CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat deteriorated slightly during the week ended Friday, as losses in the US futures weighed on values. CWRS prices were $2-$5 per tonne lower across the three Prairie provinces, with average values ranging from about $205 per tonne in north-central Saskatchewan to $219
Prairie CWRS bids ease with U.S. futures
Canola running into chart resistance
Commodity News Service Canada — ICE Futures Canada canola contracts hit some of their best levels since August on Dec. 23, but ran into resistance to the upside to settle with small losses. The nearby trend remains pointed higher overall, but the lack of liquidity over the Christmas and New Year’s holiday season could lead
Durum prices relatively steady
Commodity News Service Canada — The volatility in the global wheat markets in recent weeks has largely bypassed durum, which has seen its premiums over hard red spring wheat erode slightly in Western Canada. “Durum does what it wants, when it wants,” said a Saskatchewan-based durum broker, noting that the recent strength in Canada Western
Tighter special crops stocks: Ag Canada
Commodity News Service Canada — Canadian pulse and special crop ending stocks are forecast to be slightly tighter than earlier estimates, according to updated supply/demand tables released by Agriculture and Agri-Food Canada’s Market Analysis Division late Friday, December 19. Ag Canada pegged 2014/15 specialty crop ending stocks at 345,000 tonnes, which compares with the November
Louis Dreyfus Yorkton plant reopens
Commodity News Service Canada — The Louis Dreyfus canola crushing plant in Yorkton, Saskatchewan, is officially back in operation after an explosion at a meal storage facility in late October forced the plant to close for a number of weeks, says a Dec. 18 statement from the company. “We are pleased to announce that operations
Dreyfus’ Yorkton canola crush plant status still unclear
CNS Canada — Questions linger over the status of Louis Dreyfus Commodities’ canola crushing plant at Yorkton, Sask., which was forced to halt operations in late October due to an explosion at a meal storage facility. The plant has reportedly been back in operation since the beginning of December, but the company will not confirm
‘No news is good news’ for Canadian canola exports
CNS Canada — Steady end-user demand and a lack of any problems from a logistics standpoint are keeping Canadian canola exports moving at a solid pace — but a repeat of the record business of 2013-14 is still unlikely. “There is still some demand out there, but it’s probably not as strong as (at) the
CWRS wheat bids edge up across Prairies
CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat edged up by a dollar per tonne on average during the week ended Friday. In Manitoba, the average CWRS price rose to just under $234 per tonne, from $233 the previous week. Gains were similar across the rest of the Prairies, with
Russian export uncertainty driving U.S. wheat futures
CNS Canada — Uncertainty over Russian exports has brought some volatility to U.S. wheat markets, with shifting speculation on the country’s intentions a major driver in day-to-day futures trade. “We’ve seen the market see-saw back and forth, with whatever Russia said (influencing) the way the market moved,” said market analyst Bryan Strommen of Progressive Ag
Feed barley market quiet, awaiting new year
CNS Canada –– The feed barley market is in the middle of its seasonal slowdown. While demand should pick back up in the New Year, the prices might not have much room to the upside, given ample feed wheat supplies. “If you didn’t look at the calendar, you could still guess it was December,” said
Cyber-Savvy Farmer
