ICE Futures Canada canola contracts moved higher during the week ended October 23, breaking out to the upside from its recent month-long narrow trading range. The positive technical bias sparked some chart based buying which helped to fuel the advances in the market. Weakness in the value of the Canadian dollar and solid end-user demand also […] Read more
ICE canola weekly outlook: recent uptrend to continue
Prairie CWRS wheat bids holding steady
Cash bids and basis levels for Canadian Western Spring Wheat (CWRS) wheat in Western Canada were holding steady during the week ended October 21. On October 21, average spot bids for 13.5% CWRS across Manitoba, Saskatchewan, and Alberta came in at around $229 per tonne, or $6.25 per bushel, based on pricing available from a […] Read more
Prairie CWRS wheat bids holding steady
Cash bids and basis levels for Canadian Western Spring Wheat (CWRS) wheat in Western Canada were holding steady during the week ended October 21. On October 21, average spot bids for 13.5% CWRS across Manitoba, Saskatchewan, and Alberta came in at around $229 per tonne, or $6.25 per bushel, based on pricing available from a cross-section […] Read more
Prairie winter wheat crop off to good start
Winter wheat crops seeded in Western Canada this fall are off to a good start so far thanks to some rains seen in September and early October. “We’ve had some timely rainfall in September and some fairly mild conditions, which have helped with the establishment of the crop,” said Bruce Burnett, crop and weather specialist […] Read more
Prairie durum prices to weaken further
Prices for durum wheat in Western Canada have weakened recently and are expected to continue to move lower going forward. Much of the recent price weakness is linked to the supply-and-demand situation, as Canada is expected to produce a very large crop this year, said Neil Townsend, director of market research with CWB in Winnipeg. […] Read more
Neutral tone expected in canola futures near-term
Canola futures on the ICE Futures Canada trading platform were stronger during the week ended Wednesday (Oct. 9), finding some spillover support from the gains seen in outside oilseed markets. Technical based buying also underpinned values, with canola futures seeming to find good support in the C$475-$480 per tonne level. Steady commercial demand and weakness […] Read more
Prairie wheat bids strengthen, basis levels widen
Cash bids for spring wheat in Western Canada were stronger following the U.S. futures markets during the week ended Monday (Oct. 7). Gains, however, were capped by widening basis levels and by Friday’s Statistics Canada report which estimated the 2013-14 Canadian wheat crop will be the largest ever at 33.03 million tonnes. Average spot bids […] Read more
Rain delaying harvest in Alberta
Wet, rainy weather seen in growing regions across Alberta has stalled the harvest in some areas during the first week of October. Harry Brook, a crop specialist with Alberta’s provincial Ag-Info Centre at Stettler, said farmers are now waiting for drier weather to finish up the last bit of the harvest. About 80 to 85 […] Read more
Prairie wheat bids up as U.S. futures rally
Cash bids for spring wheat in Western Canada were sharply higher, following a rally seen in U.S. futures markets. However, the gains were capped by harvest pressure, good yield reports and large supply expectations. Average spot bids for Canada Western red spring (CWRS) wheat (13.5 per cent protein) on Monday across Manitoba, Saskatchewan and Alberta […] Read more
High-protein wheat premiums return, but prices weaken overall
Protein premiums for spring wheat in Western Canada may be returning, but larger production prospects will weigh on prices overall, according to analysts. Last year, there was very little premium seen for higher-protein wheat and in recent years, a lot of higher-protein wheat was sold into mid-protein markets, said Jerry Klassen, manager of GAP Grains […] Read more
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