Spring wheat bids in Western Canada were lower during the week ended March 24, as favourable weather in the U.S. Plains and large world supplies weighed on the market. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down $4-$5 per tonne across the Prairie provinces, according to price quotes from
Western Canadian wheat bids seen softening
Large and potentially larger global supplies put pressure on prices
Canola sinks below $500 under technical pressure
Unharvested canola crops add a layer of uncertainty
ICE Futures Canada canola futures continued to lose ground on the charts with the front-month May contract dropping from $503.70 per tonne on March 17 to $482.50 by the close on March 24. Funds were liquidating long positions and moving to the short side while others bailed as the dominant contract sunk below the psychologically
CBOT weekly outlook: Corn, soy brace for ‘volatile’ report
CNS Canada — As traders count down the hours to the U.S. Department of Agriculture’s prospective plantings report on Friday, a small camp is closely watching a weather situation in the U.S. South. Showers and thunderstorms have moved across much of the U.S. southern Plains and are expected to move into the U.S. Midwest soon.
Prairies’ cash wheat values finish week mixed
MGEX May wheat was up on the week, while CBOT and K.C. May wheat slipped
Spring wheat bids in Western Canada were mixed during the week ended March 17, with gains in some classes and losses in others as markets reacted to activity in the U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $1-$2 per tonne across the Prairie provinces, according to
ICE weekly outlook: Canola looks for support from new crop
CNS Canada — ICE Futures Canada canola contracts finished lower during the week ended Wednesday but attention in the market is turning to the new crop — and to North American acreage expectations. During the week, the dominant May canola contract fell $9.20, from $510.80 per tonne to $501.60. Large funds have now flipped to
Diesel prices soften, but watching U.S. infrastructure plan
CNS Canada — Sinking prices for crude oil and a softer Canadian dollar have kept diesel prices relatively low for Canadian farmers in 2017, and they could be heading lower, as long as U.S. President Donald Trump’s infrastructure plan doesn’t get in the way. “I would probably say in Canada you’re going to see numbers
Canadian hog prices to rise by summer
CNS Canada — Cheap prices for feed and a softer Canadian dollar have helped keep Canadian hog prices aloft so far in 2017. “Right now producers are looking at $180 to $184 a pig,” said Andrew Dickson, general manger of Manitoba Pork. “Prices are looking pretty good for June, July, August.” By July, he said,
Some cattle sales called on account of snowstorm
A lower loonie has U.S. buyers again looking north
The upcoming week could be an extremely busy one for Manitoba stockyards as a fierce blizzard cancelled or curtailed several auctions during the week ended March 10. Volumes were nowhere near what they had been in the weeks prior to the snowfall. Ste. Rose Auction Mart said on its website it had carried over 1,500
Feed market awaits influx of spring-threshed grains
CNS Canada — As spring slowly approaches, western Canadian feed dealers are warily eyeing the amount of grain that may be left over on Prairie fields. “There’s a bit of concern about how much spring-threshed grain we may see here in the next few weeks,” said Allan Pirness of Market Place Commodities in Lethbridge. “That’s
Oilseed values gaining on talk of U.S. biofuel rules
Speculation on Trump’s next move supports crush margins
ICE Futures Canada canola contracts posted solid gains during the week ended March 3, as a flurry of speculation about rumoured changes to U.S. biofuel regulation injected strength into oilseed prices. Canola’s May contract rose from a closing price of $515.30 per tonne on Feb. 24 to settle at a closing price of $532.60 on
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