Canola futures on the ICE Futures Canada trading platform moved higher during the week ended Aug. 16, breaking above the key resistance level of $500 per tonne. The rally was led by strong gains seen in the Chicago soybean complex. Canola futures were also supported by some independent fundamental factors, including rumours of fresh export
Canola may take cues from this week’s StatsCan numbers
Cool weather hurting province’s sunflower crops
Cool weather has Manitoba’s sunflower crop behind schedule. “Planting was a little bit later than what we were hoping as well, so compounding the cooler weather, we’re like a week and a half (to) two weeks later than average,” said Mike Durand, sales and purchasing manager with Nestibo Agra in Deloraine. Some crops are just
Prairie wheat cash bids strengthen
Cash bids for wheat across Western Canada were stronger during the week ending Monday, following the advances seen in the U.S. futures markets. Average spot bids for 13.5 per cent-protein Canada Western red spring (CWRS) wheat across Manitoba, Saskatchewan and Alberta came in at around C$249 per tonne ($6.78 per bushel) based on pricing available
ICE canola weekly outlook: Choppy activity expected
ICE Futures Canada canola futures moved higher during the week ended August 14, recovering from the fresh lows that were put in place the week prior. Some of the strength was linked to the futures following the rally seen in Chicago soybeans, which was sparked by a bullish U.S. Department of Agriculture report that showed
CWRS cash bids ease slightly in West
Cash bids for Canada Western red spring (CWRS) wheat across Western Canada were slightly weaker during the week ending Aug. 12, while basis levels were holding steady. Average spot bids for CWRS at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in Monday at around C$245 per tonne ($6.66 per bushel) based on
Cooler weather slows Man. sunflower development
Manitoba’s sunflower crop is developing at a slower-than-average pace due to recent cooler temperatures seen across the province. “Planting was a little bit later than what we were hoping as well, so compounding the cooler weather, we’re like a week and a half, two weeks later than average,” said Mike Durand, sales and purchasing manager
Prairie CWRS cash bids slightly stronger
Cash bids for Canada Western red spring (CWRS) wheat across the Prairies were slightly stronger during the week ending Tuesday, while basis levels were holding steady. Average spot bids for CWRS at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta on Tuesday came in at around C$247 per tonne ($6.72 per bushel) based on
Recent price drop to increase farmer demand for potash
Farmers in North America, including Western Canada, are expected to take advantage of low potash prices and purchase more of the fertilizer this fall. Potash prices have started to decline significantly recently, following an announcement by Russian company Uralkali that it will leave a partnership and plans to sell potash independently to large buyers, such
Cooler weather benefiting some crops in Alberta
Recent cooler temperatures seen across Alberta have been benefiting some crops in the province, a crop specialist said. Neil Whatley of the Alberta Agriculture Info Centre said canola and pea crops were able to avoid flower blasting this July, because temperatures were cooler than normal. Growing conditions have been generally favourable across the province, with most crops
Western Canadian wheat cash bids fall along with U.S. futures
Cash bids for wheat across Western Canada moved lower during the week ended July 29, following along with the tumbling wheat futures markets in the U.S. On July 29, average spot bids for 13.5% CWRS across Manitoba, Saskatchewan, and Alberta came in at around $245 per tonne, or $6.69 per bushel, based on pricing available from
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