CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPRS) and Canadian 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 boosted U.S. futures. Average spot bids on Monday for CWRS (13.5 per cent protein) across […] Read more
Prairie wheat bids up with U.S. futures
CBOT oats hit record high, rail delays keep supplies tight
Chicago | Reuters — The Chicago Board of Trade oat market soared 17 per cent to an all-time high on Wednesday, continuing a month-long rally on tight supplies due to backlogged rail shipments from top exporter Canada. The biggest gains were notched in the thinly traded March contract as traders exited their short positions ahead […] Read more
Wheat bids edge up with futures, but basis still wide
CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPSR) and Canada Western Red Spring (CWRS) wheat moved higher over the past week, with continued strength in the U.S. futures providing some support. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at […] Read more
Drozd: Harami signaled market low before oats’ record-high rally
Nearby oat futures contract posted a new historical high of $5.33 per bushel on Feb. 26. This exceeded the previous high of $4.58 in July 2008. Referencing the March 2014 oat futures contract in Chicago, this rally began from a contract low of $3 per bushel on Oct. 2, 2013, the same day a harami […] Read more
Change in SR+ED rule pares back grain growers’ tax credits
Updated, March 7 — Grain growers planning to claim their checkoff payments for a federal Scientific Research and Experimental Development (SR+ED) tax credit can expect slightly smaller credits going forward. Starting in the 2013 tax year, changes in federal tax law permit the SR+ED tax credit to be claimed on 80 per cent of eligible […] Read more
Calgary’s Big Rock picks B.C. brewery site
Calgary craft brewer Big Rock Brewery has picked a vacant warehouse in Vancouver’s Mount Pleasant area for the site of a bigger-than-expected second brewery. The company had announced plans last September to set up and open a second brewery somewhere in British Columbia’s Lower Mainland region, expecting to spend in the range of $1.5 million […] Read more
Canadian spot wheat bids jump with U.S. futures
CNS Canada –– Western Canadian cash bids for Canada Prairie Spring Red (CPSR) and Canada Western Red Spring (CWRS) moved higher over the past week, with a bounce in U.S. futures behind much of the strength. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at […] Read more
Prairie rail jams putting Canadian millers in shutdown mode
A rail backlog keeping Prairie wheat and oats from arriving at Canadian mills has already forced some millers to suspend operations, according to the millers’ organization. In the Feb. 27 issue of the Manitoba Co-operator, Canadian National Millers Association (CNMA) president Gordon Harrison notes “prolonged interruptions of up to three to four weeks” in wheat […] Read more
Prairie spot wheat bids weaken, but basis improves
CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPRS) and Canada Western Red Spring (CWRS) moved lower over the past 10 days as U.S. futures ran into upside resistance. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $169 per tonne, or […] Read more
Grainworld: Barley prices to remain in downtrend for months
Winnipeg | CNS Canada — Barley prices in Western Canada have seen a bit of a rebound rally recently, but that trend is not expected to stick around. The recent price climb was sparked by a stop in farmer selling and by ideas that the market dropped too low, too quick, Jim Beusekom of Market […] Read more
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