Production of Canada’s major grain and oilseed crops in 2013 is generally expected to show an improvement from the previous year, but the extent of the increase for each crop will depend on conditions over the latter half of the growing season. Statistics Canada releases its first survey-based production estimates of the crop year on
Large crops anticipated in StatsCan survey
Canola weak, but watching weather
Canola contracts on the ICE Futures Canada platform moved lower during the week ending Wednesday, setting fresh contract lows in the process. Speculative selling and relatively favourable crop conditions across Western Canada weighed on values. While the downtrend remains firmly in place, an analyst said prices could easily see a sizeable corrective bounce if any
One year later, open wheat market moves along
After 75-plus years of only marketing wheat through the single desk of the Canadian Wheat Board, western Canadian farmers have now had a year to get used selling the crop on an open market. Legislation passed by the Conservative government ended the single desk as of August 1, 2012. The rebranded CWB remains in operation as
ICE Canada weekly outlook: Canola still trending lower
ICE Futures Canada canola contracts dropped sharply during the week ended July 31, setting fresh lows in the process. A number of former chart support points were breached during the week, with the relatively favourable crop conditions seen across most of Western Canada adding to the speculative selling pressure. While canola may be looking oversold from
Canadian malt barley looking good, prices under pressure
Barley crops in western Canada are in good shape overall, although how much meets malt specifications will be highly dependent on weather conditions at harvest time. Prices have more room to the downside than the upside given the softer international market and expectations for large North American feed grain supplies. “In general, things look pretty good,”
Spring wheat futures stuck in downtrend: analyst
Spring wheat futures at the Minneapolis Grain Exchange remain stuck in a well established downtrend and are expected to remain pointed lower barring a weather scare or other outside influence. “Looking at a chart, it continues to show some weakness,” said Austin Damiani, a broker with Frontier Futures in Minneapolis. The September wheat contract in Minneapolis
Weekly Grain Market Report
For the week ended July 12/2013
ICE Futures Canada canola futures saw some mixed activity during the week ended July 12, but were lower overall by July 12 as relatively favourable crop prospects and a jump in the Canadian dollar weighed on values. The November canola contract finished the week at $530.80 which is right at the low end of a
Man., Sask. soybeans catch up on development
Soybeans may have been planted late in Manitoba and Saskatchewan this year, but hot temperatures in recent weeks have helped speed up the development. “They look great,” said Mark Jorgensen of soybean processor Delmar Commodities at Winkler, Man., noting hot days and hot nights have helped the soybeans gain ground despite being seeded a little
Prairie wheat bids down for second straight week
Cash wheat bids across Western Canada edged lower during the week ending Monday (July 8), as losses in the U.S. futures spilled into the Canadian market. Localized basis opportunities continued to be found in some cases, with the Canadian spot bids generally lagging the U.S. futures to the downside. Average spot bids on Monday for
Canola rangebound, watching weather and soybeans
ICE Futures Canada canola contracts were lower during the week ending Wednesday, as relatively favourable Canadian crop conditions and a combination of bearish outside market influences weighed on values. Prices neared the low end of their well established trading range and found some support, as activity slowed down ahead of the U.S. Independence Day holiday.
Cyber-Savvy Farmer
