CNS Canada — Soybean futures at the Chicago Board of Trade (CBOT) moved higher during the week ended Wednesday, and could be headed above the US$11 per bushel level if weather in the U.S. Midwest stays too wet, an analyst said. “If weather remains somewhat unfavourable we could see, over the medium term, prices maybe […] Read more
CBOT weekly outlook: Soy headed above US$11 if weather stays wet
CWRS bids mixed, CPSR weakens with U.S. futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) bids were mixed during the week ended Friday, as prices in Manitoba and Saskatchewan followed U.S. futures lower, but basis levels in Alberta saw some improvements due to unfavourable dry growing conditions. Average CWRS wheat prices were anywhere from C$6 per tonne lower to […] Read more
ICE weekly outlook: Weather still key for canola
CNS Canada –– The ICE Futures Canada canola market moved lower during the week ended Wednesday, as speculators took profits on a recent rally that saw values hit fresh contract highs. Spillover pressure from the declines in Chicago soybean futures was also bearish for values. There were some reports of improving weather conditions for the […] Read more
Prairie wheat bids up sharply with weather worries
CNS Canada — Cash bids for Prairie wheat were up sharply during the week ended Friday, as weather worries in North America resulted in improved basis levels and pushed U.S. futures sharply higher. Parts of Western Canada are too dry, harming production, while excess moisture in the U.S. is increasing disease pressure and slowing the […] Read more
U.S. corn, DDGS imports likely as drought tightens feed supply
CNS Canada –– Livestock producers in Western Canada will likely have to import feed grains such as corn and dried distillers grains with solubles (DDGS) this year, as drought is seen trimming domestic barley and other feed production. “We’ve seen droughts before, and when it’s happened, usually what has to happen is we import other […] Read more
Wet weather brings disease worries to Man. winter wheat
CNS Canada — Excess moisture in parts of central Manitoba could bring disease problems to winter wheat fields in the region. Fungicide spraying has occurred to control diseases such as fusarium head blight and leaf diseases, but farmers are running into some problems with applications, according to Bruce Burnett, crop specialist with CWB in Winnipeg. […] Read more
ICE weekly outlook: New-crop canola to break $500
CNS Canada — The ICE Futures Canada canola market moved higher during the week ended Wednesday, rebounding after the November contract hit support levels earlier on Monday. With recent drought and frost in Western Canada, canola ending stocks are expected to be very tight at the end of 2015-16, which is supporting prices and could […] Read more
Flax market falling in anticipation of large new crop
CNS Canada –– Spot prices for flax in Western Canada have dropped off in the last couple of days, reacting to expectations of large new-crop production in other parts of the world. “If you look at the main line companies, they’ve gone from C$13 to $14 a bushel, down to $11.60,” said Grant Fehr, flaxseed […] Read more
Prairie canola reseeding done ‘in a hurry’
CNS Canada — Farmers are reported to have mainly finished reseeding canola fields that were damaged by a frost event in the eastern Prairies in late May. “It happened in a hurry. A lot of producers, retail agronomists and seed companies were working overtime to get it all done. It’s pretty impressive, a lot of […] Read more
Prairie oats crop off to a decent start
CNS Canada — Western Canadian farmers are wrapping up seeding their oats crops, which so far are off to a decent start in many areas. “I know in Manitoba, in the Red River Valley, the oats are off to an excellent start,” said Art Enns, president of the Prairie Oats Growers Association. “In Saskatchewan it’s […] Read more
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