CNS Canada — ICE Futures Canada canola contracts continue to chop around in a narrow range these days, as the trade waits for the market to break one way or another. Canada and China recently agreed on rules over dockage that will see shipments of canola accepted at Chinese ports as long as they don’t
ICE weekly outlook: Canola treads water looking for direction
Malt barley growers face tough questions in soggy Alberta
CNS Canada — Unseasonably wet conditions in Alberta this year are causing quality concerns for malt barley growers there. Harvest typically begins in late August for many growers, but steady downpours have forced delays across much of the province. “We actually started Sept. 1, but we only got two days in before it started to
ICE weekly outlook: Export uncertainty dogs canola
CNS Canada — Canola futures don’t appear ready to climb drastically higher anytime soon as uncertainty over Chinese buying weighs on the market, according to a Winnipeg trader and analyst. The recent grain stocks report compiled by Statistics Canada has become a source of pressure for canola, said Ken Ball of PI Financial. StatsCan’s report
Diesel prices look to settle in for fall, early winter
CNS Canada — Canadian diesel prices appear to be settling in for a relatively uneventful autumn, according to an industry watcher. “Unless we get a vortex kind of winter, when a lot of diesel is used for heating purposes, I think it’s another cheap autumn-winter scenario shaping up,” said Tom Kloza of the Oil Price
ICE weekly outlook: Canola watching China before harvest
CNS Canada — The canola market continues to watch and wait for the Chinese and Canadian governments to resolve a dispute over the amount of dockage allowed in imports of Canadian canola. Until that happens, canola may face growing pressure between now and next week. On Sept. 1, China is scheduled to lower the amount
StatsCan’s canola estimates taken with grain of salt
CNS Canada — Statistics Canada’s latest crop production estimates are in and while they may raise a few eyebrows, the numbers aren’t likely to cause havoc in the markets, according to most trade analysts. StatsCan on Tuesday pegged canola production in 2016-17 at 17 million tonnes. That compares to pre-report ideas of 15.9 to 20
ICE weekly outlook: Canola looks to widen out range
CNS Canada — ICE Futures Canada canola contracts appear poised to chop around a new $20 trading range ahead of the harvest. The front-month canola contract had been down at $446 per tonne to start the week (Aug. 3-10) until speculator activity and spillover gains from vegetable oil helped bring it up to the $460
Abandonment of some lentil acres likely
CNS Canada — As thunderstorms and wet weather continue across Saskatchewan, so grows the number of lentil fields being put at risk of yield loss and potential abandonment. “Certainly in that west-central part of the province, Rosetown and other significant lentil-growing regions, we have seen some problems and crop failures due to too much moisture,”
Prairie wheat bids tick downward
CNS Canada –– Spring wheat cash bids across Western Canada recorded minor losses during the week ended Friday. The declines were traced to weakness in U.S. futures and some minor strengthening in the Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down $3 per tonne, according to price
Combining begins in drier sections of Western Prairies
Commodity News Service Canada – Producers in southern Alberta have begun to combine some grain and pulses, according to a farm leader. “Down around Lethbridge and south of it, they had pretty decent moisture so they’ve got good crops. Guys are starting to combine winter wheat now and peas,” said Lynn Jacobsen, president of the Alberta
Cyber-Savvy Farmer
