CNS Canada — North America’s smaller durum acreage base in 2017 could give prices a boost later in the growing season, depending on how yields shape up for the new crop, according to a U.S. analyst. Disease issues in 2016 and better projected returns for other crops in 2017 are expected to lead to a
Lower North American durum acres keep attention on yields
Canada’s canola stocks drop beneath ‘low’ line
CNS Canada — Canola supplies in commercial hands in Western Canada dropped below one million tonnes during the week ended Sunday, hitting only 854,600 tonnes, according to the latest Canadian Grain Commission report. Visible canola stocks are typically considered low whenever they move below one million tonnes. Current supplies on hand are the smallest since
MGEX spring wheat premium widening over winter wheat
CNS Canada –– Concerns over poor-quality North American wheat crops have seen the Minneapolis spring wheat premium widen over Kansas City winter wheat — and that spread could grow even larger heading into the summer, according to a U.S. analyst. The nearby MGEX spring wheat contract settled up 3.75 cents on Wednesday, while the corresponding
Bearish factors for U.S. soy trump supports for canola
Last fall’s canola could become this spring’s problem
ICE Futures Canada canola contracts ran into upside resistance during the week ended May 12, as the commodity’s own supportive fundamentals were countered by the much more bearish outlook for U.S. soybeans. Canadian canola supplies are looking rather tight, with Statistics Canada showing only 6.6 million tonnes in the country as of March 31. That’s
CBOT weekly outlook: Weather concerns keep room to the upside
CNS Canada — Soybean and corn futures at the Chicago Board of Trade remain rangebound overall, though there may be room to the upside despite the generally bearish underlying fundamentals, according to an analyst. While large South American crops should weigh on both commodities, U.S. production is still very much in the air as excessive
Prairie oats at tipping point
CNS Canada –– Seeding delays in Western Canada could see more area shift into oats, which need a shorter growing season and minimal inputs compared to other options. However, with many fields still unharvested from last year, a tipping point will eventually be reached when nothing will be seeded at all in some areas. In
Western wheat bids chop up and down
Average prices for CWRS wheat ran around $232 per tonne in western Manitoba
Hard red spring wheat bids in Western Canada saw volatile action during the week ended May 5, ultimately ending mixed in the face of competing influences. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by as much as $1.75 to up $2.25 per tonne across the Prairie provinces, according
Visible Canadian canola stocks tighten
CNS Canada –– Canola supplies in commercial hands in Western Canada are tightening, with the latest Canadian Grain Commission weekly report showing only 1.05 million tonnes in the pipeline as of Sunday. Visible canola stocks are typically considered low whenever they move below one million tonnes. The current supplies on hand are the smallest since
Local cattle prices track wild week in U.S. futures
Sales volumes are expected to slow with the season
Large price swings in the U.S. cattle futures led to similar activity in the Manitoba cattle auctions during the week ended May 5. U.S. cattle prices rallied sharply the first few days of May, with unseasonal snow that killed thousands of cattle in key U.S. feeding regions behind some of the buying interest. The resulting
Canola chart turns neutral to bearish
CNS Canada –– The ICE Futures Canada July canola contract has run into resistance from a chart standpoint and nearby technical signals look neutral to bearish. The contract fell from two-month highs the past two sessions, settling right at the 20-day moving average Thursday around $518 per tonne. Prior to Wednesday’s selloff the contract was
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