Western Canadian wheat cash bids and basis levels were holding steady along with the U.S. futures markets during the week ending Monday. Average spot bids for Canada Western Red Spring (CWRS) at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in at around $160 per tonne ($4.36 per bushel) based on pricing available […] Read more
Prairie wheat bids holding steady
Weak prices to slow expansion in Man. corn acres
Lower prices are expected to slow the expansion of corn acreage in Manitoba this spring. Last spring, 380,000 acres of corn were planted in Manitoba, a jump from 300,000 in 2012 and 180,000 in 2011. But a recent downturn in corn prices, due to large production in the U.S., is expected to curb farmer enthusiasm […] Read more
Prairie wheat bids fall with U.S. futures
Western Canadian wheat cash bids moved lower during the week ended Jan. 13, following the sharp declines seen in the U.S. futures markets following Friday’s bearish U.S. Department of Agriculture report. Average spot bids for Canada Western Red Spring (CWRS, 13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$160 per […] Read more
Cold temperatures not causing problems for Prairies’ winter wheat
Western Canada may be in the midst of a deep freeze, but the region’s winter wheat crops are none the wiser. “The crop sure is protected, there’s lots of snow,” said Jake Davidson, executive director of Winter Cereals Canada at Minnedosa, Man. “I would say that snow cover is more than adequate in most places.” […] Read more
ICE weekly outlook: Lower prices still to come
Canola futures may have moved lower and set fresh contract lows during the week ended Jan. 8, but the worst is yet to come. The outlook for canola prices is already grim, as the large Canadian supply situation, logistical problems moving the crop out of the country and the resulting expected large ending stocks are […] Read more
Prairie wheat bids ease for fourth straight week
Western Canadian wheat cash bids moved lower during the week ending Monday, marking four straight weeks of declines. Cash bids were following the continued downward trend seen in the U.S. futures markets. Average spot bids for Canada Western red spring wheat (CWRS, 13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Monday at […] Read more
Soybean expansion to continue on Prairies
Manitoba and Saskatchewan growers planted and produced a record-large amount of soybeans this year — and the crop’s westward expansion is expected to continue in the future. According to Statistics Canada, Manitoba farmers planted 1.05 million acres of soybeans in 2013-14 and, with good yields, produced 1.07 million tonnes. Manitoba’s soybean crops got a late […] Read more
ICE weekly outlook: Canola hasn’t bottomed yet
ICE Futures Canada canola futures continued to move lower during the week ending Wednesday (Dec. 18), resulting in a total loss of more than C$30 per tonne in nearby contracts since early December. Recent declines in canola are linked to the large Canadian canola supply situation, as well as logistical problems in Western Canada. Declines […] Read more
Prairie wheat bids down with U.S. futures
Western Canadian wheat cash bids moved lower during the week ended Monday, following losses seen in the U.S. futures markets. Basis levels also widened for both Canada Western Red Spring (CWRS) and Canadian Prairie Spring Red (CPSR) varieties, which contributed to the price weakness. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, […] Read more
Pea crop not quite as big as expected
Canada’s pea crop may be record-large this year, but some industry officials expected it to be even bigger than what Statistics Canada estimated in its production report on Dec. 4. StatsCan pegged Canadian pea production for 2013-14 at 3.849 million tonnes in the Dec. 4 report, up from the 3.341 million grown in 2012-13. “I […] Read more
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