CNS Canada — Some Prairie winter wheat-growing regions may have received large amounts of snow so far this winter, but flooding shouldn’t be a concern this spring. “We’ve run into some problems when we’ve had snowmelt not moving off of fields” in the past, said Bruce Burnett, weather and crop specialist with CWB in Winnipeg. […] Read more
Spring flooding not a concern for Prairie winter wheat
Prairie grasshopper populations expected to rise in some areas
CNS Canada — Grasshopper populations are expected to rise in some western Canadian growing regions, causing more risk for crop damage from the insects this spring and summer, according to provincial insect forecasts. Forecasts for all three Prairie provinces are based on grasshopper populations observed in the latter half of summer 2013. In Alberta, the […] Read more
Prairie wheat bids climb alongside U.S. futures
CNS Canada –– Western Canadian cash bids for Canada Prairie spring red (CPSR) and Canada Western red spring (CWRS) wheat moved higher, following the sharply stronger U.S. wheat futures markets during the week ending Monday. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $168 per […] Read more
Producers having hard time moving soybeans out of Manitoba
CNS Canada — Manitoba producers who grew soybeans this past summer are having a hard time moving them off their farms because of the backlogged Prairie grain handling system. Normally, soybeans are one of the easiest crops to move because Manitoba is a “small drop in the bucket” compared to the U.S. when it comes […] Read more
ICE weekly outlook: Canola stuck in a range
CNS Canada — Canola futures on the ICE Futures Canada trading platform moved higher, following along with the Chicago soybean and soyoil markets during the week ended Wednesday. Sentiment that the canola market was oversold, weakness in the Canadian dollar, and ideas that canola is undervalued compared to other oilseeds also helped lift prices. But […] Read more
CPSR wheat bids weaken amid widening basis levels
CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPRSR) wheat moved lower amid widening basis levels during the week ended Monday. Canada Western Red Spring (CWRS) bids, meanwhile, were holding steady. Prices for both varieties failed to follow the U.S. futures markets higher due to continued slow movement of the crop […] Read more
Prairie canola basis levels still ‘extremely wide’ historically
Updated, Jan. 29 — CNS Canada — Basis levels for canola in some regions of Western Canada have seen slight improvements lately, but they’re still “extremely wide” historically, according to a grain marketing specialist. “In this area I would say basis levels have widened from early September, probably by $60 to $70 per tonne, depending […] Read more
Mixed price action seen in Prairie wheat markets
CNS Canada — Western Canadian wheat cash bids were mixed during the week ending Monday. Canada Western Red Spring (CWRS) bids were down slightly, while Canada Prairie Spring Red (CPSR) held steady and durum prices were slightly higher. Average spot bids for CWRS at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in […] Read more
Fertilizer prices to level off before seasonal spring rally
CNSC — North American fertilizer prices have been on the rise over the past month, but are expected to level off until the spring, when the market should see a seasonal rally. Tight supplies have helped to contribute to the recent price rally, said Rick Rempel, vice-president of marketing for Western Canada with Agrico Canada. […] Read more
ICE weekly outlook: Lower loonie may limit canola’s losses
CNSC — ICE Futures Canada canola futures moved higher during the week ended Jan. 22, seeing a slight recovery after falling to fresh contract lows. The large Canadian canola supply situation and problems getting the product to end users because of logistics issues in Canada will keep the path of least resistance pointed lower, analysts said. […] Read more
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