, the […] Read more
CWRS wheat prices down as basis widens
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat eased during the week ended Monday, as U.S. wheat futures were weaker and basis levels widened. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $192 per tonne, or $5.32 per bushel, […] Read more
Prairie winter wheat looking good, but damage still possible
CNS Canada — Most winter wheat crops seeded in Western Canada last fall seem to be in good condition so far this spring — but they’re not in the clear yet. “Not all of the winter wheat is out from the snow cover yet,” said Bruce Burnett, crop and weather specialist with CWB in Winnipeg. […] Read more
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