CNS Canada — A surprisingly large increase for oats acres in Statistics Canada’s planting intentions report on Thursday led to a quick drop in prices. However, actual area will likely come in below the early expectations, as declining prices should cause some acres to shift elsewhere. Oats plantings were pegged at 3.6 million acres by
Big oats intentions surprise market
Rise in Canadian dollar pressures canola values
How a new CWB owner affects markets remains to be seen
ICE Futures Canada canola contracts dropped hard on Thursday (April 16) but managed to claw back some of those losses by Friday. The old-crop May and July contracts were both lower on the week, as a strengthening Canadian dollar provided the catalyst for a round of fund selling. The currency climbed by over two cents
Canola down, wheat up in StatsCan’s first acreage estimates
CNS Canada –– Canadian farmers intend to seed a bit more wheat and a bit less canola this spring compared to a year ago, according to the first survey estimates from Statistics Canada. However, adjustments are likely in subsequent reports, while weather over the growing season will become more important in determining actual production. “There’s
ICE weekly outlook: Canola rangebound, watching acreage
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but finished the week well off of their nearby lows as some support was uncovered to the downside. Barring a surprise in Statistics Canada’s planting intentions report, due out Thursday, canola futures are looking rangebound for the time being. Fund
Opinions mixed ahead of StatsCan acreage report
CNS Canada –– An early spring and relatively dry fields across much of Western Canada should allow farmers to increase total seeded acreage in 2015, but most analysts only expect minor adjustments on a crop-by-crop basis when Statistics Canada releases its planting intentions report. “StatsCan acreage numbers are always a bit unpredictable… but nobody is
Prairie wheat bids slide with U.S. futures
CNS Canada — Cash bids for Canadian wheat were down during the week ended Friday, as losses in the U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $10-$19 per tonne, with bids ranging from $185 per tonne in north-central Saskatchewan to $209 per tonne in Manitoba, according
Canadian Prairie wheat bids drop with U.S. futures
Average Canada Prairie Red Spring (CPRS) bids were down by $17 to $19 per tonne compared to the week prior
Cash bids for Canadian wheat were down during the week ended April 10, as losses in the U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $8 to $10 per tonne, with bids ranging from $200 per tonne in north-central Saskatchewan to $219 per tonne in Manitoba, according
Feed barley likely topping out for now in Alta.
CNS Canada — Feed barley prices have shown some strength over the past month in Alberta, but are likely topping out for now as attention starts to turn to the new crop. Feed barley is now trading at about $217 per tonne for April/May delivery in the key Lethbridge, Alta. feeding area, according to feed
Prairie wheat bids drop with U.S. futures
CNS Canada –– Cash bids for Canadian wheat were down during the week ended Friday, as losses in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by C$8-10 per tonne, with bids ranging from $200 per tonne in north-central Saskatchewan to $219 per tonne in Manitoba, according to
Prairie hemp acres reaching plateau
CNS Canada — Hemp continues to draw interest as an alternative cropping option in Western Canada, but its slow pace in moving toward deregulation may be limiting the upside acreage potential. Early expectations are for planted area of about 100,000 acres this year, which would be slightly above what was seeded in 2014 and a
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