CNS Canada — The Canadian flax industry is heading back to the same state seen before Europe banned Canadian flax imports after finding unapproved genetically-modified varieties in some shipments in 2009. “We’re putting the Triffid event behind us, and I think growers have responded appropriately,” said William Hill, president of the Canadian Flax Council. And
Flax industry nearing pre-Triffid state
Large grain, oilseed stocks expected in StatsCan report
CNS Canada — Thanks to record-large Canadian crop production in 2013-14, stocks of grain and oilseeds in Canada as of March 31 are likely to be pegged as very large in Statistics Canada’s report, due out Monday. “It’s pretty much a given that we’re going to see sharply higher stocks” compared to last year, said
Average CWRS wheat bids rise above $200 a tonne
CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat moved higher, breaking back above $200 per tonne, during the week ended Monday. Improving basis levels and spillover support from the gains seen in Minneapolis spring wheat futures helped to lift prices. Average spot bids for CWRS (13.5 per cent protein) across
Long fund position could be bearish for CBOT soybeans
CNS Canada — Old-crop soybean futures on the Chicago Board of Trade moved sharply lower during the week ended Wednesday, with new-crop values seeing less severe losses. The narrowing in of the old crop/new crop spread was a feature of the week’s activity. Going forward, the trend looks to bearish, according to analysts. Values came
CWRS wheat prices down as basis widens
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat eased during the week ended Monday, as U.S. wheat futures were weaker and basis levels widened. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $192 per tonne, or $5.32 per bushel,
ICE weekly outlook: Soyoil driving canola market
CNS Canada — Canola futures on the ICE Futures Canada platform finished little changed during the week ended Wednesday, as buyers were reluctant to push the market higher despite large gains seen in outside oilseeds. “Nobody really wants to buy canola, but they’ll have to push it along with the soy markets if it keeps
Prairie winter wheat looking good, but damage still possible
CNS Canada — Most winter wheat crops seeded in Western Canada last fall seem to be in good condition so far this spring — but they’re not in the clear yet. “Not all of the winter wheat is out from the snow cover yet,” said Bruce Burnett, crop and weather specialist with CWB in Winnipeg.
Burdensome supplies to keep durum prices under pressure
CNS Canada –– Canadian cash prices for durum have been weak all winter, as logistics issues in Western Canada have kept large supplies of the crop from moving. Going forward, the burdensome supply situation is expected to keep values under pressure. “Companies are still cleaning up sales that they’ve made earlier, and this will take
Prairie CWRS cash bids ease, basis improves slightly
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Monday, following the sharply weaker U.S. futures market for the second consecutive week. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Monday at around C$198 per tonne, or $5.40
ICE outlook: Canola being pulled in both directions
CNS Canada –– Canola futures on the ICE Futures Canada trading platform were weaker during the week ended Wednesday, as the large Canadian supply situation continued to overhang the market. A pickup in farmer selling, as improving basis levels started to make cash prices more attractive in some regions, was also responsible for the weakness.
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