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
Strong durum market starting to show signs of faltering
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
Harvest pressure on confectionery sunflowers
Commodity News Service Canada — The Manitoba sunflower harvest is progressing nicely, which is weighing on confectionery bids despite some quality concerns. “The sunflowers are still coming off… but there shouldn’t be much left by mid-November,” said Mike Durand, of Nestibo Agra in Deloraine, Manitoba. He said both yields and quality were variable, with the
Cheap grain could shore up any Man. forage shortages
CNS Canada — Excessive moisture in some parts of Manitoba over the past few months has led to localized forage shortages heading into the winter. However, ample feed grain supplies are expected to help supplement any lack of forages. Manitoba’s Interlake region was particularly hard hit by moisture in 2014. Water levels on both Lake
Upside likely limited for rising feed barley market
CNS Canada — Feed barley prices in Western Canada have shown some strength over the past month, but will need outside support to continue to move higher. Barley prices at Lethbridge, Alta. have moved off their harvest lows of $160 per tonne a month ago, to current levels around $180 per tonne, said Jim Beusekom
Harvest pressure looms for corn, soybean futures
CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) moved higher during the week ended Wednesday, as rainfall over parts of the U.S. Midwest caused harvest delays. “The lows were put in at the beginning of October, and we’ve seen a nice rally off of that,” said market analyst Bryan
U.S. wheat futures rising, but watching corn and beans
CNS Canada — U.S. wheat futures have shown some strength over the past month, but advancing harvest pressure from soybeans and corn may come forward to limit any additional independent strength in wheat over the next few weeks. After setting contract lows on Oct. 1, all three U.S. wheat markets have trended higher through the
Quality, calibre key for chickpeas going forward
CNS Canada — Saskatchewan farmers are still putting the finishing touches on this year’s chickpea harvest, with quality and calibre the two most important pricing factors to watch going forward. “We’re seeing a wide range of quality — everything from decent to significantly damaged,” said Colin Young of Midwest Investments in Moose Jaw. While green
Relative oats strength running into resistance
CNS Canada –– Oats bids in Western Canada are holding steady for the time being, but could be due for a setback given the weak U.S. corn market and declining nearby demand. “My bias is towards oats prices going down in relation to other commodities,” said Ryan McKnight of Linear Grain at Carman, Man. Demand
Canaryseed market quiet, but watching Europe
CNS Canada — Saskatchewan’s canaryseed harvest in Saskatchewan is moving along, although with production only up slightly on the year and demand steady for the time being, the market is relatively quiet. European demand, however, could be one supportive influence going forward. Current canaryseed prices range from about 22 to 24 cents per pound, and