CNS Canada — Manitoba producers who grew soybeans this past summer are having a hard time moving them off their farms because of the backlogged Prairie grain handling system. Normally, soybeans are one of the easiest crops to move because Manitoba is a “small drop in the bucket” compared to the U.S. when it comes
Producers having hard time moving soybeans out of Manitoba
ICE weekly outlook: Canola stuck in a range
CNS Canada — Canola futures on the ICE Futures Canada trading platform moved higher, following along with the Chicago soybean and soyoil markets during the week ended Wednesday. Sentiment that the canola market was oversold, weakness in the Canadian dollar, and ideas that canola is undervalued compared to other oilseeds also helped lift prices. But
CPSR wheat bids weaken amid widening basis levels
CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPRSR) wheat moved lower amid widening basis levels during the week ended Monday. Canada Western Red Spring (CWRS) bids, meanwhile, were holding steady. Prices for both varieties failed to follow the U.S. futures markets higher due to continued slow movement of the crop
Fertilizer prices to level off before spring rally
Many Canadian farmers have already booked at attractive prices last fall
North American fertilizer prices have been on the rise over the past month, but are expected to level off until the spring, when the market should see a seasonal rally, said Rick Rempel, vice-president of marketing for Western Canada with Agrico Canada Ltd. He said tight supply had contributed to the increase. “The supply of
Prairie canola basis levels still ‘extremely wide’ historically
Updated, Jan. 29 — CNS Canada — Basis levels for canola in some regions of Western Canada have seen slight improvements lately, but they’re still “extremely wide” historically, according to a grain marketing specialist. “In this area I would say basis levels have widened from early September, probably by $60 to $70 per tonne, depending
Mixed price action seen in Prairie wheat markets
CNS Canada — Western Canadian wheat cash bids were mixed during the week ending Monday. Canada Western Red Spring (CWRS) bids were down slightly, while Canada Prairie Spring Red (CPSR) held steady and durum prices were slightly higher. Average spot bids for CWRS at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in
Fertilizer prices to level off before seasonal spring rally
CNSC — North American fertilizer prices have been on the rise over the past month, but are expected to level off until the spring, when the market should see a seasonal rally. Tight supplies have helped to contribute to the recent price rally, said Rick Rempel, vice-president of marketing for Western Canada with Agrico Canada.
ICE weekly outlook: Lower loonie may limit canola’s losses
CNSC — ICE Futures Canada canola futures moved higher during the week ended Jan. 22, seeing a slight recovery after falling to fresh contract lows. The large Canadian canola supply situation and problems getting the product to end users because of logistics issues in Canada will keep the path of least resistance pointed lower, analysts said.
Prairie wheat bids holding steady
Western Canadian wheat cash bids and basis levels were holding steady along with the U.S. futures markets during the week ending Monday. Average spot bids for Canada Western Red Spring (CWRS) at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in at around $160 per tonne ($4.36 per bushel) based on pricing available
Weak prices to slow expansion in Man. corn acres
Lower prices are expected to slow the expansion of corn acreage in Manitoba this spring. Last spring, 380,000 acres of corn were planted in Manitoba, a jump from 300,000 in 2012 and 180,000 in 2011. But a recent downturn in corn prices, due to large production in the U.S., is expected to curb farmer enthusiasm
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