CNS Canada — Canadian canola crush margins are finally starting to ease into more traditional levels, after hitting their highest prices ever over the winter months. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates also factoring in to the equation.
Canola crush margins easing
Higher bacon prices still to come, analyst says
CNS Canada — Rising pork prices and shrinking bacon packages have made headlines across Canada recently — but consumers should prepare to spend even more for bacon over the next few months, as processors between the farmer and the grocery store are still seen to be losing money. Western Canadian hog producers are currently experiencing
ICE weekly outlook: Canola rangebound, watching weather
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, as the market retreated from nearby highs. However, canola is lacking any clear direction for the time being and is expected to remain rangebound overall until some fresh fundamental news comes forward. “The market is in a ‘wait and see’
U.S. wheat futures still rising, but ‘getting tired’
CNS Canada –– All three U.S. futures markets climbed higher over the past week, rising to some of their best levels of the year. There is some more room to the upside, but further gains may be short-lived, according to an analyst. “Wheat is getting tired,” said Randy Martinson of Progressive Ag at Fargo, N.D.
StatsCan canola area intentions come in below expectations
CNS Canada — Canadian farmers intend to seed less canola than most industry participants had anticipated this year, according to the first survey-based estimates from Statistics Canada, released Thursday. However, adjustments to actual seedings are still possible, as spring seeding has yet to begin across Western Canada. StatsCan pegged canola area at 19.8 million acres,
ICE weekly outlook: Canola down, but still watching beans
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, hitting their softest levels in a month as bearish technical signals and increased farmer selling weighed on values. While the technical bias has turned lower, the Canadian market could still find some spillover strength from the CBOT soy complex, according
Less wheat, more canola expected in Canada
CNS Canada — Canadian farmers are expected to seed less wheat and more canola in 2014, according to average trade guesses ahead of Statistics Canada’s planting intentions report due out Thursday. “Compared to last year, we’ll see less wheat,” said Jon Driedger of FarmLink Marketing in Winnipeg, estimating spring wheat area could be down by
CWRS wheat cash bids edge down, basis steady
CNS Canada –– Cash bids for Canada Western Red Spring (CWRS) wheat held relatively steady during the week ended Monday, posting small losses in many locations in sympathy with the Minneapolis futures. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $197 per tonne, or $5.35
ICE weekly outlook: Charts up for canola, but little else
CNS Canada — ICE Futures Canada canola contracts posted solid gains during the week ended Wednesday, as prices broke above nearby resistance and speculators added to long positions. While there is still more room to the upside from a chart standpoint, an analyst cautioned there was little fundamental news to account for the gains. “The
Logistics still propping up old-crop oats
CNS Canada — The oats futures market remains at a considerable inverse, with the old-crop May contract in Chicago trading at an 88-cent premium over the new-crop December as logistics issues continue to hamper Canadian grain movement. “There are oats on farm, but the U.S. mills are having a hard time physically taking possession,” said
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