CNS Canada — Most of Western Canada is expected to see low populations of grasshoppers in 2015, although there are a few areas of concern, according to forecasts from the three provinces. Most of Manitoba has a low risk of seeing high grasshopper populations this year, according to a forecast from Manitoba Agriculture, Food and
Grasshopper risk light in most of Western Canada
Prairie farmers to benefit from lower ocean freight rates
CNS Canada — Western Canada’s grain farmers are expected to benefit from recent lower ocean freight rates as the Baltic Dry Index (BDI), a measurement of such rates, has dropped significantly over the past couple of months. The BDI was quoted Friday at 749 points, up from a low of 709 points seen earlier in
CBOT soybeans poised to drop below US$10
CNS Canada — The Chicago Board of Trade soybean futures market has dropped sharply during the week ended Wednesday, and is poised to fall even further. “For March soybeans, I think it could potentially trade back to the US$9.45-$9.50 per bushel area,” said Terry Reilly of Futures International in Chicago (all figures US$). A bearish
Canola cash market lagging strength in ICE futures
CNS Canada — ICE Futures Canada canola futures have strengthened recently, but the western Canadian cash market for canola hasn’t followed along. Farmers “keep telling me that the futures go up, but the basis isn’t keeping pace,” said Keith Ferley of RBC Dominion Securities. Some locations, he added, have widened out basis levels so much
Prairie wheat bids fall as U.S. futures continue to tumble
CNS Canada –– Average cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Friday, as U.S. wheat futures continued to tumble. CWRS prices were ranged from $3.75 to $6 per tonne lower in Alberta and Saskatchewan. The best pricing opportunities were still available in Manitoba, where prices were down
ICE weekly outlook: Weak loonie to underpin canola futures
CNS Canada — The ICE Futures Canada canola market was stronger during the week ended Wednesday, taking some direction from the rally seen in Chicago soybean futures. Soybeans gained about US30 cents per bushel during the week, but canola was lagging to the upside as traders bet the U.S. rally would be short-lived, said Ken
Prairie CWRS bids ease along with U.S. futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were softer during the week, following declines seen in U.S. wheat futures. CWRS prices ranged from $4 to $7 per tonne lower in Alberta and Saskatchewan. The best pricing opportunities were still available in Manitoba, where prices were down almost $8 at
Recent mild spell seen hurting Prairie winter wheat
CNS Canada — Recent milder weather seen in Western Canada was unfavourable for winter wheat crops and has left the crops more vulnerable to winterkill. “The major impact is that it melted some of the snow cover that the winter wheat had, and in a lot of cases now some of those fields are bare,”
ICE weekly outlook: Canola gains outpacing U.S. market
CNS Canada — The ICE Futures Canada canola market moved higher during the week ended Wednesday, despite losses seen in the Chicago soybean market, which normally drives canola. “It’s good sturdy firmness, but I don’t know if there’s anything special behind it,” said Ken Ball of PI Financial in Winnipeg. “Traders tend to trade canola
CBOT soybean market lacking positive drivers
CNS Canada — Chicago Board of Trade (CBOT) soybean futures moved lower during the week ended Wednesday and could continue drifting downward as there’s not much positive underpinning the market. “There’s talk of China slowing down demand, we’ve seen the seasonal top in export inspections, and Chinese crush margins are running right around negative,” said
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