CNS Canada –– The ICE Futures Canada canola market lost ground during the week ended Wednesday, pushed down by losses in the U.S. soy complex. A corruption scandal in Brazil sparked a steep selloff in soybeans during last Thursday’s session, which affected oilseeds around the world, including canola. Canola’s dominant July contract lost $4 during
ICE weekly outlook: Weather issues, tight stocks lift canola
Western Canadian wheat bids trend lower
Cash wheat values on the Prairies followed U.S. futures downward
Hard red spring wheat bids in Western Canada were lower during the week ended May 12, weighed down by action in U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $1.20 to as much as $3.50 in the Prairie provinces, according to price quotes from a cross-section
Cattle markets descend into correction mode from rally
Beef demand is expected to slip after Father’s Day
The spring cattle rally may be finally coming to an end. Bids for most classes at stockyards across the province were the same or even slightly lower in some cases during the week ended May 12. Heavier-weight animals were steady to lower, with heifers (800-900 lbs.) down $3-$5. Steers (400-500 lbs.) were also down roughly
Production outlook keeps canary seed under pressure
CNS Canada — Excess soil moisture is holding up planting of canary seed in Saskatchewan, though according to one market watcher, the overall production outlook for 2017 is good, leaving prices struggling to rise. “Prices are soft,” said Kevin Hursh, executive director of the Canaryseed Development Commission of Saskatchewan. Prices remain locked in the 19-
Western wheat bids chop up and down
Average prices for CWRS wheat ran around $232 per tonne in western Manitoba
Hard red spring wheat bids in Western Canada saw volatile action during the week ended May 5, ultimately ending mixed in the face of competing influences. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by as much as $1.75 to up $2.25 per tonne across the Prairie provinces, according
Bullish stocks data from StatsCan lifts canola
Concerns remain over canola still out on the fields
The ICE Futures Canada canola market’s dominant July contract finished roughly $5 higher during the week ended May 5, after fund buying and a bullish stocks report lifted values out of their doldrums. Statistics Canada pegged domestic canola supplies at 6.567 million tonnes as of March 31, below most analysts’ expectations. That amount is roughly
Prairie feed wheat, barley at seasonal highs
CNS Canada –– Feed barley and feed wheat appear to be settling into some seasonal highs, according to a market-watcher in Alberta. “Whether it goes up much more remains to be seen,” said Jim Beusekom of Market Place Commodities in Lethbridge. “Between Easter and May long weekend, we’re probably at a high.” High vomitoxin (10
CBOT weekly outlook: Corn, soybeans poised for move upward
CNS Canada — Wet weather across much of the Midwest could be throwing a monkey wrench into the plans of U.S. corn farmers, according to a market-watcher. Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Illinois, says much of the U.S. corn crop still has to go into the ground while some crops need
Prairie wheat bids rise with action in U.S. futures
Kansas City July wheat climbed 20 U.S. cents from the previous week
Hard red spring wheat bids in Western Canada posted solid gains during the week ended April 28, taking strength from action in U.S. markets. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by $10 to $13 per tonne across the Prairie provinces, according to price quotes from a cross-section
ICE weekly outlook: Canola waits for stocks report
CNS Canada — ICE Futures Canada canola contracts continue to chop around in the lead-up to the release of a major report. Statistics Canada is due to release its estimates for the country’s canola stocks (as of March 31) on Friday. The dominant July contract eked out a minor gain of $1.30 per tonne during
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