CNS Canada –– Cash bids for Canadian wheat were stronger during the week ended Thursday, as U.S. wheat futures rallied sharply higher and basis levels improved, in general. Average Canada Western Red Spring (CWRS) wheat prices were C$10-$13 per tonne higher, with bids ranging from about $196 per tonne in north-central Saskatchewan to $214 per
Prairie wheat bids up sharply as U.S. futures rally
Canola trade seen remaining choppy until seeding done
U.S. corn, soy and wheat will keep trading on the weather
The ICE Futures Canada canola market started off the week ending May 8 with a bang, seeing gains of nearly C$10 per tonne on Monday (May 4). But that’s where the excitement ended. The following days were all pretty uneventful, with quiet activity that led to prices chopping around within a fairly narrow range. Some
CBOT weekly outlook: Corn, soybeans trending sideways to lower
CNS Canada –– Chicago Board of Trade corn and soybean futures moved sharply lower during the week ended Wednesday, and are expected to trend sideways to weaker for the rest of the month. Traders are going to focus on spring weather and seeding conditions until more acreage and yield estimates for the 2015-16 crops are
Cold, snowfall not likely to hurt Alta. crops
CNS Canada — Cold temperatures that brought some snow and frost to some parts of Alberta overnight won’t likely cause much damage to crops. “Most of our crops aren’t up yet; there’s been a fair bit of seeding going on, but I haven’t seen any emerged crops yet. So, it’s pretty much a non-issue at
Cash wheat market up slightly with U.S. futures
CNS Canada — Cash bids for Prairie wheat were steady to slightly higher during the week ended Friday, finding support from strength in U.S. wheat futures markets. Average Canada Western Red Spring (CWRS) wheat prices were steady to C$3.50 per tonne higher, with bids ranging from about $186 per tonne in north-central Saskatchewan to $204
Canola, soy poised to become ‘weather’ markets
The U.S. avian flu outbreak could cut feed demand
The ICE Futures Canada canola market had an up-and-down week, with very quiet activity some days. Overall, prices were down compared to the week prior due to weakness in outside oilseed markets. Strength seen in the Canadian currency earlier in the week was also a bearish force for canola, though it started to lose some
ICE weekly outlook: Canola to divorce from CBOT soy complex
CNS Canada — The ICE Futures Canada canola market was up sharply during the week ended Wednesday, following a rally in outside oilseed futures. Chicago soyoil futures led the way higher for oilseeds during the week, with some rumours of fresh export demand for U.S. soyoil floating around. Canola traders, however, are likely to shift
Wheat, canola stocks surprisingly tight in StatsCan report
CNS Canada — Canada’s ag industry was surprised to see some tighter-than-anticipated supply estimates in Statistics Canada’s latest report on stocks of grain and oilseeds Wednesday morning. StatsCan said Canadian wheat supplies, as of March 31, totaled 16.74 million tonnes — about a million lower than expected, said Mike Jubinville of ProFarmer Canada. “On the
Prairie CWRS bids mixed as basis adjustments vary
CNS Canada — Cash bids for Canadian wheat were mixed during the week ended Friday, due to basis adjustments that varied from location, to location. Average Canada Western Red Spring (CWRS) wheat prices were C$2.50 per tonne lower to $4 higher, with bids ranging from $185 per tonne in north-central Saskatchewan to $203 per tonne
Small canola acreage puts more emphasis on March 31 stocks
CNS Canada –– The canola industry will pay closer attention than usual to the upcoming Statistics Canada report on stocks as of March 31, as a smaller canola acreage figure is causing worries about tight supplies going forward. StatsCan is scheduled to release its report on Wednesday. “Because of that tighter acreage, the stocks number
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