CNS Canada — Cash wheat bids across Western Canada stayed mainly rangebound during the week ended Monday. Average Canada Western Red Spring (CWRS) wheat prices were up by C$1 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points. Bids ranged from $228 per tonne in Manitoba to
Western Canadian wheat bids stay rangebound
StatsCan comes in at low end of expectations for canola
CNS Canada — Despite an upward revision of nearly a million tonnes in Statistics Canada’s latest report, most analysts expect canola production will keep climbing further. StatsCan on Friday morning released its updated grain/oilseed production estimates, with data collected through surveys taken between Sept. 3 and 13. Canola production numbers came in at 14.3 million
Market demand for Canadian hemp exceeding supply
CNS Canada — As hemp users develop more uses for the plant and its seed, so too grow the demands on the crop. It’s a demand becoming tougher to fill, according to an industry expert, as the general public becomes increasingly interested in the plant. “You talk about canola being the miracle crop? Well, hemp
ICE weekly outlook: Canola climbs despite harvest pressure
CNS Canada –– ICE Futures Canada canola contracts finished higher for the week ended Wednesday, posting gains of $9-$10 per tonne despite mounting harvest pressure and large world supplies of vegetable oil. The slumping Canadian dollar, which momentarily reached its lowest point in 11 years during the session, has been a big reason behind canola’s
VW scandal might ‘hurt’ diesel prices, gas analyst says
CNS Canada –– The scandal gripping German automaker Volkswagen and its diesel-powered passenger cars could ultimately result in a glut of diesel coming onto the market, according to a fuel analyst. “I don’t think anybody sees diesel going away forever, but from a passenger vehicle (viewpoint) we really need to get more evidence. Is this
Flax crop could average 30 bushels an acre
CNS Canada –– Canada’s 2015-16 flax crop could be about 30 per cent bigger than last year’s, according to an expert in the industry. “A million tonnes is what they’re talking about for Canada,” said Richard Zacharias, general manager of Prairie Flax Products near Portage la Prairie, Man. While the majority of the crop still
CBOT weekly outlook: Corn, soybeans feeling harvest pressure
CNS Canada — Chicago Board of Trade (CBOT) corn and soybean futures finished lower for the week ended Wednesday as the advancing harvest pressured already-low prices. The front-month soybean contract dropped to some of its lowest levels in more than six years. The rising strength of the U.S. dollar has made life difficult for U.S. exporters
Prairie wheat bids dip slightly
CNS Canada — Cash wheat bids across Western Canada generally dropped lower during the week ended Friday. Average Canada Western Red Spring (CWRS) wheat prices were up by C$1-$3 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points. Bids ranged from about $221 per tonne in southern
Manitoba corn growers warily eye moisture content
CNS Canada — While harvest is underway for most farmers across Western Canada, many corn growers are busy eyeing the moisture content in their plants. “I know of guys testing at 32 per cent (moisture content of the kernels). That’s abnormal for this time of year,” said Morgan Cott, an agronomist with the Manitoba Corn
ICE weekly outlook: Growers hanging onto supplies
CNS Canada — ICE Futures Canada canola contracts chalked up gains for the week ended Wednesday, as farmers hung onto supplies in the quest to draw out better prices. The January canola contract was the most consistent mover, finishing higher for the seventh consecutive session on Wednesday. Either “producers are not selling it or the
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