CNS Canada — U.S. wheat futures posted some big gains over the past three months, but now find themselves right back where they started and could be due for more weakness as the futures have filled a gap on the charts. CBOT wheat futures gapped higher on March 3, as Russian troops entered Crimea and
Chicago wheat futures drop to fill chart gap
CBOT soybeans, corn becoming weather markets
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower during the week ended Wednesday, with good crop prospects across the Midwest weighing on values. With the U.S. corn crop 95 per cent seeded as of Sunday, and over three-quarters of intended soybean acres in the ground, attention in both
Thunder Bay grain shipments up sharply
CNS Canada — The Port of Thunder Bay has completed its busiest month in over a decade, moving over 1.5 million tonnes of cargo in May as the late start to this year’s season had shippers playing catch-up. Grain shipments accounted for the bulk of the activity in Thunder Bay, with 1.318 million tonnes shipped
Prairie wheat bids continue to slide
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) were weaker during the week ended Monday, as continued losses in the U.S. futures remained a bearish influence on Canadian bids. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta
Large green pea crop prospects to weigh on prices
CNS Canada — Canadian pea crops are generally in the ground, as they are usually one of the first seeded in Western Canada, but the makeup of the acreage remains to be seen and could impact prices going forward. Canadian farmers, primarily in Saskatchewan, intended to plant 3.975 million acres of peas in 2014, up
U.S. new-crop soybeans and corn under pressure
CNS Canada –– Improving weather conditions across the U.S. Midwest weighed on soybean and corn futures at the Chicago Board of Trade over the past week, and further declines are likely heading into the summer months, according to an analyst. Weather conditions across the Midwest’s corn- and soybean-growing regions have shown some improvement. Terry Reilly
Prairie wheat bids drift lower with U.S. futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats were weaker during the week ended Monday, as continued losses in U.S. futures weighed on prices. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$202 per
Don’t write off ICE Canada’s grain futures just yet
CNS Canada — Milling wheat and durum contracts offered by ICE Futures Canada have not seen any actual trade in over a year, and it’s been five months since feed barley last had any open interest — but the exchange isn’t ready to give up on the grain contracts just yet and will explore its
ICE weekly outlook: Canola nearing resistance
CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, with the biggest gains in the new-crop months as concerns over planting delays in parts of Western Canada provided some support and the spreads narrowed in. However, canola may be running into resistance to the upside, according to market participants.
Prairie winter wheat in good shape, analyst says
CNS Canada — Winter wheat crops across Western Canada are generally in good shape, according to a CWB analyst, although the lateness of the spring thaw will also push back the harvest in many areas. “The winter wheat is in reasonably good shape,” said Bruce Burnett, a CWB weather and crops specialist. Emergence and moisture
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