CNS Canada — Canola remains the cash-flow king of the Prairies, with farmers making near record deliveries off the combine in the Canadian Grain Commission’s latest weekly report. A total of 627,000 tonnes of canola were delivered into the commercial system during the week ended Sept. 10, which would mark the third highest single week
Canadian canola deliveries reported near record
Rising loonie cuts into western Canadian wheat bids
Seasonal harvest pressure also drags on cash wheat values
Hard red spring wheat bids in Western Canada continued to trend lower during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie weighed on values despite gains in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $2-$6 per tonne across the
Off-the-combine sales are bearish on canola values
Irma and Harvey create a cautious tone in U.S. markets
ICE Futures Canada canola contracts fell to the bottom edge of their two-month trading range during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie provided a double whammy of bearish news. Weather conditions were close to ideal for farmers to make good progress across much of the Prairies, and the
CBOT weekly outlook: Strong demand to underpin soy, corn
CNS Canada — Soybean and corn futures at the Chicago Board of Trade will soon face seasonal harvest pressure, but good demand may limit the downside this year. Slight upward revisions to the U.S. Department of Agriculture’s yield estimates in the latest supply/demand report weighed on soybeans and corn on Tuesday, but the soybean losses
Baltic Dry Index hits three-year highs
CNS Canada — The Baltic Dry Index has seen some strength over the past two months, rising to its highest levels in nearly three years. The BDI settled Monday at 1,355 points, having gained roughly 500 points over the past two months. The index was last this high in November 2014. The BDI is compiled
Canola charts looking bearish
CNS Canada –– ICE canola futures are looking bearish from a chart standpoint, with the November contract settling at its lowest point in more than two months on Monday at $485.70 per tonne. After declining about $25 per tonne over the past three weeks, the general trend still remains pointed lower, with the yearly lows
Hard red wheat bids drop with U.S. harvest pressure
Lower MGEX wheat futures and a rising loonie also drag on cash prices
Hard red spring wheat bids in Western Canada moved lower for the sixth straight week during the week ended Sept. 1, as an advancing U.S. harvest, declines in Minneapolis futures, and a rising Canadian dollar all weighed on local prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by
Late-summer action light as some markets reopen
Dry pastures might force earlier sales of some cattle
The back-to-school season also saw the doors open at a few more Manitoba cattle auction yards during the last week of August, but activity won’t really pick up until late September as the nearby attention focuses on the grain harvest. “We’re probably a couple of weeks away from seeing any kind of volume,” said Rick
ICE weekly outlook: Canola rangebound at harvest time
CNS Canada — ICE Futures Canada canola futures remain stuck in a rather narrow range, with seasonal harvest pressure weighing on the one side while solid demand provides support on the other side. “We’ve been in a sideways trading environment for 2-1/2 years, and I don’t see that changing,” said Mike Jubinville of ProFarmer Canada.
Traders look to new crop following StatsCan stocks estimates
CNS Canada — Canadian canola stocks were relatively tight at the close of the 2016-17 crop year, which should be underpinning the market as the trade works to get a better handle on new-crop production. In a report released Wednesday, Statistics Canada pegged Canadian canola supplies as of July 31 at 1.35 million tonnes, compared
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