Cash bids for spring wheat in Western Canada were weaker during the week ended Tuesday as U.S. markets held relatively steady but basis levels in the Prairies widened. Average spot bids for Canada Western red spring (CWRS, 13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$230 per tonne ($6.28 per
Prairie wheat bids edge down as basis widens
Enough malt barley to fill demand, but at lower protein
Quality and protein issues may limit how much of Canada’s barley crop meets malt specifications this year. Larger production overall, however, will still leave the country with more than enough malt-quality barley to meet the demand — and result in some malt barley ending up in feed channels. Premiums for higher-protein malt barley are possible
North Dakota canola crop ‘phenomenal’
Canola acres may have been down in North Dakota this year, but good growing weather throughout the year are reported to have resulted in a “phenomenal” crop overall. Area planted to the crop in the major canola-growing state came in at only 850,000 acres, which compares with the nearly 1.5 million acres seeded the previous
Record-large Canadian crops come as no surprise
Upward revisions in Friday’s Statistics Canada production report to all major grain and oilseed crops grown in Canada came as no surprise to industry participants, with even larger crops expected to be confirmed in subsequent reports. The headline canola and wheat numbers were both up considerably from the August report. Canada’s 2013-14 canola crop is
ICE weekly outlook: Large crop overhanging canola
ICE Futures Canada canola contracts moved lower during the week ended Wednesday, hitting their softest levels in nearly two months as harvest pressure and spillover from the declines seen in the CBOT soy complex weighed on prices. While rain delays were being reported in some parts of Western Canada during the week, the advancing harvest
Upward revisions expected for StatsCan’s crop estimates
Yield reports coming in from across Western Canada point to considerably larger grain and oilseed production than originally expected — but just how big canola, wheat and other crops are remains to be seen. Statistics Canada releases its latest crop survey results on Friday (Oct. 4). StatsCan conducted its survey at the beginning of September,
Minneapolis spring wheat loses premium over winter wheat
Minneapolis spring wheat futures have lost all of their normal premiums over Kansas City hard red winter wheat futures, as divergent fundamental factors work on the two classes of wheat. However, it’s only a matter of time before spring wheat regains its ground relative to the Kansas City winter wheat. The December Kansas City hard
Manitoba edible beans looking good
Manitoba’s edible bean harvest is about half finished, and the crop is in good shape overall. With solid prices and yields, farmers should see favourable returns going forward, although harvest pressure may limit the immediate upside. “The bean crops are looking good… yields are good overall,” said Tina Scott of Legumex Walker’s beans division at
ICE outlook: Canola facing harvest pressure
Canola contracts on the ICE Futures Canada platform moved lower during the week ended Wednesday, hitting their softest levels in a month as harvest pressure weighed on values. With expectations for a record-large crop, the path of least resistance is expected to remain pointed lower in the near term, although canola will also take some
Harvest pressure weighs on Prairie wheat bids
Cash bids for spring wheat in Western Canada continued to move lower during the week ended Monday, as harvest pressure and reports of good yields caused basis levels to widen. Average spot bids for Canadian Western red spring (CWRS) wheat at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in at around C$222
Cyber-Savvy Farmer
