CNS Canada — ICE Futures Canada canola contracts are facing some bearish weather conditions as more rain is expected to fall across parched regions of the Prairies. During the week ended Wednesday, most canola contracts posted losses. The dominant November contract fell $7.80, to $489.60. The lone exception was the nearby July contract, which eked
ICE weekly outlook: Canola looks to stay below $500
Prairie red spring wheat bids break out of doldrums
MGEX and K.C. wheat futures were up on the week, supporting CWRS and CPSR wheats
Hard red spring wheat bids in Western Canada finished mostly higher during the week ended June 2, taking strength from advances in the U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $7-$10 in the Prairie provinces, according to price quotes from a cross-section of delivery points compiled
Lower U.S. corn acres raise optimism for Manitoba growers
CNS Canada — A wet spring in the U.S. has forced many farmers to switch out corn acres in favour of alternative crops — a practice that could potentially raise prices for Manitoba farmers, an industry watcher said. “It’s encouraging on the price outlook to see they (U.S. farmers) put less acres in,” said Myron
Sizzling hog market waits on new U.S. plants
CNS Canada — Prices for Canadian hogs are enjoying a seasonal bump as consumers prepare for the summer grilling season. In Canada, the Signature No. 5 (Maple Leaf) Index daily price was listed at $179.68 per 100 kg (ckg) on May 26. That price was up $1.11/ckg compared to the week previous, according to data
Prairie wheat bids rise, shrug off bearish currency
Cash durum prices were up $2-$6 on average, seeing bids around $259-$268
Hard red spring wheat bids in Western Canada posted solid gains during the week ended May 26, as supportive action in U.S. futures offset the bearish influence of the Canadian currency. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $4-$6 in the Prairie provinces, according to price quotes from
Seeding pressures run up against low canola stocks
Wet weather also helps support Minneapolis wheat
Canola contracts on the ICE Futures Canada platform were chopping around for much of the week ended May 26, buffeted by weather issues and downward action in soy. Wet weather in Alberta and parts of Saskatchewan has created a soggy mess for many producers trying to get onto their fields. Some haven’t started seeding canola
CBOT weekly outlook: Soybeans in danger of dropping below US$9
CNS Canada –– The Chicago Board of Trade soybean market is increasingly being weighed down as rain-stricken farmers switch out acres intended for corn into oilseeds. The July contract plunged 32.25 cents per bushel during the week ended Wednesday (all figures US$). “You can see the corn has already gained on beans a dime this
Farmers wait for fertilizer prices to fall amid oversupply
CNS Canada — As more fertilizer plants are built around the world and U.S. corn acreage shrinks, the typical thinking holds that prices for urea and nitrogen should fall, but that hasn’t been the case so far for Canadian farmers. “They’re more on the steady side,” said Todd Lewis, president of the Agricultural Producers Association
Prairie CWRS bids tick higher with U.S. futures
Cash CPSR values turned downward on the week, as did Kansas City wheat futures
Hard red spring wheat bids in Western Canada ticked higher during the week ended May 19, propped up by supportive action in U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by as much as $1 in the Prairie provinces, according to price quotes from a cross-section of
Prices remain firm as buyers seek grass cattle
Beef demand is seen steady leading up to Father’s Day
Prices for cattle at Manitoba auction yards stayed relatively firm amid declining volumes. Around 4,600 animals made their way through the rings during the week ended May 19, down from 7,500 the week before. There was some softening on heavier-weight steers, while lower-weight animals held their own and ticked higher in a few cases. “The
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