CNS Canada – Western Canada’s mustard crops are in mostly good condition, one industry participant says, while new-crop prices for the commodity have moved lower. “I would say throughout the growing area it really looks quite good, almost exceptional as an average,” said Walter Dyck, general manager, seed division at Olds Products. He added that rain has […] Read more
Mustard crops in good condition despite hail, prices squeezed
Manitoba winter wheat in good shape
Group pushes for national wheat research strategy
Commodity News Service Canada — Despite heavy rains throughout July, Manitoba’s winter wheat is in good condition moving into desiccation, the head of an industry group says. The Manitoba winter cereals group is also preparing for an upcoming government program by working alongside other Canadian wheat commissions. “Everybody is still pretty happy. The winter wheat can […] Read more
Canada’s durum market share seen dropping
CNS Canada –– Global durum values are moving lower as producers in Europe and the U.S. start selling — and leaving Canada out of the market, one analyst says. “The only one that’s not selling aggressively is Canada, and we’re losing market share, big time,” said Jerry Klassen, manager of the Canadian office for Swiss-based […] Read more
Chicago oats rally with Prairie rains, for now
CNS Canada — Oat prices at the Chicago Board of Trade have advanced as rain soaks Canada’s crops, but one U.S. analyst doesn’t expect those gains to hold. Close to half of Canada’s seeded oat area is in Saskatchewan, Statistics Canada data shows, and some parts of the province have seen heavy rains and flooding. […] Read more
ICE weekly outlook: Weather market ahead
CNS Canada — ICE Futures Canada canola prices edged up on the week, propped up by soggy Prairie fields and the anticipation for warm, dry weather in the U.S. Going forward, the market will be dominated by fund trading and weather-watching. “Funds are net short right now, and that’s something different, because we’ve rallied back […] Read more
Flax growers scout soggy fields as prices edge upward
CNS Canada — Producers are assessing the effects of weekend rains that soaked flax crops in Western Canada, while prices have ticked up slightly as data reflects shrinking acres. Flax fields in western Manitoba saw thunderstorms and powerful winds, which knocked out power in some areas of the province during the weekend. Parts of southeastern […] Read more
Wet wheat weather watched worldwide
CNS Canada — Generous rainfall has benefited but also boosted the risk of disease on wheat crops in much of Canada and the U.S., and has also cut into grain quality in parts of Europe. However, according to Drew Lerner of U.S. forecast agency World Weather Inc., conditions during the harvest season will be the […] Read more
Sluggish demand, ample supplies eat into Lethbridge feed prices
CNS Canada — Lethbridge feed wheat and barley prices have dropped after a muted spring rally — and they’re likely to stay low throughout the summer, market participants say. “They have a weak tone to them. I think a lot of it is lacklustre demand domestically,” said Allen Pirness, trader at Market Place Commodities in […] Read more
CBOT weekly outlook: Corn, soy to fall on weather, post-report
CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving into position ahead of two key reports, but following that data, the market will shift back into weather trading, one U.S. analyst says. Corn — Corn futures moved lower on the week ended Wednesday, as traders exited long positions with […] Read more
CP lays off 500 workers, cites softening demand
CNS Canada — Select maintenance workers at Canadian Pacific Railway will be laid off effective Thursday as the railway’s revenue is expected to plummet in the second quarter. Lower volumes are one reason given for declining profits, though grain movement this crop year is ahead of average. Earlier this month, 500 CP maintenance workers were […] Read more
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