CNS Canada — Nearby technical signals for MGEX spring wheat futures in Minneapolis have turned bullish, as prices rallied during the first part of June. However, the market remains rangebound from a longer-term perspective. The July wheat contact in Minneapolis has climbed by 50 cents per bushel since June 1, and settled Tuesday at US$5.8275.
Nearby spring wheat charts looking bullish
Declining canola crush margins start to be felt
CNS Canada –– Declining canola crush margins are finally starting to be felt in the Canadian processing sector. The weekly crush pace took a hit, in the latest report from the Canadian Oilseed Processors Association. Domestic crushers processed only 126,917 tonnes of canola during the week ended Wednesday, according to COPA data. That figure represents
U.S. spring wheat seeding ahead of average pace
CNS Canada — Hard red spring wheat planting in the U.S. is underway and advancing faster than average due to favourable warm, dry weather in many regions, according to the North Dakota Wheat Commission’s crop progress report. As of Sunday, 17 per cent of the U.S. spring wheat crop was in the ground, up from
St. Lawrence Seaway opening delayed
CNS Canada — The reopening of the St. Lawrence Seaway will be delayed by a week, with the navigation season now set to begin April 2, according to a notice from the St. Lawrence Seaway Management Corp. Citing “careful review and consideration of factors and conditions affecting safe navigation and effective system transit,” seaway officials
CWB building sold: reports
CNS Canada — The former Canadian Wheat Board’s downtown Winnipeg office building has been sold, according to media reports. The eight-story building on Main Street was bought by Calgary-based Hopewell Development, reportedly for $9.7 million. The former wheat board, now called CWB, will continue to lease two floors of the building. The sale was initially
Wheat midge populations to collapse in parts of Alta.
CNS Canada — Recent large wheat midge populations in the eastern Peace region of Alberta are expected to collapse in 2015, according to a forecast report from the Alberta Insect Pest Monitoring Network. But there is still a risk of higher populations in the region due to the very large levels of the insect population
Farm groups welcome bill overhauling grain producer protection
CNS Canada –– Proposed federal legislation to upgrade grain producer protection has generally been met with approval from Prairie farm groups. Bill C-48, the Modernization of Canada’s Grain Industry Act, was introduced Tuesday in the Commons, including a number of amendments to the Canada Grain Act, with the creation of a compensation fund to protect
CWB Expects Higher Returns For Canola, Wheat And Durum
CNS – CWB, formerly known as the Canadian Wheat Board, has raised Pool Return Outlooks (PROs) for durum, wheat and canola in its latest report. They noted it is a special mid-term outlook, due to market changes since the previous report released on October 23. PROs were higher for all three crops due to the weaker
Sask. crops in good condition, but falling behind in development
CNS — Most of Saskatchewan’s crops were in good condition as of July 14, but many were also falling behind in development, according to the latest crop report from the Saskatchewan Ministry of Agriculture. Though some farmers are still dealing with excess moisture and flooding problems, recent warm weather has helped many crops recover from
Saskatchewan harvest 99 per cent complete
Harvest operations across Saskatchewan are complete in all but a few places, with 99 per cent of all crops harvested, according to the latest report from Saskatchewan Agriculture for the week ended October 21. Yields and quality were both reported to be average to above average for many crops given favourable harvest weather. Average yields for
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