Cash bids for western Canadian spring wheat were sharply lower during the week ending Monday, as basis levels widened following Statistics Canada’s production report on Dec. 4. The report showed a shockingly large 37.53 million-tonne 2013-14 Canadian wheat crop. The 2012-13 Canadian wheat crop produced 27.21 million tonnes. Average spot bids on Monday for Canada […] Read more
Prairie wheat bids plunge with huge Canadian crop
ICE outlook: Large crop bearish long-term
ICE Futures Canada canola futures moved to the downside during the week ended Dec. 4, hitting fresh contract lows in the process — but the market managed to come off its lows and close above key support after breaking below it on Wednesday. Some of the weakness in the market was linked to concerns about […] Read more
StatsCan shows shockingly large crops all around
Statistics Canada pegged surprisingly large 2013-14 production figures for many of the crops grown in the country in its final crop report of 2013, released Wednesday. “There’s just no getting around it, this is the biggest crop of Canadian history and it’s basically a shocker all around,” said Mike Jubinville of ProFarmer Canada in Winnipeg. […] Read more
Larger canola, wheat crops expected in StatsCan report
Statistics Canada should show an increase in Canadian wheat and canola production in its upcoming final crop report of 2013 on Wednesday, industry participants said. Record-large yields reported in many areas, and the fact that the survey for StatsCan’s last report was done before many people were finished harvest, were said to be pointing to […] Read more
Prairie wheat bids mixed with U.S. futures
Cash bids for western Canadian spring wheat were mixed, following U.S. futures during the week ending Monday (Dec. 2). Canada Western red spring (CWRS) wheat bids were weaker, while Canada Prairie spring red (CPSR) bids were firmer. On Dec. 2, average spot bids for 13.5 per cent CWRS across Manitoba, Saskatchewan and Alberta came in […] Read more
Cattle industry seen likely to shrink if COOL stays
There’s a good possibility the Canadian cattle industry will start to shrink if U.S. mandatory country-of-origin labeling (COOL) rules on meat stay in place as they are. COOL came into effect about five years ago, making it mandatory for retailers to label meat that comes from countries outside of the U.S. The World Trade Organization […] Read more
Prairie wheat cash bids mixed
Cash bids for western Canadian spring wheat continued were mixed during the week ending Monday (Nov. 25). Basis levels were wider on average, though some locations were showing improvement. Average spot bids for Canada Western red spring (CWRS, 13.5 per cent protein) wheat across Manitoba, Saskatchewan and Alberta came in at around $212 per tonne, […] Read more
Logistical issues weaken canola basis levels
Cash prices for canola in Western Canada are trending lower, as basis levels are weaker due to logistical issues in the country. “We’ve got elevators behind on getting cars, and we’ve got such a big crop out there, not just canola but everything else that’s trying to find its way through the system,” said Jon […] Read more
ICE weekly outlook: Canola bias leaning lower
ICE Futures Canada canola contracts moved lower during the week ended Wednesday (Nov. 20), with the January contract closing just above the key support level of C$480 per tonne. Some of the weakness in the market was linked to spillover pressure from the losses seen in the Chicago soybean complex and reports of high oil […] Read more
Prairie wheat bids continue to fall, basis levels steady
Cash bids for western Canadian spring wheat continued to move lower during the week ended Monday, though basis levels were holding steady. Much of the weakness in western Canadian cash bids was linked to the losses seen in U.S. wheat futures. Average spot bids for Canada Western red spring (13.5 per cent protein) across Manitoba, […] Read more
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