CNS Canada — Manitoba farmers won’t likely seed as many soybean acres as they originally intended this year, as the late spring and wet fields will force some to switch to another crop. Most of the soybean acres will likely be planted in the main growing regions of the province, such as the Red River
Late spring to reduce Man. soybean acres
ICE weekly outlook: Canola bias pointed lower
ICE Futures Canada canola futures moved sharply lower during the week ended Wednesday, with a large portion of the declines linked to the speculative sell-off seen Tuesday. Speculative money was said to be moving out of oilseed markets, including canola and soybeans, and into equities. This had a bigger impact on canola than beans because
Warm weekend to help Man. farmers hang onto corn acres
CNS Canada — Corn growers in Manitoba have gotten off to a slower start than normal when it comes to planting due to cold, wet weather this spring. Farmers in the main corn growing regions of the province have been able to get a fair bit of the crop planted, however, and warm weather expected
U.S. weather to determine price direction for CBOT beans, corn
CNS Canada — Soybean futures on the Chicago Board of Trade were higher during the week ended Wednesday, with new-crop gains outpacing old-crop as traders worked to correct the spread between the two, participants said. Old-crop values found some support from continued worries about tight U.S. supplies, with all contracts lifted by signs of persistent
Prairie wheat cash bids down with sharply lower U.S. futures
CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) were weaker during the week ended Tuesday, following sharp losses seen in U.S. wheat futures markets. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Tuesday at around $207 per
ICE weekly outlook: Canola rally to ‘run out of gas’
CNS Canada –– Canola contracts on the ICE Futures Canada trading platform moved higher during the week ended Wednesday, with old-crop values seeing the sharpest gains. A combination of speculative and commercial buying interest, as old-crop canola remains cheap compared to other oilseeds, helped nearby futures move higher than new-crop values, analysts said. The more
Prairie CWRS prices down slightly, CPSR spot bids return
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were slightly lower during the week ending Monday. The week also marked the return of Canada Prairie Spring Red (CPSR) wheat spot bids at many elevators, after only offering prices for deferred delivery for an extended period of time. Average spot bids
Oats still struggling to move south
CNS Canada — The Prairie oats industry continues to suffer from a lack of rail cars allocated to move south, as it forces some companies to truck oats to U.S. millers. Shipping oats by truck means very expensive freight costs, resulting in lower prices for farmers, and higher prices for end users, said Ryan McKnight
Prairie CWRS wheat bids up sharply with U.S. futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved sharply higher during the week ended Monday, following gains seen in U.S. wheat futures. Concerns about persisting drought conditions causing further damage to U.S. winter wheat crops were behind the sharp gains seen in U.S. wheat futures during the week. Worries
No surprise for canola in StatsCan stocks report
CNS Canada –– Statistics Canada on Monday released its report on Canadian field-crop stocks as of March 31, pegging Canola stocks at 9.018 million tonnes — no surprise to the trade, although significantly higher than the year-ago level of 4.529 million. Overall, stocks of all crops are quite a bit larger than last year, as
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