Cash bids for western Canadian spring wheat moved lower for the third straight week during the period ending Tuesday, following sharp losses seen in the U.S. futures markets. Average spot bids on Tuesday for Canada Western red spring wheat (CWRS, 13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$214 per
Prairie wheat bids fall with sharply weaker U.S. futures
Pulse acres could rebound in next few years
The area planted to pulse crops in Canada could take another leap forward in the next couple of years, Greg Kostal of Kostal Ag Consulting said during a presentation at the Cereals North America global grain conference in Winnipeg. Pulse area in Canada has its ebbs and flows, he said. As prices become favourable, farmers
Chinese demand for coal supports ocean freight market
The global ocean freight market is seen as generally good this year, with strong demand for coal from China providing support. “China is importing more coal and rebuilding stockpiles, which is giving strength to freight markets,” Christopher Nolan of Summit Maritime Corp. said during a presentation at the Cereals North America global grain conference in
Analyst sees less corn, more soy in U.S. in 2014-15
The United States’ corn crop is expected to be smaller in 2014-15 compared to this year, while soybean production should increase. Speaking at the Cereals North America global grain conference in Winnipeg, Dr. Bill Tierney, chief economist with AgResource, projected U.S. corn production in 2014-15 would total 13.77 billion bushels, which compares to his estimate
China to increase grain imports this year
China is expected to increase its grain imports this year compared to 2012, according to economist Yang Weilu. Weilu, the senior economist and deputy director with the China National Grain and Oils Information Center, noted that expectation while speaking at the Cereals North America global grain conference in Winnipeg. China will continue to import grains
Canada seen exporting more wheat to U.S. in 2013-14
Canada is expected to export more wheat to the U.S. this year than in 2012-13, Alex Bos of Louis Dreyfus Commodities said during a presentation at the Cereals North America global grain conference in Winnipeg. “We only have about two months of data for the current marketing year, but we’re already trending higher for wheat
Prairie wheat bids continue downward trend
Cash bids for western Canadian spring wheat continued to move lower during the week ended Monday (Nov. 4), continuing their downtrend alongside U.S. futures markets. Average spot bids on Monday for Canada Western red spring (CWRS) wheat (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $219 per tonne ($5.95 per
Harvest winds up in Alberta
The harvest of crops in Alberta has come to an end, and it was “a good year,” according to Harry Brook, crop specialist with the Alberta Ag-Info Centre. There may be some localized crops still standing, but everything else has come off the combine, he added. “I would say there would be only a very,
Weekly review – Prairie wheat bids ease as U.S. futures fall
Cash bids for western Canadian spring wheat eased during the week ended October 28, following the losses seen in the U.S. futures markets. On October 28, average spot bids for 13.5% CWRS across Manitoba, Saskatchewan, and Alberta came in at around $226 per tonne, or $6.14 per bushel, based on pricing available from a cross-section
ICE canola weekly outlook: recent uptrend to continue
ICE Futures Canada canola contracts moved higher during the week ended October 23, breaking out to the upside from its recent month-long narrow trading range. The positive technical bias sparked some chart based buying which helped to fuel the advances in the market. Weakness in the value of the Canadian dollar and solid end-user demand also
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