CNS Canada –– Canola futures on the ICE Futures Canada trading platform moved sharply higher during the week ended March 5, with ideas that canola is undervalued compared to other oilseeds helping to lift prices. Traders were said to be spreading against other oilseeds, buying canola and selling U.S. soybeans and products. Political problems in […] Read more
ICE weekly outlook: Strong canola price to spark selling
Peas seen as good cropping option for Canadian growers
Winnipeg | CNS Canada –– Peas are starting to pencil out as a good cropping option for farmers in Western Canada to plant this spring. High fertilizer prices and low returns for some of the bigger crops are helping make peas a more attractive option, David Katerynych, grain broker with Kat Commodities Ltd., said during […] Read more
Grainworld: Canaryseed could be ‘overproduced’
Winnipeg | CNS Canada — Canaryseed is a relatively small crop in the bigger picture of Canadian agriculture, but there are concerns that growers may produce too much this year. So far it’s expected canaryseed area will increase to 247,000 acres this spring, from 210,000 in 2013-14. But it could get even bigger, Kevin Hursh, […] Read more
Grainworld: Room to produce large lentil, mustard crops
Winnipeg | CNS Canada — Because of record yields and production in 2013-14 for many crops, there’s not much room to produce large crops again this year. But that’s not the case for lentils and mustard, as stocks of those two commodities aren’t as high compared to some others, such as wheat and canola. Carryover […] Read more
Grainworld: Barley prices to remain in downtrend for months
Winnipeg | CNS Canada — Barley prices in Western Canada have seen a bit of a rebound rally recently, but that trend is not expected to stick around. The recent price climb was sparked by a stop in farmer selling and by ideas that the market dropped too low, too quick, Jim Beusekom of Market […] Read more
Grainworld: Durum export outlook positive for 2014-15
Winnipeg | CNS Canada –– Because of the large durum crop grown in Canada in 2013-14, the country needs to gain a higher percentage of global durum trade to alleviate some of the pressures of having huge supplies, the Wild Oats Grainworld conference was told here Monday. “And I don’t think it’s going to be […] Read more
Grainworld: Oats market a ‘trainwreck’
Winnipeg | CNS Canada — The oats market in North America is a “trainwreck”, and there’s not much positive in the six- to 12-month outlook, an analyst told the Wild Oats Grainworld conference here Tuesday. “We have got bottlenecks all over the place. We are within an eyelash of shutting down the milling industry in […] Read more
Grainworld: Pulse and special crop area to increase
Winnipeg | CNS Canada — The area seeded to pulse and special crops is expected to increase in Western Canada this spring, according to an outlook presented here Monday at the Wild Oats Grainworld conference. Jon Driedger, a market analyst with FarmLink Marketing Solutions in Winnipeg, said favourable input costs and some decent new-crop contracts […] Read more
ICE weekly outlook: Little upside left in canola
CNS Canada — Canola futures on the ICE Futures Canada trading platform moved higher during the week ended Wednesday, on the back of speculative-based short-covering after nearby futures fell below $400 early in the week. Oversold price sentiment and continued ideas that canola is undervalued compared to other oilseeds were supportive, as was the sharp […] Read more
Spot bids for Prairie wheat climb with U.S. futures
CNS Canada — Cash bids for Canada Prairie Spring Red (CPSR) and Canada Western Red Spring (CWRS) wheat continued to move higher amid the ongoing short-covering rally seen in U.S. wheat futures during the week ending Tuesday. Average spot bids on Tuesday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in […] Read more
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