Average cash bids for Canada Western Red Spring (CWRS) wheat moved down across Western Canada during the week ended Friday, as continued losses in U.S. futures weighed on values. The highest CWRS prices were still available in Manitoba, but average bids in the province declined by $8 from the previous week, coming in at roughly
Wheat bids slide with U.S. futures
ICE weekly outlook: Canola still pointed lower
CNS Canada –– ICE Futures Canada canola contracts moved lower during the week ended Wednesday, and could be due for some more weakness as the Canadian harvest picks up and large U.S. soybean production prospects weigh on oilseeds in general. With expectations for a record-large U.S. soybean crop, there has been a dramatic change in
Wheat bids down again
CNS Canada — Average bids for Canada Western Red Spring (CWRS) wheat moved down by an average of $2 to $5 per tonne across Western Canada during the week ended Friday, as large global wheat supplies weighed on the North American market. The highest CWRS prices were still available in Manitoba, but average bids in
Bigger feed wheat supplies to stay put for now
CNS Canada — Adverse weather conditions over the past month, including snow in Alberta and untimely rains in many other regions of the Prairies, are expected to lead to quality downgrades in Canada’s wheat crop. While a greater percentage of the wheat in the country will likely go to feed than normal, Canada is unlikely
Winter comes early to Alta., crop downgrades likely
CNS Canada — There may technically still be two more weeks of summer on the calendar, but winter weather has hit Alberta already and is raising quality concerns for unharvested crops in the province. Widespread snowfall and temperatures near the freezing mark were being reported Monday across the province. The winter weather is expected to
Prairie wheat bids follow U.S. futures lower
CNS Canada — Bids for Canada Western Red Spring (CWRS) at moved down at most locations across Western Canada during the week ended Friday, despite mounting weather-related concerns across the Prairies, as losses in U.S. futures weighed on prices. The highest CWRS prices were still available in Manitoba, but average bids in the province declined
Fund traders adding to canola shorts
CNS Canada — The fund short position in ICE Futures Canada canola continues to grow, but market participants believe it may get larger still before those speculators turn around and book profits. Back in mid-July, the fund short position was already considered large, at over 20,000 contracts. Speculators have steadily added to that position over
Lentil crop quality a concern
CNS Canada — Top-end Canadian lentils may be hard to find this year, as wet weather and the late harvest are expected to lead to quality downgrades. The lentil harvest in Saskatchewan, where the bulk of Canada’s crop is grown, is only about 23 per cent complete, according to the latest weekly report from Saskatchewan
ICE weekly outlook: Canola drifting down with soybeans
CNS Canada — ICE Futures Canada canola contracts held rangebound during the week ended Wednesday, although the bias remains pointed lower in the most active contracts, as a bearish outlook for the U.S. soybean market is expected to overpower any supportive news for canola. “The worldwide market isn’t paying attention to the emerging Canadian production
Prairie wheat bids hold steady
CNS Canada — Average bids for Canada Western Red Spring (CWRS) wheat across Western Canada held relatively steady during the week ended Friday, with slight improvements in basis levels generally compensating for declines in the U.S. futures, according to average prices quoted from a cross-section of Prairie elevators. CWRS bids remain the strongest in Manitoba,
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