CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Friday, with adjustments to basis levels behind much of the declines. In Manitoba, the average CWRS price declined to $232 per tonne, from $234 the previous week. Similar losses were noted across the rest of the
CWRS wheat bids edge down in Western Canada
Steadier demand sought in China for Canadian canola
CNS Canada — Chinese demand for Canada’s canola and canola oil remains a key driver for the Canadian industry — but China has been an inconsistent customer in the past, which makes developing ongoing relationships important. China in 2013-14 imported 3.9 million tonnes of Canadian canola, accounting for almost half of Canada’s total exports during
Ceiling still far off for rising feed barley market
CNS Canada — Feed barley prices in Western Canada have climbed steadily higher over the past few months and have more room to go, before strong prices inevitably make U.S. corn imports more attractive. “The feed barley market is hot,” said Jerry Klassen, manager for Swiss-based GAP SA Grains and Products in Winnipeg. Aadverse weather
CBOT soy, corn retreating with harvest pressure
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower during the week ended Wednesday, retreating from the nearby highs hit the previous week as increased farmer and speculative selling weighed on values. Both soybeans and corn hit three-month highs last Wednesday (Nov. 12) before turning lower in subsequent days.
U.S. wheat futures consolidate, but more strength possible
CNS Canada — U.S. wheat futures have run into some resistance after posting solid gains recently, and could see some more consolidation in the short term. However, there are still a number of supportive factors at play in the wheat market, according to an analyst. “The rally has really slowed down, and we’ve reversed from
Prairie spring wheat bids rise with U.S. futures
CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat moved higher during the week ended Friday, as strengthening U.S. futures provided support. In Manitoba, the average CWRS price rose to $234 per tonne, from $223 the previous week. Similar gains were noted across the rest of the Prairies, with average prices
ICE weekly outlook: Canola mixed, watching beans
CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with losses in the front months and a firmer tone in some of the more deferred positions. The most active January contract lost $5.40 per tonne during the week, while the March contract was only down 40 cents. As a
Prairie spring wheat bids soften
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Friday, as basis levels held reasonably steady and prices drifted down with the U.S. futures. In Manitoba, the average CWRS price declined to $223 per tonne, from $234 the previous week. Similar declines were noted across
Strong durum market starting to show signs of faltering
Commodity News Service Canada — It’s a well known sentiment in the grain markets that ‘the best cure for high prices is high prices,’ and that is starting to show signs of proving true in the Western Canadian durum market. Durum bids in the $10 to $11 per bushel range can currently be found in
Canola rangebound, but nearby bias up
Commodity News Service Canada — ICE Futures Canada canola contracts moved up and down during the week ended November 5, but finished mixed overall with gains in the front months and losses in the more deferred positions. While the market appears rangebound for the time being, the nearby contracts still have some more room to
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