CNS Canada — Statistics Canada released its first survey-based production estimates for the 2015-16 crop year Friday morning, with canola and wheat figures coming in at the lower end of expectations. But the grain trade is shrugging off the report, as it believes final production numbers for most crops will be larger than what Statistics […] Read more
StatsCan production estimates ‘too low’ for canola, wheat
ICE weekly outlook: Further weakness in store for canola
CNS Canada –– The ICE Futures Canada canola market moved lower during the week ended Wednesday, breaking below the key support level of C$480 per tonne in the November contract. With the technical bias pointed lower, further weakness is expected to be in store for the commodity. “I think the ideas in the trade are […] Read more
Trade expects mostly smaller crops in StatsCan report
CNS Canada –– Statistics Canada will release its first survey-based Canadian crop production estimates for 2015-16 on Friday, and figures for most major crops are expected to be down compared to last year. Yields are likely to be all over the map as weather conditions varied vastly from region to region during the growing season. […] Read more
Prairie CWRS cash bids soften, durum drops sharply
CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were weaker during the week ended Friday, as U.S. futures markets plunged once again. Average CWRS wheat prices were down by C$7 to $26 per tonne over the week, with bids ranging from about $203 per tonne in the Peace region […] Read more
More downside possible for canola
Commodity News Service Canada — ICE Futures Canada canola contracts moved sharply lower during the week ended July 29, and more downside is possible for the market in coming weeks. “I think we’re going into a period where we’re going to make some pre-harvest lows here,” said Jerry Klassen, manager of the Canadian office for […] Read more
CWB pegs canola production at 12.18 mln tonnes
Commodity news Service Canada — CWB is estimating the Canadian canola crop will produce 12.18 million tonnes in 2015/16 (Aug/Jul), according to a supply and demand table released via the Market Research Services Twitter account on Wednesday. The projection is below a previous estimate from the company of 12.60 to 13.00 million tonnes, which was […] Read more
Central Alberta receives weekend rainfall
Up to two inches in some areas will help fill crops
Commodity News Service Canada — Many regions of central Alberta saw some beneficial rainfall going into the weekend, which provided some relief to dry fields and aided crops as they head into the filling stage. “What it’s basically going to do is help fill the crops. In some places they had up to two inches of rain […] Read more
Canola replanting may hinder winter wheat seeding
CNS Canada — With canola as the preferred stubble choice into which to seed winter wheat in Western Canada, it’s possible farmers will run into problems seeding this fall due to vast canola reseeding in early June. “The crop insurance said there was over a million acres reseeded (in Manitoba), and when you reseed, unless […] Read more
Dry weather reducing Prairie wheat midge problems
CNS Canada — Wheat midge hasn’t been causing as many problems as first anticipated in Western Canada this year, as a dry spring hindered the pests’ emergence. The Saskatchewan Ministry of Agriculture’s wheat midge forecast, released earlier this year, initially showed high risk levels for the insect, but the dryness is hampering their effects on […] Read more
Prairie durum prices rising as farmers aren’t selling
CNS Canada — Prices for durum in the Prairie cash market have been on the rise recently, but there are very few actual transactions being made as farmers aren’t selling. “The companies know that, generally speaking, farmers aren’t in the mood to sell, so they’re probably trying to maybe encourage deliveries of last year’s durum, […] Read more
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