CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat showed some improvement at many delivery points across Western Canada during the week ended Monday, and held steady overall despite sharp declines in U.S. futures. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Monday at
Prairie wheat bids steady overall
Polar vortex in July? No, but cooler temps still on the way
CNS Canada — A cold mass of air making its way from the Arctic toward the U.S. has led to some reports of a summer return of the “polar vortex” that sent temperatures plummeting to extreme lows over the past winter. While the weather patterns are similar, the surge of cooler air isn’t likely to
More room to downside for falling wheat futures
CNS Canada — U.S. wheat futures have posted large losses over the past two months, but could be headed lower still as the winter wheat harvest moves northward and the country’s spring wheat crop is reported to be in good shape for the time being, said an analyst. CBOT soft wheat futures are currently trading
Spring wheat bids decline for fourth straight week
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPRS) continued their downward slide during the week ended Monday, as losses in the U.S. wheat futures weighed on values for the fourth straight week. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and
ICE weekly outlook: Canola down, despite weather
CNS Canada –– ICE Futures Canada canola contracts dropped sharply in the most active months during the week ended Wednesday, as a selloff in the U.S. soy complex spilled over to weigh on values. Expectations for continued weakness in soybeans should remain bearish for canola overall, but mounting weather concerns across the Prairies will help
Large lentil crop facing weather concerns
CNS Canada — Canadian farmers planted the most lentils in five years in 2014 — but quality issues are already starting to emerge that could underpin prices going forward, according to a market analyst. Updated acreage estimates from Statistics Canada, released Friday, pegged lentil area in the country at 3.24 million acres, which was up
Declining U.S. DDGs still too expensive for Canada
CNS Canada — A move by China to restrict imports of corn-based distillers dried grains (DDGs) from the U.S. has cut into prices for the ethanol byproduct — but levels are still not cheap enough to see much of an increase in Canadian demand. While Canada was once the go-to destination for DDGs from the
ICE weekly outlook: Canola down, but watching weather
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, with the biggest losses in the new-crop months as the July/November spread moved back to an inverse. “That spread is not going to be at carrying charges again until the producer sells it, and if he doesn’t sell in June…
ICE barley trades for first time in six months
CNS Canada –– The long-dormant barley contracts on the ICE Futures Canada platform saw a glimmer of life on Tuesday as buyers and sellers met up to make some actual trades for the first time in six months. Five October 2014 barley contracts changed hands at $125 per tonne, with commercial entities likely behind the
Prairie wheat bids edge up with futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat edged higher during the week ended Monday, as U.S. futures saw a corrective bounce off nearby lows. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta on Monday came in at
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