CNS Canada –– Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as U.S. futures also rose during that timeframe. Average Canada Western Red Spring (CWRS) wheat prices were up by C$9-$10 per tonne during the period, according to price quotes from a cross-section of delivery points across the Prairie
Prairie spring wheat bids move higher
Commodities’ fate debated as crude oil falls
The U.S. Federal Reserve's next moves may also have an impact on rain markets
Just about everyone agrees the plunging price of oil will have a bearish effect on commodity prices — but expectations for the size and impact of that fall are varied. As recently as Nov. 4, crude oil prices were $48.64 a barrel, but since then have fallen to US$37.86, where they opened Dec. 9. Some
ICE weekly outlook: Canola seesaws with StatsCan report
CNS Canada — ICE Futures Canada canola contracts posted modest losses for the week ended Wednesday, with the January contract falling slightly below the key technical benchmark of $470 per tonne. Still, at least one analyst said he thinks canola is well positioned to climb higher. A bearish Statistics Canada report on Friday pegged canola
Views mixed on impact of crude’s slip for ag markets
CNS Canada — While just about everyone agrees the plunging price of oil will have a bearish effect on commodity prices, the size and impact of that fall seems to vary. As recently as Nov. 4, crude oil prices were $48.64 a barrel, but since then have fallen to US$37.86, as of Wednesday’s opening. Some
Diesel prices remain high across Prairies
CNS Canada — While the price of crude oil continues to decline across North American markets, diesel remains stubbornly high in Western Canada. Prices are equal to gasoline, or in some cases, exceeding them by as much as 10 cents in some Saskatchewan and Manitoba locations. “Diesel production in the West has been crimped by
Manitoba corn locked in sideways trading mode
CNS Canada –– Manitoba corn appears locked into a sideways trading range for the foreseeable future, according to one industry watcher. From where the president of the Manitoba Corn Growers Association sits, it’s not surprising, given commodities’ bearish nature these days. “It’s not super-rosy; the (weak Canadian) dollar helps a bit, but we would like
Prairie wheat bids stay rangebound
CNS Canada — Cash wheat bids across Western Canada were relatively unchanged for the week ended Friday, eking out minimal gains, as U.S. futures stabilized and basis levels followed suit. Average Canada Western Red Spring (CWRS) wheat prices were up to $1 higher across the three Prairie provinces, according to price quotes from a cross-section
Hog prices fighting for stability
CNS Canada — Canadian hog prices have been drifting slightly lower over the past few weeks but are showing signs of turning the corner, according to one industry expert in Saskatchewan. Brad Marceniuk, a provincial livestock development specialist in Saskatoon, said he expects prices to stabilize in the next couple of weeks as slaughter numbers
Prairie wheat bids ebb lower
CNS Canada –– Cash wheat bids across Western Canada ebbed lower during the week ended Friday, as U.S. futures dipped and basis levels fluctuated. Average Canada Western Red Spring (CWRS) wheat prices were down by C$2 to $5 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points.
ICE weekly outlook: Canola drops below range
CNS Canada — ICE Futures Canada canola contracts finished the week ended Tuesday below their recent range, pressured there by a bearish U.S. Department of Agriculture report that sent grain and oilseed markets tumbling across North America. “Technically the chart looks like it is breaking down, we’re underneath the 50-day moving average in the January
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