Hard red spring wheat bids in Western Canada continued to rise with U.S. futures during the week ended June 16, as hot and dry conditions in the major wheat-growing regions of the Dakotas and Montana floated all boats. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by $7-$10 per
CWRS wheat bids rising with U.S. weather concerns
A stronger loonie during the week accounted for a decline in basis levels
ICE weekly outlook: Canola headed down, looking for spark
CNS Canada — ICE Futures Canada canola contracts were up and down during the week ended Wednesday, with the bias turning lower as losses in outside markets weighed on values. Canola lost $10 in two days, with a slide in soyoil and crude oil futures behind some of the spillover weakness. “We’re not getting any
CWRS wheat bids rise with temperatures
Conditions in major spring wheat-growing regions boosted MGEX wheat futures
Hard red spring wheat bids in Western Canada climbed higher during the week ended June 9, as hot and dry conditions in some of the major spring wheat-growing regions of the U.S. and Canada led to a rally in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were
Strong demand keeps Prairie feed barley well supported
CNS Canada — Feed barley bids remain well supported in Western Canada, as solid demand and reluctant farmer selling keep the market underpinned heading into the summer months. “There is pretty decent demand. I’d say higher than average for this time of year,” said Brandon Motz, sales manager with CorNine Commodities in Lacombe, Alta. Strong
Canola under pressure as U.S. soybeans trend lower
Soy futures outweigh canola market fundamentals, for now
ICE Futures Canada canola contracts fell hard over the course of the week ended June 2, as fund selling and losses in Chicago soybeans weighed on values. Speculators bailing out of long positions and putting on short positions in some cases were a feature of the activity during the week, with chart stops hit on
Spring wheat futures climb to two-year highs
CNS Canada — Spring wheat futures in Minneapolis climbed to their highest levels in nearly two years during the week ended Friday, as weather concerns in major U.S. wheat-growing states provided support. The nearby July contract on Thursday hit a session high of US$6.1775 per bushel, the strongest level for the front-month spring wheat contract
Visible canola stocks tightest in nearly three years
CNS Canada –– Canola supplies in commercial hands in Canada dropped to their tightest level in nearly three years, according to the latest data from the Canadian Grain Commission for the week ended Sunday. Visible canola supplies, at 702,700, are down from the already tight level of 830,200 tonnes posted the previous week and represent
Short week stays quiet as most major marketings done
USDA’s latest Cattle on Feed numbers will be bearish
The Victoria Day long weekend limited activity at Manitoba’s cattle auction yards during the week ended May 26, but the market was steady for the animals that still moved. “I didn’t see any change from the previous week. Everything was fully steady on the feeder cattle,” said Robin Hill of Heartland Livestock Services at Virden.
ICE weekly outlook: More losses likely for bearish canola
CNS Canada — ICE Futures Canada canola contracts posted large losses during the week ended Wednesday, and could be headed even lower, as bearish technicals and weakness in global economic markets outweigh supportive fundamentals. “We’re going into a seasonally slower demand period,” said Errol Anderson of ProMarket Communications. A downgrade of China’s credit by Moody’s
U.S. soybean futures drag ICE canola contracts lower
Manitoba is furthest ahead in Prairie spring seeding
ICE Futures Canada canola contracts held rangebound for most of the week ended May 19, but trended lower overall as larger losses in the Chicago soy complex put some pressure on values. Crop reports put out by all three Prairie provinces during the week showed a mixed bag when it comes to seeding progress. Manitoba
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