CNS Canada — The ag industry hopes to confirm the size of the 2013-14 crop when Statistics Canada releases its latest stocks estimates for Canadian crops on Friday. The report will show ending stocks for 2013-14 as of July 31. Charlie Pearson, a crops market analyst with Alberta Agriculture and Rural Development in Edmonton, said
StatsCan stocks report to confirm size of 2013-14 crop
ICE weekly outlook: Canola due for corrective bounce
CNS Canada –– ICE Futures Canada canola contracts were slightly weaker during the week ended Wednesday, managing to come off the fresh lows made on Aug. 22 amid oversold price sentiment. Downward pressure came from weakness in Chicago soybean and soyoil futures, as weather in the U.S. Midwest continues to benefit an expected record-large crop.
Prairie CWRS bids firm, CPSR holds steady
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) were firmer, while Canada Prairie Spring Red (CPSR) wheat bids were holding steady during the two weeks ended Monday. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$197 per tonne ($5.36 per bushel).
ICE weekly outlook: More downside possible for canola
CNS Canada — ICE Futures Canada canola contracts moved sharply lower during the week ended Wednesday, following the weakness seen in global vegetable oil markets. The November future hit fresh contract lows, falling to $420.50 per tonne during the Wednesday trading session, beating the previous fresh low of $424.50 on Aug. 15. The bias is
Further selling expected in CBOT corn, soybeans
CNS Canada — Corn and soybean futures on the Chicago Board of Trade (CBOT) moved lower during the week ended Wednesday — and the two markets are expected to remain under pressure until at least mid- to late September. “I think we’re just going to see this gradual selling over the next month, month and
Prairie winter wheat harvest to ‘drag on’
CNS Canada — The winter wheat harvest is underway in some parts of the Prairies, but because of variable conditions, activities are expected to ‘drag on’ this year. “Some people are saying some of it may run into the spring crops,” said Jake Davidson of Winter Cereals Canada at Minnedosa, Man. “But overall things are
ICE weekly outlook: Canola stabilizing, watching weather
CNS Canada –– ICE Futures Canada canola futures saw only slight changes during the week ended Wednesday, as the market was stabilizing and watching weather ahead of harvest. “If you go back for the three-odd weeks, we haven’t really gone anywhere. We’ve sort of chopped around in a range but it’s certainly not like we’ve
Prairie wheat bids up with U.S. futures, improving basis
CNS Canada — Average bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat were stronger during the week ended Tuesday, with improving basis levels and strength in U.S. futures behind the rise. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Tuesday at
ICE Canada weekly outlook: canola under pressure, for now
CNS — ICE Futures Canada canola futures moved lower in sympathy with the weakening Chicago soy complex during the week ended July 23. And, the canola futures market will likely remain under pressure if soybean and other oilseed futures move lower in the near term. “Until the (Canadian canola) production is more certain, the futures
Ag Canada lowers pulse crop ending stocks estimates
CNS — Agriculture and Agri-Food Canada’s Market Analysis Division released updated supply and demand estimates on July 22, lowering carryout stocks slightly for 2014/15 (Aug/Jul) pulse and specialty crops. Ag Canada pegged 2014/15 specialty crop ending stocks at 800,000 tonnes, from the June estimate of 830,000 tonnes due to smaller supplies of peas and sunflowers.
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