CNS Canada –– Cash bids for Canada Western Red Spring (CWRS) wheat held relatively steady during the week ended Monday, posting small losses in many locations in sympathy with the Minneapolis futures. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $197 per tonne, or $5.35 […] Read more
CWRS wheat cash bids edge down, basis steady
Weather, Ukraine boost U.S. wheat futures
CNS Canada — U.S. wheat futures rose sharply on Monday and could continue to increase due to cold weather in the southern Plains and the political unrest in Ukraine. “We had this (cold) in the weather forecast,” said Austin Damiani, a U.S. wheat analyst from Frontier Futures in Minneapolis. “The forecasts are calling for even […] Read more
Logistics still propping up old-crop oats
CNS Canada — The oats futures market remains at a considerable inverse, with the old-crop May contract in Chicago trading at an 88-cent premium over the new-crop December as logistics issues continue to hamper Canadian grain movement. “There are oats on farm, but the U.S. mills are having a hard time physically taking possession,” said […] Read more
Burdensome supplies to keep durum prices under pressure
CNS Canada –– Canadian cash prices for durum have been weak all winter, as logistics issues in Western Canada have kept large supplies of the crop from moving. Going forward, the burdensome supply situation is expected to keep values under pressure. “Companies are still cleaning up sales that they’ve made earlier, and this will take […] Read more
Prairie CWRS cash bids ease, basis improves slightly
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Monday, following the sharply weaker U.S. futures market for the second consecutive week. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Monday at around C$198 per tonne, or $5.40 […] Read more
Spring wheat cash bids fall with futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Monday, following sharp losses seen in U.S. futures markets. Average spot bids Monday for CWRS (13.5 pr cent protein) across Manitoba, Saskatchewan and Alberta came in at around $203 per tonne, or $5.52 per bushel, based on […] Read more
Malt barley supplies large ahead of new crop year
CNS Canada –– After seeing record yields in 2013, Canada could still be holding onto enough malt barley to supply the domestic industry for an entire year at the end of the current crop year. Those large supplies are cutting into prices, but buyers will still need fresh stocks due to germination issues, and may […] Read more
Alta. feed barley prices remain firm
CNS Canada — Cash barley prices near the key cattle feeding area of Lethbridge, Alta. remain firm, supported in large part by lingering winter weather and sluggish movement of grain across Western Canada, say brokers in the region. According to Shane Roberts of Cactus Commodity at Raymond, Alta., prices for March/April deliveries are anywhere from […] Read more
CWRS wheat bids rising with U.S. futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat moved higher over the past week, as weather worries in the U.S. Plains and uncertainty over Black Sea grain movement remained supportive for North American prices. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came […] Read more
EU oat exports set for nine-year high on N. America woes
Paris | Reuters — European Union exports of oats are on course to hit a nine-year high, official data showed on Thursday, reflecting strong U.S. demand as logistical snags curb supply of the cereal from top exporter Canada. The supply tensions in North America have put a spotlight on what’s a niche market compared to […] Read more
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