CNS Canada –– Good-quality durum has enjoyed large premiums over other wheat classes this past year, but opportunities for any unpriced durum still left to sell may be getting harder to find, as attention turns to large global new-crop projections. Durum prices today are topping out at about $9.75 per bushel in Saskatchewan, according to
Time running out for high durum prices
CWRS wheat bids rise with U.S. futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat across the Prairies generally moved higher during the week ended Friday. Average CWRS prices gained about $7-$9 per tonne, with prices ranging from about $210 per tonne in north-central Saskatchewan to $228 in Manitoba, according to bids from a cross-section of delivery points
Ukraine ceasefire may, or may not, weigh on wheat
CNS Canada –– A tentative ceasefire in eastern Ukraine could lead to adjustments in the global grain markets, with softening wheat prices a possibility. Conflict in eastern Ukraine has been an underlying factor in grains and oilseeds markets over the past year, with the uncertainty of the situation providing both bearish and bullish incentives for
Chickpea prices subdued, bounce unlikely in short term
CNS Canada –– Weather issues in India have generated some rumblings in the international chickpea market recently, but prices remain subdued in Western Canada and aren’t expected to see any significant strength in the near term. “The chickpea market is still being dominated by very cheap Russian and Argentine supplies,” said Colin Young of Midwest
Bulk shipping cost index sinks to 30-year lows
CNS Canada –– The Baltic Dry Index, which tracks global bulk shipping rates, has fallen to its lowest levels in 30 years, which should make North American grains and oilseeds more competitive in the international market. The index (BDI) was quoted Monday at 554 points, the lowest reading since records start in 1985. The index
Nearby lows likely in for wheat futures
CNS Canada — All three U.S. wheat futures markets have seen a sizeable corrective bounce after hitting their lowest levels in months to start the week — and could be due for some more strength heading into the spring, a U.S. analyst says. “I’d like to think that the lows are in for the short
ICE weekly outlook: Canola ‘reasonably balanced’
CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, but remain rangebound overall with offsetting market factors expected to keep values steady in the short term. “The market seems, at least temporarily, reasonably balanced,” said Jon Driedger of FarmLink Marketing Solutions. “It’s that window of the year where there’s
Prairie CWRS bids weaken slightly
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat generally moved lower during the week ended Friday. Average CWRS prices lost about C$1-$4 per tonne, with prices ranging from about $197 per tonne in north-central Saskatchewan to $216 per tonne in Manitoba, according to bids from a cross-section of delivery points
Wheat basis muddied in Western Canada
CNS Canada — The difference between futures markets and cash markets for any exchange-traded commodities can usually be brought into focus by the basis — that is, except in Prairie wheat, where that focus has now gone fuzzy. Typically, a wide or narrow basis provides some indication of how representative the futures market is of
All crops not equal in face of weakening dollar
CNS Canada –– With the Canadian dollar falling to its weakest levels relative to its U.S. counterpart in six years, the general sentiment holds it should be good news for exporters, such as Canadian grain farmers. However, any net benefit may depend on what exactly is being exported and who is doing the buying, according
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