CNS Canada — Soybean futures at the Chicago Board of Trade moved higher during the week ended Wednesday, but profit-taking came forward to limit the advances. And while more speculative long liquidation is possible in the short-term, the longer-range trend remains pointed higher, according to an analyst. Soybeans had rallied in the lead up to
Specs book profits in soybeans, but trend still up overall
ICE weekly outlook: Farmer selling to limit canola gains
CNS Canada — ICE Futures Canada canola contracts dropped sharply during the week ended Wednesday, but managed to recover off of those nearby lows with oversold price sentiment and an increase in commercial demand providing some support. Further gains may be hard to come by, however, as large unpriced supplies overhang the market. The nearby
Malt barley supplies large ahead of new crop year
CNS Canada –– After seeing record yields in 2013, Canada could still be holding onto enough malt barley to supply the domestic industry for an entire year at the end of the current crop year. Those large supplies are cutting into prices, but buyers will still need fresh stocks due to germination issues, and may
CWRS wheat bids rising with U.S. futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat moved higher over the past week, as weather worries in the U.S. Plains and uncertainty over Black Sea grain movement remained supportive for North American prices. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came
Strong red lentils to draw in acres
CNS Canada –– Red lentil bids in Western Canada are showing some strength, which may bring more acres to the crop this spring. “We’ll be quite tight on red lentils going into the fall,” said Bobby Leavins of Rayglen Commodities in Saskatoon on the relative strength in the market. Good export demand, together with weather
CBOT soybeans nearing resistance
CNS Canada — Chicago Board of Trade soybean contracts moved higher during the week ended Wednesday, but are running into upside resistance as a number of bearish factors overhang the market. “Over the short term (soybeans) will be very choppy, but over the medium and long-term I’m still bearish,” said analyst Terry Reilly of Futures
Prairie farmland market still strong, but slowing down
CNS Canada — Farmland values in Western Canada remain strong, but aggressive activity in recent years is showing signs of slowing down as difficulty moving grain this winter takes its toll on prospective buyers. “There are still definitely buyers, especially for the better quality properties, but maybe the enthusiasm has been dampened somewhat,” said Grant
Prairie wheat bids up with U.S. futures
CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPRS) and Canadian Western Red Spring (CWRS) wheat moved higher over the past week, as weather worries in the U.S. Plains and uncertainty over Black Sea grain movement boosted U.S. futures. Average spot bids on Monday for CWRS (13.5 per cent protein) across
ICE weekly outlook: Canola balance shifting higher
CNS Canada –– Canola futures on the ICE Futures Canada platform held relatively rangebound during the week ending Wednesday, but were slightly stronger overall. The nearby trend has shifted higher for canola, as the logistics issues that have limited grain movement over the winter start to show signs of clearing up. “We have tipped the
Wheat bids edge up with futures, but basis still wide
CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPSR) and Canada Western Red Spring (CWRS) wheat moved higher over the past week, with continued strength in the U.S. futures providing some support. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at
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