Wheat bids in Western Canada followed the lead of U.S. futures markets for the week ended Feb. 2, with some dropping while others increased. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices in Western Canada fell $4-$7, according to price quotes from a cross-section of delivery points
Wheat bids follow lead of U.S. futures
Kansas City March HRW wheat rose 20.25 U.S. cents per bushel on the week
CBOT weekly outlook: USDA report delivers no surprises
CNS Canada — The latest report released from the U.S. Department of Agriculture had no surprises for traders at the Chicago Board of Trade (CBOT), leaving the March corn and soybean contracts little changed. “I think that brokers right now are on the phone talking to their customers, probably some co-ops, elevators are also, and
Pulse weekly outlook: Farmers selling ahead of road bans
CNS Canada –– Pulse crop producers in Western Canada are looking to sell what’s left of last year’s crop before spring. Farmers “need to get some cash flow going. They’ve got payments probably in February and March and then they want to beat the road bans,” said Allan Johnston with Johnston’s Grain at Welwyn, Sask.
Producers lose transparency with end of weekly crush report
CNS Canada — Canada’s grains industry found itself shocked when the Canadian Oilseed Processors Association (COPA) announced Friday it would stop publishing its weekly report on member crushings. “I loved that report. In Western Canada, or Canada in general, I think any reports that give you kind of a weekly snapshot of what’s happening in
Cattle sales accelerate after post-holiday slump
USDA’s Cattle on Feed report gave the futures a boost
Following the new year slump, sales are starting to pick up again at Manitoba auction marts. “It just felt a lot better this week. It was like (the buyers) wanted them again, before you just wondered… does somebody want them?” said Rick Gabrielle with Heartland Livestock Services at Virden. Over 8,400 head of cattle were
Wheat bids mixed across the Prairies
March wheat futures at U.S. exchanges saw increases in value over the week
Wheat bids in Western Canada were mixed across the board for the week ended Jan. 26. Some saw increases, others decreases, and some were unchanged from the previous week. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed in Western Canada, with some falling $1 and
COPA ends weekly canola, soybean crush reports
CNS Canada — The Canadian Oilseed Processors Association (COPA) announced Friday it will stop publishing its weekly report on member crushings. The report detailed how much canola and soybeans were crushed in Canada. The report was issued weekly and followed by different industry professionals across the country. Ken Ball of PI Financial in Winnipeg was
Feed weekly outlook: Demand shifting at Alberta feedlots
CNS Canada — Demand has shifted at Alberta feedlots this year with more forward contracting and less business taking place in the spot market, according to an analyst. “In a lot of years we’ve seen the demand has stayed in the spot market but this year there were more forward purchases that were done by
CBOT weekly outlook: Futures get weather boost
CNS Canada — The troublesome weather that gave Chicago Board of Trade (CBOT) corn, soybean and wheat contracts a boost over the past week should remain supportive, despite nearby technical setbacks, according to a trader. “I’m still slightly bullish on beans, corn and wheat given the unfavourable weather situation in South America, with too much
FCC sees benefits in new Trans-Pacific trade pact
CNS Canada — The future of trade for the Canadian agriculture industry is looking bright from the perspective of Canada’s federal ag lending agency, with progress on the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). According to Farm Credit Canada (FCC), anytime Canada can get less-restricted access to markets it is good for agriculture. “We can
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