Oat futures in Chicago and cash prices in Western Canada continue to hold up reasonably well as tight supplies underpin the commodity. After dropping in sympathy with the CBOT (Chicago Board of Trade) corn market in late March, oat futures have since recovered from those losses to trade at roughly the same levels seen a
Tight oat supplies keep bids supported on Prairies
Late spring may sway some U.S. acres to sunflowers
A slow spring melt across North and South Dakota will delay seeding operations for sunflowers in the two states where the bulk of the U.S. crop is grown. However, actual area to sunflowers may end up beating early expectations, as it’s one cropping option that does well when seeded later, said an official with the
Canola rangebound, awaiting direction
ICE Futures Canada canola contracts were rangebound during the week ended April 17, but managed to post gains overall, as solid end-user demand underpinned the old crop and the new-crop months reacted to the mounting concerns over possible planting delays in Western Canada. The direction the old-crop canola contracts take going forward will depend on
Prairie wheat bids edge lower
Cash wheat bids across Western Canada were steady to lower during the week ending Monday, with both Canada Western red spring (CWRS) and Canada Prairie red spring (CPRS) wheat seeing some softness in the spot market. Average spot bids for CWRS at 13.5 per cent protein on April 15 across Manitoba, Saskatchewan and Alberta came
Weather premiums building in U.S. wheat futures
Adverse weather conditions for both winter wheat in the southern U.S. Plains and spring wheat in the north are helping U.S. wheat futures show signs of turning higher, after drifting down for most of the winter, said a North Dakota-based analyst. Many winter wheat areas saw good amounts of precipitation over the past few months,
Prairie wheat bids moving higher
Cash wheat bids across Western Canada recovered most of the previous week’s losses during the period ended April 8, with both Canada Western red spring (CWRS) and Canada Prairie red spring (CPRS) wheat bids posting advances, as a correction in the U.S. futures spilled into the Canadian market. Average spot bids for CWRS at 13.5
Mustard holding steady ahead of seeding
Mustard bids in Western Canada continue to hold up reasonably steady, and should remain firm as tightening old-crop supplies and the need to draw in acres this spring help the commodity ignore the ups and downs in competing commodities. “Mustard’s slow coming up, and it’s also slow coming down,” said Baine Fritzler of Sundwall Seed
Snow-covered fields likely to push back Prairie seeding
A late start to spring seeding is becoming more and more likely across much of Western Canada, as heavy snow cover in many areas and a slow melt will leave many fields too wet to plant for some time. Any delays may lead to some adjustments to planting intentions, but major changes are not yet
Canola futures watching soybeans, weather
ICE Futures Canada canola contracts dropped sharply during the week ended April 3, backing away from nearby highs as a downturn in the Chicago soy complex spilled over to weigh on values. The canola market is expected to continue to take its direction from soybeans, although relatively supportive fundamentals should limit the downside potential. “Canola
Prairie wheat bids drop with U.S. futures
Cash wheat bids across Western Canada moved sharply lower during the week ended April 1, with both Canada Western red spring (CWRS) and Canada Prairie red spring (CPRS) bids posting declines as a selloff in U.S. futures spilled into the Canadian market. Average spot bids for CWRS (13.5 per cent protein) on Monday across Manitoba,
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