CNS Canada — Soybeans are a relatively new crop in Saskatchewan, but are generating more traction and are expected to increase their footprint in 2015. Saskatchewan farmers planted 270,000 acres of soybeans in 2014, nearly double the previous year, according to Statistics Canada data. “We’re expecting soybean acres to rise again,” said Carl Potts, executive
Soybeans to see continued growth in Saskatchewan
Fababeans making more inroads on Prairies
CNS Canada — Fababean acres are on the rise in Western Canada, as the crop is seen as a good pulse alternative for producers seeking other options in their rotations. Better disease resistance and ease of harvest have been two selling points for the crop. “We’ve had significant uptake on fababeans,” said Leanne Fischbuch, executive
CBOT weekly: Soybeans, corn await next USDA reports
CNS Canada –– Soybean futures at the Chicago Board of Trade (CBOT) moved up and down during the week ended Wednesday, but posted losses on the whole as concerns over a truckers’ strike in Brazil subsided. While large South American crop prospects remain a bearish influence in the background, the market could be due for
Prairie wheat bids mixed; CWRS down, CPSR up
CNS Canada — Wheat cash bids across Western Canada only saw some minor adjustments during the week ended Friday, with some classes seeing small gains and other wheat classes down slightly. Average Canada Western Red Spring wheat prices were steady to as much as $3 per tonne lower during the week, with bids ranging from
Spring load limits to slow grain movement on Prairie roads
CNS Canada — Spring road bans are starting to be put into place across Western Canada as temperatures warm up in the Prairie provinces. The annual restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage heavier loads can cause during the spring thaw period. Grain and
ICE weekly outlook: Canola runs into resistance
CNS Canada — ICE Futures Canada canola contracts hit their highest levels in seven months during the week ended Wednesday, but ran into resistance to the upside and posted small losses in most months on a week-by-week basis. The nearby March contract was down sharply on the week, as traders exited the front month and
Soybeans’ potential seen growing on Prairies
Winnipeg | CNS Canada — Soybean acres in Canada — particularly Western Canada — are expected to be on the rise, according to an analyst. “I’m basing that on new varieties as well as price,” Chris Beckman, oilseeds analyst for the grains and oilseeds division of Agriculture and Agri-Food Canada, told the annual Wild Oats
Low stocks-to-use ratio to keep pea bids well supported
Winnipeg | CNS Canada — Canadian pea exports have been running at a very solid pace during the 2014-15 crop year to date, but supplies are seen to be running out and the market will need to work to ration demand over the later portion of the marketing year. Canadian peas have been leaving the
Inelastic demand to keep mustard well supported
Winnipeg | CNS Canada –– The inelastic demand for Canada’s mustard crop is expected to keep prices well supported, as the country is the major world supplier and end-users need to make sure the acres keep going in the ground. “There’s no substitute for mustard,” Walter Dyck of Olds Products told the annual Wild Oats
Prairie CWRS wheat bids drop with U.S. futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat across the Prairies moved lower during the week ended Friday, taking most of their direction from a downturn in U.S. futures. Average CWRS prices lost about $9-$10 per tonne, with prices ranging from about $201 per tonne in north-central Saskatchewan to $220 per
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