CNS Canada –– Feed barley bids in Alberta have shown some strength over the past few weeks, but may be nearing their highs if seasonal price trends come into play. Barley in the key cattle feeding area of Lethbridge, Alta. is currently trading at about $170 per tonne, up by about $10 over the past
Rising feed grain prices set to hit seasonal plateau
Prairies tell a tale of two flax crops
CNS Canada — A large portion of Canada’s flaxseed crop is still in the field, leaving questions over the size and quality of what will eventually be harvested. About a third of the flaxseed crop is still left in the field in Saskatchewan, by the estimate of Tom Leier, senior grain buyer with Scoular Special
CBOT weekly outlook: Large U.S. soy, corn crops hit resistance
CNS Canada — Soybean and corn futures at the Chicago Board of Trade have moved up over the week ended Wednesday, but remain stuck in sideways trading ranges overall as large crops find themselves countered by equally large demand. “It’s a tug-of-war between the biggest supply ever, versus some of the strongest demand we’ve ever
Snow causing more harvest grief in Alberta, Saskatchewan
CNS Canada — Snow and freezing rain continues to hamper harvest progress across a large portion of Alberta and Saskatchewan. Environment Canada issued weather warnings and alerts for much of central and northern growing regions of Alberta and Saskatchewan on Friday. Up to 15 cm of snow are forecast, with freezing rain also likely in
ICE weekly outlook: Canola watching weather
CNS Canada — Snow, rain and cold temperatures over the past week helped canola futures trend higher, hitting their strongest levels in three months. With about a fifth of the crop facing harvest delays, more gains are possible, but the large U.S. soybean crop remains a bearish influence in the background. “Farmers continue to struggle
Canola technicals rangebound
CNS Canada –– ICE Futures Canada canola contracts may have seen some weather-related strength over the past week, but technical signals remain relatively flat overall. The November contract settled Friday at $469.80 per tonne, nearing the high end of a corkscrew pattern — a series of higher lows and lower highs — going back over
Manitoba sunflowers ready for harvest
CNS Canada — Most sunflower fields in southern Manitoba are ready for harvest, but the province first needs to see some drier weather. A handful of fields have seen some harvest activity already, “but the bulk is still to come,” said Ben Friesen, purchasing manager with Scoular Canada at Winkler, Man. “If the sun shines,
MGEX spring wheat futures pull away from winter wheat
CNS Canada — Minneapolis spring wheat futures are pulling away from their winter wheat counterparts, as quality issues with the North American spring wheat crop bring in protein premiums, according to an analyst who said there was more room to the upside in spring wheat. Kansas City and Chicago winter wheat contracts hit 10-year lows
CBOT weekly outlook: More losses likely as U.S. harvest pressure mounts
CNS Canada — Soybean and corn futures at the Chicago Board of Trade are both trending lower and should continue to do so, as seasonal harvest pressure and large production estimates will limit the upside potential over the next few weeks. “To some extent, the large crops are dialed in to our prices,” said Rich
Canola crush running close to full capacity
CNS Canada — Canadian canola processors are running at close to full capacity, with a near record weekly crush posted during the week ended Wednesday. The weekly canola crush, during the week ending Sept. 21, hit 190,623 tonnes — the second largest on record, according to Canadian Oilseed Processors Association (COPA) data. Crushers were operating
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