CNS Canada –– Western Canadian cash bids for Canada Prairie Spring Red (CPSR) and Canada Western Red Spring (CWRS) moved higher over the past week, with a bounce in U.S. futures behind much of the strength. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at
Canadian spot wheat bids jump with U.S. futures
Prairie spot wheat bids weaken, but basis improves
CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPRS) and Canada Western Red Spring (CWRS) moved lower over the past 10 days as U.S. futures ran into upside resistance. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $169 per tonne, or
ICE weekly outlook: Canola bears lacking fresh news
CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ending Wednesday as the market continued to see a modest correction off of lows hit earlier in the month. “The longer-term trend still remains pointed lower, but we’ve had a correction,” said Jerry Klassen, manager of GAP SA Grains and Produits in
U.S. wheat futures entering neutral territory
CNS Canada — All three U.S. wheat futures markets have posted good gains in recent weeks, after touching contract lows at the end of January. With improvements of 80 cents to a dollar per bushel off of the lows for Minneapolis, Kansas City and Chicago futures, wheat is now in neutral territory from both a
Lentil business slow for now, but more acres likely
CNS Canada –– Lentil acres are poised for a slight increase in Canada this spring, with some area likely shifting from green into red varieties. However, ongoing logistics issues across Western Canada are putting some pressure on nearby values. Canadian farmers planted 2.39 million acres of lentils in 2013, growing a 1.88 million-tonne crop, according
Good demand for Canadian canola just across border
CNS Canada — Logistics issues and resulting poor prices continue to cause problems for Prairie farmers with canola to sell — but better values can be found just across the U.S. border. Northstar Agri Industries runs a canola crusher at Hallock, Minn. — about 40 km southeast of the Canadian border crossing at Emerson, Man.
ICE weekly outlook: More downside possible for canola
CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in over three and a half years during the week ended Wednesday, as speculative selling was met with only scale-down end-user pricing. While canola is oversold and due for a correction, further losses are still likely. “Speculators are massively short in canola,”
Edible beans set for increased Man. acres
CNS Canada — Relatively favourable prices should see more acres seeded to edible beans in Manitoba this spring, according to market participants. After seeding only about 94,000 acres of edible beans (white and coloured combined) in 2013, early indications are pointing to area in the 120,000- to 130,000-acre rage, depending on the spring weather, said
CBOT soybeans at a crossroads, awaiting South American crops
CNS Canada — Soybean futures at the Chicago Board of Trade moved higher during the week ending Feb. 5, but the market now finds itself at a bit of a crossroads. Tightening old-crop supplies and good export demand continue to provide support for the front months, but big production prospects out of South America mean
U.S. wheat futures correct higher
CNS Canada — All three U.S. wheat futures markets are finally seeing a corrective bounce, after declining steadily since October. While how much higher wheat futures can move remains to be seen, the sharp gains this week could be seen as a sign that the downtrend is over for the time being. “We’re finally coming
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