Chicago | Reuters — Chicago Board of Trade corn futures closed lower after hitting their highest price since August on Friday, while soybean futures retreated from a one-month high. Traders took profits after the markets rose earlier on concerns about a drought in Brazil disrupting grain shipments on rivers and slowing soy plantings, analysts said. […] Read more
U.S. grains: Corn drops back below US$5
Soybeans down off one-month high
ICE weekly outlook: Which way will canola go?
Basis levels have recently improved
MarketsFarm — As September winds down, ICE Futures canola is poised to either climb higher or fall back, according to analyst Errol Anderson, president of ProMarket Communications in Calgary. That movement will largely be determined by the direction taken by November soybeans on the Chicago Board of Trade, which currently has support at US$13 per […] Read more
Prairie cash wheat: Weaker loonie underpins bids
U.S. wheat futures down on week
MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as sharp declines in the Canadian dollar boosted basis levels and more than made up for the bearish influence of softening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.10-$5.40 per tonne […] Read more
ICE weekly outlook: Farmers advised to price some new crop
ICE Futures canola contracts held within a narrow trading range during the week ended Wednesday, as participants await fresh market-moving news. While the sideways trading range could persist in the near term, an analyst said new-crop futures were at decent levels and encouraged farmers to do some forward pricing. The November canola contract settled Wednesday […] Read more
ICE weekly outlook: Rising canola watching weather
CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as weather concerns mounted across the Canadian Prairies. While it’s still early in the Canadian planting season, persistent cool and wet conditions in many areas could lead to delays, said Mike Jubinville of ProFarmer Canada. Uncertainty over how much canola […] Read more
Canola basis levels seen hanging steady
CNS Canada — Despite a turbulent start to the week for most commodities due to China’s stock market crash, basis levels for canola remain relatively attractive in Manitoba and much of the Prairies, according to an industry watcher. Canola growers have been receiving cash prices of roughly $10.50 in Manitoba and parts of Saskatchewan, said […] Read more
Wheat basis muddied in Western Canada
CNS Canada — The difference between futures markets and cash markets for any exchange-traded commodities can usually be brought into focus by the basis — that is, except in Prairie wheat, where that focus has now gone fuzzy. Typically, a wide or narrow basis provides some indication of how representative the futures market is of […] Read more
Are Prairie farmers still keen to move grain?
Canadian Grain Commission data shows deliveries to elevators have slowed considerably
Reading Time: 3 minutes The pace at which the handling and transportation system has been able to move grain off the Prairies and into export markets this spring has almost certainly exceeded all expectations. But the data through to late July has raised a new question: Are Prairie farmers still keen to move all the exceptional 2013 harvest? What’s […] Read more
What’s on your mind? Question #1 from Alberta Farmer readers
Carry-out and wheat prices
Reading Time: 2 minutes EDITOR’S NOTE: We asked a sampling of producers what was on their mind as they were headed into the growing season, and then reporters Alexis Kienlen and Jennifer Blair went looking for answers. Bin buster Bentley-area grain producer Jason Lenz asks, “How will the large carry-over affect new-crop wheat prices?” It’s the world market that sets […] Read more
Cyber-Savvy Farmer
