CNS Canada — ICE Futures Canada canola contracts were up and down during the week ended Wednesday, although the nearby bias could still be pointed higher, according to a market analyst. Statistics Canada is forecasting record canola seedings in 2017 of 22.4 million acres, but Wayne Palmer of Agri-Trend Marketing in Winnipeg said actual seeded
ICE weekly outlook: Tight supplies keep canola supported
Trade’s focus shifts to new-crop canola prospects
Facing tight old-crop supply, demand remains strong
The ICE Futures Canada canola market went in two directions during the week ended April 28, with the July/November spread narrowing in considerably. Speculators, adjusting positions, accounted for much of the activity during the week, especially in the May contract as traders exited that month before expiry. The old-crop July contract lost roughly $5 per
Sunflowers down, but not out in Western Canada
CNS Canada — Canadian sunflower plantings will be down in 2017, but perhaps not by as much as the official government estimate. Statistics Canada forecast the country’s sunflower area at only 50,000 acres in its planting intentions report. That would be down from 70,000 the previous year and the second-lowest acreage base of the past
Mustard acres feeling squeeze from canola
CNS Canada –– Following the largest mustard crop in more than a decade in 2016, supply/demand fundamentals are expected to spur a reduction in Canadian mustard seedings in 2017. However, with more and more cropland moving into canola, mustard acreage increases may be limited in future years when supplies are tight again. After growing the
CWRS bids rise along with weaker Canadian dollar
Basis levels across Western Canada range from C$19 to C$39 below the futures
Hard red spring wheat bids in Western Canada moved higher during the week ended April 21, as sharp weakness in the Canadian dollar made up for the softer tone in the Minneapolis spring wheat futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by C$2 to C$4 per tonne
Stronger futures and weaker dollar boost cattle prices
Feeders benefit from abundant feed supplies and fallout from the Brazilian beef scandal
The numbers moving through Manitoba’s cattle auction yards may be slowing down for the season, as attention turns to spring field work and other priorities, but prices for the cattle still finding their way to the rings continue to strengthen. U.S. feeder cattle futures are at their highest levels of the past year, while the
Weather may put wrench in record-low summerfallow intentions
CNS Canada –– The amount of land left to summerfallow in Western Canada could hit a new record low in 2017, according to the latest Statistics Canada data, as the practice falls more and more out of favour. However, weather conditions still have the final say, with ‘unintended’ summerfallow a distinct possibility in 2017. Heading
CBOT weekly outlook: U.S. weather supports corn, weighs on soy
CNS Canada –– Soybean and corn futures at the Chicago Board of Trade came under pressure over the past week, but are expected to see divergent moves in the near future as poor planting weather in the U.S. Midwest may see acreage shift out of corn and into soybeans. News that U.S. President Donald Trump
ICE weekly outlook: Rising canola watching weather
CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as weather concerns mounted across the Canadian Prairies. While it’s still early in the Canadian planting season, persistent cool and wet conditions in many areas could lead to delays, said Mike Jubinville of ProFarmer Canada. Uncertainty over how much canola
Prairie wheat bids rise, tracking U.S. futures
Cash durum and CPSR wheat prices in the West held steady on the week
Hard red spring wheat bids in Western Canada were slightly stronger during the week ended April 14 as advances in U.S. futures pointed the way higher. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were mostly higher, rising by $1 to as much as $9 per tonne across the Prairie provinces,
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