Commodity News Service Canada — The 2014/15 (Aug/Jul) Canadian durum (CWAD) crop is the worst on record quality-wise, Bruce Burnett, weather and crop specialist with CWB said during a presentation at the Cereals of North America conference in Winnipeg. Only four per cent of the Canadian crop is grading as number one, with another 19
Canadian durum quality the worst on record
Prairie canola basis to continue improving
Commodity News Service Canada — Canola basis levels in Western Canada are already looking better than year-ago levels, but they’re expected to continue improving, Bruce Burnett said during a presentation at the Cereals of North America conference in Winnipeg. Ending stocks in 2014/15 are predicted at around 911,000 tonnes by CWB, as demand remains strong
Prairie CWRS bids mostly higher despite losses in U.S. futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were mostly higher during the week, despite weakness in Minneapolis spring wheat futures as basis levels improved in most regions. Prices in the Peace region of Alberta declined, however, as basis levels widened out. CWRS prices were between $1.50 lower in the
ICE weekly outlook: Canola still married to soybeans
CNS Canada –– ICE Futures Canada canola futures were mostly higher during the week ended Wednesday, with some support coming from gains in the Chicago soy complex. Speculative-based short covering, after the January contract moved above the 30-day moving average at about $411 per tonne on Wednesday, was also bullish, according to analysts. The January
Prairie CWRS bids up as basis moves to a premium
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were higher during the week, as basis levels moved higher, now offering farmers a premium over futures in many areas. CWRS prices were up between about $7 and C$13 compared to a week ago. The best pricing opportunities were still available in
Red spring wheat bids ease as basis widens
CNS Canada — Average cash bids for Canada Prairie Spring Red (CPSR) wheat eased during the week, despite a firmer tone in U.S. futures, as basis levels widened in many areas of Western Canada. Canada Western Red Spring (CWRS) bids increased, however, amid improving basis levels. Average CPSR bids were down by 15 cents to
Manitoba corn harvest just getting started
CNS Canada — Many crops have seen delayed harvest in Manitoba this year, and grain corn is no exception. Only a few fields have been harvested so far, with more earlier-seeded crops expected to start coming off the fields next week. “A lot of it has reached maturity, so it’s just drying down to moisture
CBOT corn poised to drop below US$3/bu.
CNS Canada — Chicago corn futures moved higher during the week ended Wednesday, but the U.S. Department of Agriculture’s monthly crop report, due Friday, has the potential to push values sharply lower, according to an analyst. “Traders are looking for a three-point increase in the yield for the U.S. corn, and that could draw nearby
Strong prices, low feed costs reviving pork industry
CNS Canada –– Recent strong prices, paired with low feed costs, are increasing profitability for Canadian hog farmers and helping to revive the pork industry. “We are seeing some of the idle barns that were taken out of production three years ago starting to come back into production,” said Brad Marceniuk, livestock economist with Saskatchewan’s
Prairie cash wheat prices up as U.S. futures move higher
CNS Canada — Average cash bids for wheat were firmer across Western Canada during the week ended Friday, lifted by strengthening U.S. futures and improving basis levels for some classes of wheat. CWRS (Canada Western Red Spring) prices were up between C$10 and $16 compared to a week ago, with the best pricing opportunities still
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