ICE Futures Canada canola contracts posted good gains during the week ended March 22, as solid end-user demand, the weaker Canadian dollar, a slowdown in farmer selling, bullish technical signals, ongoing concerns over tightening old-crop supplies, new concerns over possible planting delays this spring, and logistical issues moving soybeans out of South America all served
Anxiety rises over possible Prairie seeding delays
Exchanges duke it out over Canadian wheat futures market
After decades of marketing wheat through the Canadian Wheat Board’s single desk, the western Canadian grain sector is still working out the best way to hedge the commodity seven months into the new open market. Representatives of the CME Group, Minneapolis Grain Exchange (MGEX), and ICE Futures Canada were all on hand at the annual
Australian canola back to compete in Chinese market
Canadian canola shipments to China are expected to start slowing down as Australia has re-entered the Chinese market as a competitor following a four-year ban. Canadian supplies are already very tight, however, and the introduction of a new competitor into the key Chinese market is unlikely to alter overall supply/demand projections greatly, according to a
Wheat bids rising in West, but durum down
Cash wheat bids across Western Canada moved higher over the week ended March 26, with both Canada Western red spring (CWRS) and Canada Prairie red spring (CPRS) wheat bids posting good gains in most locations. However, basis levels were generally off by a dollar or two per tonne, as the demand backed away slightly. Average
Prices remain in neutral as storm-stayed cattle arrive
Cattle numbers moving through Manitoba’s auction yards saw a sharp increase during the week ended March 15, as the weather co-operated and animals held back because of a snowstorm the previous week made it to market. Prices held steady overall, with top-end bids for all classes of cattle across the province not changing too dramatically
Man. oats bids trend higher as supplies dwindle
Nearby oats contracts at the Chicago Board of Trade have trended higher over the past month and spot bids in Manitoba are surpassing the futures, as tightening supplies keep values for the grain well supported. “The supplies are certainly getting tighter,” said Jarrod Firlotte, general manager of Emerson Milling at Emerson, Man., accounting for the
Large green-pea premiums expected to draw in acres
High premiums currently being offered for green peas over yellow peas are expected to entice more acres to the crop in Western Canada this spring, although seed supplies could prove to be a limiting factor. Spot bids for green peas can currently be found at the historically high level of $17 per bushel, well above
Blizzards sock in some cattle auctions, but not all
Blizzard conditions across much of southern Manitoba kept some auction marts closed and some buyers snowed in during the week ended March 8, but the late-winter storm also brought in some renewed optimism for feed supplies going forward. After seeing nearly 10,000 head of cattle move through the various markets across the province the previous
Grain World: Canadian canola acres shifting into wheat
Canadian farmers will plant more spring wheat and less canola in 2013, said Brenda Tjaden Lepp, chief analyst with FarmLink Marketing Solutions in a presentation at the annual Wild Oats Grain World conference in Winnipeg, Feb. 25. Factoring in relative returns, rotational issues, and what she was hearing from clients, Tjaden Lepp forecast spring wheat
Processor says Prairie soybean seedings could soon hit four million acres
CNSC / Soybean acreage in Western Canada could quadruple over the next four to five years, and surpass the four-million-acre mark, according to the president of Manitoba soybean processor Delmar Commodities. Soybean production in Manitoba has grown steadily over the past decade, with acreage in 2013 forecast in the 1.0 million to 1.2 million range,
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