CNS Canada — Stronger prices for new-crop lentils and peas over the past few weeks could lead to an increase in Canadian acreage compared to the Statistics Canada estimates released last week. “You have to look at the timing of when the survey was done for the StatsCan report. Of course there’s a bit of
Strong new-crop prices could entice more pea, lentil area
Seeding conditions swaying markets from day to day
An enthusiastic Canadian dollar is a drag on canola
It was a fairly quiet period in grain and oilseed markets during the week ended April 10, with most futures prices moving lower amid a choppy spring pattern. The U.S. Department of Agriculture’s monthly supply-and-demand report was released April 9, providing some temporary direction for values, but the data was all for the 2014-15 crop
Prairie forage crops to benefit from early spring weather
CNS Canada — Forage crops in Western Canada are in a much better place this spring compared to a year ago, as spring’s early arrival will benefit crop development. The milder winter was also beneficial in preserving forage supplies, with feed stocks adequate to good in many regions, said Terry Kowalchuk, a provincial forage specialist
Some farmers already seeding in southern Alberta
CNS Canada — Some farmers in southern Alberta are seeding earlier than normal this spring, thanks to some recent warmer weather. “Some guys are just starting to turn a wheel in southern Alberta,” Harry Brook, crop specialist with Alberta’s provincial Ag-Info Centre in Stettler, said Thursday. Soil temperatures are still not very warm, so more
Canola pushes higher on U.S. soybean crop intentions
Concerns over U.S. winter wheat supported wheat futures
ICE Futures Canada canola futures moved $11 to $13 per tonne higher during the short week ended April 2, with markets closed for Good Friday on April 3. The advances seen in canola were mainly linked to a rally in the Chicago soybean market after the U.S. Department of Agriculture’s first survey-based acreage estimate of
Prairie wheat bids firm amid widening basis levels
Average CWRS prices were down $0.50 to up $4.50 per tonne, with bids ranging from $211 in Saskatchewan to $229 in Manitoba
Cash bids for Canadian wheat were mostly firmer during the week ended April 3. Strengthening U.S. futures were supportive, though basis levels widened in many regions. Prices are as of April 2, due to the Good Friday market closures on April 3. Average Canada Western Red Spring (CWRS) wheat prices were down $0.50 to up
CBOT weekly outlook: Corn, soy watching weather for direction
CNS Canada –– Chicago Board of Trade corn and soybean markets moved lower during the week ended Wednesday, but stayed within their recent trading ranges. “We haven’t broken down out of a range yet, or broke to the upside,” said Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Ill. “We are just flat and
Prairie wheat bids firm amid widening basis levels
CNS Canada — Cash bids for Canadian wheat were mostly firmer during the week ended Friday. Strengthening U.S. futures were supportive, though basis levels widened in many regions. Prices are as of April 2, due to market closures on Good Friday. Average Canada Western Red Spring (CWRS) wheat prices were down 50 cents to up
ICE weekly outlook: Canola moving into choppy spring pattern
CNS Canada –– The ICE Futures Canada canola market saw some large price swings during the week ended Wednesday, but ended relatively steady compared to prices seven days earlier. The market is starting to move into a nervous spring trading pattern, which kept prices relatively rangebound and should continue for the next three to four
Prairie wheat bids weaken slightly, basis improves
CNS Canada –– Wheat cash bids across Western Canada moved slightly lower in most classes during the week ended Friday, amid softness in U.S. futures and improving basis levels. Average Canada Western Red Spring (CWRS) wheat prices were steady to down about $4 per tonne, with bids ranging from $207 per tonne in north-central Saskatchewan
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