ICE Futures Canada canola contracts moved higher during the week ended May 15, with the largest gains in the old-crop July contract as tightening supplies and bullish technicals provided support. The current open interest in the July canola futures, of around 70,000 contracts, represents about 1.4 million tonnes of canola. With ending stocks for the
More upside likely in old-crop canola
Prairie wheat bids strengthen with weather concerns
Cash bids for Canada Western red spring (CWRS) wheat across Western Canada moved higher during the week ended Monday, as concerns over yield losses for the U.S. winter wheat crop and seeding delays in the northern U.S. and Canada provided support. Average spot bids for 13.5 per cent CWRS across Manitoba, Saskatchewan and Alberta came
Rising appetite for hummus supporting chickpeas
Growing North American demand for hummus should benefit Canadian chickpea growers as the Middle Eastern dip finds its way onto more and more grocery shelves. Chickpeas were highlighted in the Wall Street Journal recently in an article titled “Hummus is conquering America,” detailing how health-conscious consumers were driving demand for hummus, with sales for the
Improving weather drags Prairie wheat bids down
Cash bids for Canada Western red spring (CWRS) wheat across Western Canada moved lower during the week ended May 6, as concerns over North American wheat production prospects eased. On May 6, average spot bids for 13.5 per cent CWRS across Manitoba, Saskatchewan and Alberta came in at around C$278 per tonne ($7.57 per bushel)
Tightening canola stocks come as no surprise
Stocks of canola, wheat and many other Canadian grains and oilseeds are tighter than they were a year ago in the latest Statistics Canada report showing supplies in all positions as of March 31. The data was generally seen as supportive — but caused no immediate reaction in the markets. “The stocks are down for
Tightening canola stocks to be watched in StatsCan report
Just how tight the canola supplies in Western Canada are will be watched closely when Statistics Canada releases its latest stocks report on Friday (May 3). The government statistical agency’s report will show the stocks being held on farm and in commercial positions as of March 31, 2013. Canola supplies were already tight in a
CWRS bids steady in West; CPRS, durum rising
Cash bids for Canada Western red spring (CWRS) wheat held relatively steady across Western Canada during the week ended April 29, while Canada Prairie red spring (CPRS) and durum posted gains. Average spot bids for 13.5 per cent CWRS on April 29 across Manitoba, Saskatchewan and Alberta came in at around C$287 per tonne ($7.81/bu.),
New-crop concerns loom large over old-crop canola
ICE Futures Canada canola contracts moved higher during the week ended April 19, with the largest gains coming in the old-crop months. Those gains nearby may be tied to the tightening supplies in Western Canada, but have as much to do with new-crop perceptions as anything else. Nobody is writing the crop off just yet,
Lentil area likely to top early intentions
Improvements in lentil prices over the past month, together with the late start to spring planting, are expected to see more area go into the pulse crop than Statistics Canada indicated in its recent acreage intentions report. Based on a survey conducted in late March, StatsCan forecast lentil area in 2013 at 2.063 million acres,
Prairie CWRS bids rise with U.S. futures
Cash wheat bids across Western Canada were steady to higher during the week ended April 22, with Canada Western red spring (CWRS) posting the largest gains in the spot market. Average spot bids for 13.5 per cent CWRS on Monday across Manitoba, Saskatchewan and Alberta came in at around C$286 per tonne, or $7.78 per
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