Spring wheat futures at the Minneapolis Grain Exchange have been in a steady downtrend for the past three months, and are currently holding just above major support. Further losses are possible, although values are likely nearing a point that will encourage more export demand, said an analyst. Looking at a monthly chart, the nearby Minneapolis
Spring wheat futures nearing major support
Softer feed barley market stabilizing
Harvest pressure and declining demand have weighed on barley bids in Western Canada lately, but the market is showing signs of stabilizing heading into the winter months. “We’re trading sideways right now,” said Jim Beusekom of Market Place Commodities in the key Lethbridge feeding area of southern Alberta. Spot prices have come down considerably over
Market looks past tight Canadian grain, oilseed stocks
Carryover stocks of most major grains and oilseeds in Canada were tighter on July 31 than they were at the same point in 2012 — but new-crop production is expected to more than make up for smaller ending stocks, according to market participants. Statistics Canada on Friday pegged Canadian canola ending stocks at 608,000 tonnes
Large crops seen making up for tighter Canadian stocks
Statistics Canada is expected to confirm relatively tight ending stocks of most major Canadian grains and oilseeds when its report on stocks as of July 31 is released Friday. However, with large production prospects to more than make up for the small carryover, market participants were uncertain what the stocks data would do for prices.
ICE outlook: Harvest pressure to weigh on canola
ICE Futures Canada canola contracts moved lower during the week ending Wednesday, as large production prospects and spillover from the softer tone in CBOT (Chicago Board of Trade) soyoil weighed on values. Harvest pressure is expected to keep the path of least resistance to the downside over the next couple of months, although activity in
Cycles point to potential early Sept. Prairie frost: Lerner
Cyclical weather patterns developing in Western Canada point to cooler temperatures and the possibility of frost in early September, according to meteorologist Drew Lerner of World Weather Inc. in Kansas City. Based on a number of studies over the past few months, “we think we’ve identified a pattern in the atmosphere that is repeating at
CWB offers pooling program for yellow peas
CWB (formerly the Canadian Wheat Board) is branching out to include a pool for yellow peas in its second year as an independent grain marketer in Western Canada. In addition to its traditional wheat, durum, and barley pools, the CWB released its first-ever pool return outlooks (PROs) for field peas on Aug. 15, offering a
CWB branching out into yellow peas
CWB (formerly the Canadian Wheat Board) is branching out to include a pool for yellow peas in its second year as an independent grain marketer in Western Canada. In addition to its traditional wheat, durum and barley pools, CWB released its first-ever pool return outlooks (PROs) for field peas on Aug. 15, offering a pooled
ICE outlook: Canola still watching weather
ICE Futures Canada canola contracts moved higher during the week ended Aug. 21, seeing a further correction from the lows set earlier in the month as oversold price sentiment and gains in CBOT soybeans provided support. Canadian harvest operations are starting to move forward, and the expectations for a large crop may limit the upside
Record StatsCan canola estimate likely larger still
Canadian canola production will likely end up even larger in 2013-14 than the already record-high estimate from Statistics Canada in its first survey results of the year, according to industry participants. StatsCan on Wednesday pegged canola production in 2013-14 at a record 14.7 million tonnes, which would compare with 13.3 million tonnes the previous year.
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