CNS Canada –– Canadian cash prices for durum have been weak all winter, as logistics issues in Western Canada have kept large supplies of the crop from moving. Going forward, the burdensome supply situation is expected to keep values under pressure. “Companies are still cleaning up sales that they’ve made earlier, and this will take […] Read more
Burdensome supplies to keep durum prices under pressure
Prairie CWRS cash bids ease, basis improves slightly
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Monday, following the sharply weaker U.S. futures market for the second consecutive week. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Monday at around C$198 per tonne, or $5.40 […] Read more
ICE outlook: Canola being pulled in both directions
CNS Canada –– Canola futures on the ICE Futures Canada trading platform were weaker during the week ended Wednesday, as the large Canadian supply situation continued to overhang the market. A pickup in farmer selling, as improving basis levels started to make cash prices more attractive in some regions, was also responsible for the weakness. […] Read more
Spring wheat cash bids fall with futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Monday, following sharp losses seen in U.S. futures markets. Average spot bids Monday for CWRS (13.5 pr cent protein) across Manitoba, Saskatchewan and Alberta came in at around $203 per tonne, or $5.52 per bushel, based on […] Read more
Record prices not encouraging cattle herd expansion
CNS Canada — Cash prices for Canadian feeder cattle may be reaching record highs, but that doesn’t seem to be encouraging herd expansion. Though prices for Canadian cattle are very strong, they could be even better, said Herb Lock of Farm$ense Marketing in Edmonton. “The real story is how far behind the Americans we are […] Read more
ICE weekly outlook: November canola could re-test $500
CNS Canada — ICE Futures Canada canola contracts moved higher for the seventh consecutive week during the week of March 12-19, following strength seen in the Chicago soybean market. Funds were also moving money into commodities, which helped to lift both soybeans and canola, according to Errol Anderson of ProMarket Communications in Calgary. “What’s driving […] Read more
Manitoba corn acres seen holding steady from 2013
CNS Canada –– Corn acres planted in Manitoba this spring aren’t expected to change much from last year, as weaker prices will likely discourage further expansion. “I don’t think we’ll see a big increase and that’s simply just because the price of corn wasn’t quite as attractive as it was twelve months ago,” said Myron […] Read more
Chicago soybeans breaking lower, Chinese ports full
CNS Canada — Chicago Board of Trade soybean futures moved lower during the week ending Wednesday, with slowing Chinese demand behind the declines. China started to cancel purchases of South American soybeans during the week, which prompted fears that they might also cancel U.S. orders, said Scott Capinegro of Barrington Commodities at Barrington, Illinois. “The […] Read more
Hog cash prices nearing record highs
CNS Canada –– Cash prices for Canadian hogs are nearing record levels due to concerns about reduced North American supplies because of the porcine epidemic diarrhea virus (PEDv) that’s plagued U.S. farmers and a handful in Canada this winter. Futures prices for hogs reached record levels in the U.S. in early March, with prices rallying […] Read more
CBOT soybean, corn futures looking ‘top-heavy’
CNS Canada — Soybean futures on the Chicago Board of Trade moved higher for the fourth straight week during the Feb. 26 to March 5 period. Steady demand, ongoing concerns about tight U.S. supplies and weather problems in South America helped to support the market. Prices looked like they had hit a top, and the […] Read more
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