Winnipeg | CNS Canada – Hard red spring wheat bids in Western Canada fell slightly for the week ending Nov. 17, following decreases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were down C$3 to C$5 per tonne across the Prairie provinces, […] Read more
Wheat bids fall along with U.S. futures
Grain marketing shifting to a digital focus
Winnipeg | CNS Canada – The future of grain marketing includes access to a larger market for producers online, according to Lyle Ehrmantraut. “You have to be able to see the deals to make the best decisions. So without all the deals in front of you in a centralized system I don’t know how it’s […] Read more
Trade talks a dicey situation, Coyne says
Winnipeg | CNS Canada — With Canada in the midst of negotiations for two different trade agreements, the North American Free Trade Agreement and Trans-Pacific Partnership, trade concerns are getting muddled, according to Andrew Coyne. “We need to be conscious of diversifying our trade interests beyond just North America. It would be extremely foolish that […] Read more
Larger elevators, smaller rail cars seen in grain’s future
Winnipeg | CNS Canada –– Heading into the future, elevators will be more efficient and trains will carry more grain, according to industry professionals at the Grain World conference in Winnipeg. “I think there’s a real shift happening from low efficiency to the higher-efficiency facilities,” Karl Gerrand, CEO of G3, said Wednesday during the What […] Read more
Durum production seen vulnerable heading into 2018
Winnipeg | CNS Canada — Western Canada and the northern U.S. could be in trouble for next year’s durum crop if rain doesn’t come, while large global stockpiles could also keep commodity prices low, according to analysts here at the Grain World conference. “Will it rain in the durum areas of Canada and the United […] Read more
CBOT weekly outlook: Corn and soybeans down after USDA report
CNS Canada – Corn and soybean futures at the Chicago Board of Trade fell following the United States Department of Agriculture’s crop production report which raised corn estimates and kept soybeans at previous estimates. “I expect the low volatility environment to continue with soybeans remaining in tight trading short term. And for corn prices eventually […] Read more
Surprise Indian duty on peas leaves Canada scrambling
Winnipeg | CNS – The Canadian pea industry was shocked Wednesday morning to wake up to a notice from India declaring a 50 per cent tax on pea imports to the country. “This sort of moves us beyond even where India has been before in pulse import duties … more than a decade ago we […] Read more
Reports highlight strengths, weaknesses of Canadian ag exports
Commodity News Service Canada – There is room for improvement in the Canadian agricultural export market with competition from new markets globally, according to a pair of reports released by Farm Credit Canada. The FCC Ag Economics, Trade Ranking Report: Agriculture and FCC Ag Economics, Trade Ranking Report: Manufactured Food give overviews of Canada’s global […] Read more
Mixed reactions from farm groups to Bill C-49 progress
Commodity News Service Canada – Western Canadian producer groups support changes to rail transportation in Canada but vary on support of the latest legislation, Bill C-49. Bill C-49 passed its third reading in the House of Commons Nov. 1 and is now off to the Senate for review. The bill is meant to amend the […] Read more
Pulse industry’s future remains uncertain with India
CNS Canada — As worries mount in regards to Canada’s pulse exports to India, reports from the country point toward a precarious future. India’s agriculture minister, Radha Mohan Singh, last week announced his country wouldn’t need to import any pulses within two years’ time as it would be able to grow enough for domestic demand. […] Read more
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