CNS Canada –– ICE Futures Canada canola contracts held rangebound during the week ended Wednesday, with small losses in the front months and gains in the more deferred positions. While activity remains somewhat subdued for the time being, any future moves will be highly dependent on weather conditions heading into the growing season. “The markets
ICE weekly outlook: Canola watching weather
Flaxseed acres likely to top official estimates
CNS Canada — The relative strength in flaxseed bids, recent uncertainty in other cropping options and a general need to mitigate risk could see a few more acres sway towards the oilseed in Western Canada this spring, according to some market watchers. Statistics Canada recently forecast flaxseed plantings for 2015-16 at 1.63 million acres, which
Quality, not quantity key to chickpea sales
CNS Canada –– Chickpeas may be relatively small in terms of acreage in Western Canada, but the quality aspects of the country’s crop, especially the larger-calibre varieties, may help command some premiums in the global market. Canadian farmers intend to plant 140,000 acres of chickpeas in 2015, down from the 170,000 seeded the previous year
U.S. wheat futures hit new lows, more losses likely
CNS Canada –– All three U.S. wheat futures markets hit fresh contract lows on Tuesday — and further losses are likely, as most fundamental and technical factors remain bearish. “The trend certainly hasn’t been positive,” said market analyst Bryan Strommen of Progressive Ag in Fargo, N.D. He cited improving U.S. winter wheat conditions, favourable weather
Canola trade already looking past acreage estimate
However, fewer acres could mean tight supplies to come
ICE Futures Canada canola contracts held narrowly rangebound during the week ended April 24, but managed to move higher overall, with the biggest gains in the new-crop months. Statistics Canada’s acreage intentions report, released April 23, provided the big news for the week as far as canola was concerned. However, even the first official acreage
Drier bias seen on horizon for Manitoba
CNS Canada — Warm and dry weather is allowing for a good start to spring seeding in Manitoba, but that dryness could pose problems down the road as its longer-term outlook is also on the dry side, according to meteorologist Drew Lerner. Temperatures on Thursday in Manitoba were hitting levels more normally seen in the
CBOT weekly outlook: Soybean/corn ratio too wide, expected to narrow
CNS Canada — The widening spread between corn and soybean futures at the Chicago Board of Trade (CBOT) should be supportive for corn but a bearish factor in soybeans, as the two crops have moved in opposite directions over the past week, according to an analyst. Soybeans moved to their highest levels in a month
Warm weather aids seeding, but winter still lingers
CNS Canada — A late spring snowstorm will delay seeding operations in northern Saskatchewan, but better weather across most other areas of the Prairies is allowing producers to make headway getting this year’s crop in the ground. Up to 30 centimetres of snow fell in and around Saskatoon on Saturday and Sunday, knocking out power
Man. bean area likely to beat StatsCan forecast
CNS Canada — Early indications from Statistics Canada call for a sharp reduction in edible bean plantings in Manitoba, but actual area likely won’t be down by that much on the year, a provincial specialist says. StatsCan’s planting intentions report on Thursday predicted Manitoba farmers intend to plant 75,000 acres of edible beans in 2015,
Wheat bids edge lower across Prairies
CNS Canada — Cash bids for Canadian wheat were down during the week ended Friday, as values reacted to adjustments in the U.S. futures and the foreign exchange markets. Average Canada Western Red Spring (CWRS) wheat prices were down by C$3 to $5 per tonne, with bids ranging from $181 per tonne in north-central Saskatchewan
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