CNS Canada — Canola supplies in commercial hands in Canada dropped to their tightest level in four years, according to the latest data from the Canadian Grain Commission for the week ended Sunday. Visible canola supplies, at 511,500 tonnes, are down from the already tight level of 556,700 posted the previous week, and represent the
Visible Canadian canola stocks tightest in four years
StatsCan production survey timing likely to skew results
CNS Canada — Production of Canada’s major crops is generally expected to be down on the year after an adverse growing season in many areas. However, actual production may not end up as low as the estimates set to be released by Statistics Canada on Thursday, due to the timing of the survey. The survey
Prairie wheat bids continue downtrend
A rising loonie and falling U.S. wheat futures drag on cash wheat values
Hard red spring wheat bids in Western Canada during the week ended Aug. 18 moved lower for a fourth consecutive week as declines in U.S. futures and strength in the Canadian dollar weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $1-$4 per tonne across the
ICE weekly outlook: Canola rangebound ahead of harvest
CNS Canada — ICE Futures Canada canola contracts moved off of chart support during the week ended Wednesday, to hit its highest levels in two weeks. However, the market remains rangebound overall, as traders wait to get a better handle on the size of this year’s crop. With harvest operations just starting, Jamie Wilton of
Canadian wheat bids decline with U.S. futures, but basis improves
CNS Canada – Hard red spring wheat bids in Western Canada moved lower during the week ended August 3, as declines in the US futures weighed on prices. However, weakness in the Canadian dollar provided support and helped basis levels see some modest improvement. Depending on the location, average Canada Western Red Spring (CWRS) wheat
Soybean, corn market futures await USDA data
CNS Canada – Improving Midwestern weather forecasts weighed on soybean and corn futures at the Chicago Board of Trade during the week ended August 2, with all eyes now turning to upcoming USDA data. The USDA is set to release a number of key reports on August 10, including updated world supply/demand numbers and US
Good quality, but small caliber Canadian chickpeas expected
CNS Canada – Hot and dry conditions cut into the yield potential and physical size of Canada’s chickpea crop, but the quality should be excellent while prices remain relatively strong. “It’s anybody’s guess,” said Colin Young, of Midwest Grain Ltd. in Saskatchewan on the overall state of the chickpea crop. He said rainfall was “significantly
Canola market dips to rally, heat stress hits wheat crops
CNS Canada – The ICE Canada canola market had a bit of a wild ride during the week ended July 28, with the November contract falling to its lowest level of the past month at one point before the brakes were hit on the drop and the market rallied $25 in three days. Fund traders
Canadian wheat decline with U.S. futures, rising loonie
CNS Canada – Hard red spring wheat bids in Western Canada lost ground during the week ended July 28, as declines in the US futures and strength in the Canadian dollar both weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by C$8 to C$11 per tonne
‘Short and sweet’ for cattle movement last week
One sale to report; more scheduled for the week of July 24-28
Only one cattle sale was held in Manitoba during the week, as most markets are either closed for the summer or running at a reduced schedule. Therefore we won’t carry the usual price table this week. Winnipeg Livestock Sales held a sale on Friday where 200 cattle moved through the rings. “It was short and
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