CNS Canada — Recent frost that forced farmers to reseed canola fields across a large portion of Western Canada also reached into canola-growing regions of the northern U.S., with production likely taking a hit south of the border as well. “We’ve had at least 200,000 acres that have been reseeded, and a small number of
U.S. canola crop also hurt by frost, likely off early estimates
ICE weekly outlook: Canola needs more fuel to keep rising
CNS Canada –– ICE Futures Canada canola contracts climbed sharply higher during the week ended Wednesday, but additional gains will need some more bullish news as the market takes a breather and consolidates. A combination of a rally in CBOT soyoil, a weaker Canadian dollar, fund buying and a weekend frost all contributed to the
Frost in weekend forecast for eastern Prairies
CNS Canada –– Freezing temperatures are in forecasts for parts of Manitoba and Saskatchewan over the next 24 hours, which could create more stress for emerging fields as farmers are still busy reseeding after the last frost. Environment Canada is forecasting lows of -1 to -2 C across much of the agricultural regions of Manitoba
Tight lentil market watching weather
CNS Canada — Old-crop large green lentils saw a jump in price over the past week, but actual supplies are few and far between, with most market participants turning attention to new-crop opportunities and weather uncertainty across Western Canada’s lentil-growing regions. “The trade is very thin right now,” said analyst Chuck Penner of LeftField Commodity
Dry Prairies await timely rains
CNS Canada — Mounting dryness concerns in parts of Alberta and Saskatchewan are raising some concerns over crop development on the Prairies — but timely rains are in the forecast for early June. “The entire southern Prairie region hasn’t received normal rainfall for the last month to two months,” said Trevor Hadwen, an agro-climate specialist
Sunflowers off to good start in Manitoba
CNS Canada — Manitoba’s sunflower crop is off to a good start this year, having largely missed out on any damage from adverse weather over the May long weekend. “We had a good early start (to spring seeding) in the eastern part of the province and things went into some nice warm ground,” said Troy
U.S. production prospects drag on canola values
U.S. wheat’s corrective bounce is unlikely to stick
ICE Futures Canada canola contracts bounced up and down within a relatively narrow range during the week ended May 14, but finished right around where they started as the uncertainty of this year’s North American crop kept some caution in the market. After waiting for a spring rally that never came, attention must now turn
Canola crush margins deteriorating
CNS Canada — Canadian canola crush margins continue to drift lower and currently find themselves at some of their worst levels in over a year. Declining demand for canola oil, together with the fact that a lack of farmer selling is forcing processors to pay up to bring in canola seed, was behind some of
CBOT weekly outlook: Soy, corn grind lower, watching weather
CNS Canada –– Great spring seeding conditions across much of the U.S. Midwest have weighed on soybean and corn futures at the Chicago Board of Trade — and the nearby bias remains pointed lower, barring a weather scare, according to an analyst. “The good growing conditions will keep (soybeans and corn) grinding lower,” said Terry
Prairie winter wheat set back by cold
CNS Canada –– Recent cold temperatures in parts of Western Canada should cause some setbacks for winter wheat, but most of the crop is likely still in decent shape, according to an analyst. Farmers in the three Prairie provinces seeded 665,000 acres of winter wheat in the fall of 2014, with about 565,000 acres surviving