CNS Canada — Farmers in Alberta haven’t been able to make much harvest progress recently, as rainfall and cool weather have prevented them from getting into the fields over the past week. Almost half an inch of rain fell in some areas on Friday (Sept. 26), followed by some nicer weather on the weekend, said
Cool, wet weather halts Alberta harvest
Prairie CWRS bids up with improving basis
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were firmer across Western Canada during the week ended Friday, lifted by improving basis levels in many areas as quality problems and slow harvest progress remain a concern for the Canadian spring wheat crop. The highest CWRS prices were still available in
Better cash prices expected for canola, post-harvest
CNS Canada –– Farmers in Western Canada have seen weaker prices on the cash market for canola recently, due to a tumbling futures market and an influx in supply as harvest progresses. Some panic-related farmer selling off the combine, as futures continue to drop, was also contributing to the weakness. But prices should start to
ICE weekly outlook: Canola due for corrective bounce
CNS Canada — The November ICE Futures Canada canola contract broke below the key psychological level of C$400 per tonne during the week, but recovered Wednesday to settle just above that level. In the near term, the canola market is “due for a little bit of a reprieve,” said Errol Anderson of ProMarket Communications in
Manitoba edible bean yields ‘all over the board’
CNS Canada — Harvest of edible beans is underway in parts of Manitoba, with yields reported as variable so far. Yields on pinto beans have been reported as anywhere between 1,500 and 1,800 kilograms per hectare so far, with a range of 2,000-2,100 kg/ha on kidney and cranberry beans, according to Dennis Lange, farm production
CBOT soybeans, corn haven’t bottomed yet
CNS Canada — Corn and soybean futures on the Chicago Board of Trade continued to drift lower during the week ended Wednesday, but haven’t bottomed yet. Terry Reilly, an analyst with Futures International in Chicago, said corn prices have another 40 cents per bushel to go before bottoming around the $3 per bushel range (all
Man. soybeans surviving recent unfavourable weather
CNS Canada –– Many areas of Manitoba have seen unfavourable cool, wet conditions recently, with frost reported in some areas — but the province’s soybean crops seem to be holding up OK. Frost seen on Sept. 12 and 13 caused some damage to soybean crops in the province, but it was mostly minimal, said Dennis
Late harvest to hurt Prairie winter wheat seeding
CNS Canada –– Monday (Sept. 15) marks the full coverage crop insurance seeding deadline for winter wheat in Manitoba and Saskatchewan, with Alberta farmers having until the 20th or 30th of the month, depending on their location. A late harvest this year, however, has prevented some farmers from getting the crop seeded in time. “Unfortunately
ICE weekly outlook: Bias pointed lower for canola
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, feeling the pressure from a weakening U.S. soybean market. And there’s further downside possible for both markets, as “the bias in the whole oilseed complex still looks lower,” said Ken Ball, analyst with PI Financial in Winnipeg. “Beans seem to
Tightening canola stocks to put more pressure on 2014-15 crop
CNS Canada — Statistics Canada on Friday morning released its estimates for 2013-14 ending stocks, pegging canola supplies at 2.36 million tonnes, at the low end of expectations. “Canola was on the light side, maybe 300,000 tonnes lower than what most people were expecting, so it’s enough to underpin the market,” said Ken Ball of
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