ICE Futures Canada canola contracts moved lower during the week ended Wednesday, as values continued to be pressured by ongoing harvest activities in Western Canada. Farmers across the Prairies made fairly good harvest progress during the week, with beneficial weather in many areas. Good yields continued to be reported, and it is still expected the […] Read more
ICE weekly outlook: Canola headed to new contract lows
Prairie wheat bids steady to weaker
Cash bids for spring wheat in Western Canada were steady to lower during the week ended Monday (Sept. 23), while basis levels continued to ease amid harvest pressure. Average spot bids for Canadian Western red spring (CWRS) wheat at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in on Monday at around C$218 […] Read more
ICE weekly outlook: USDA report to steer canola
Canola futures on the ICE Futures Canada trading platform moved lower during the week ending Wednesday. Much of the weakness was linked to expectations that the 2013-14 Canadian canola crop will be record-large. Harvest activities were also underway during the week across the Prairies, which further undermined canola values. Harvest pressure, along with an increase […] Read more
Late harvest, dry soil to impact Prairie winter wheat seeding
Seeding of winter wheat has begun in some areas of the Prairies, but is delayed in others because of the late start to harvest this year. “A lot of your winter wheat gets planted into some barley stubble or canola stubble and we really haven’t seen a lot of harvest done yet,” said Bruce Burnett, […] Read more
Prairie wheat cash bids down sharply as harvest progresses
Cash bids for spring wheat were down sharply across Western Canada during the week ending Monday, with pressure from advancing harvest activities in Western Canada weighing on values. Basis levels for both Canada Western red spring (CWRS) and Canada Prairie red spring (CPRS) also widened significantly, amid reports of good yields and lower than average […] Read more
Below-average protein expected from Prairie wheat
Farmers across Western Canada have started to harvest their spring wheat crops, and protein levels so far look like they’re going to be below average. “Protein levels, at least initially, here are lower, so I would think a lower-than-average protein is going to be in the cards for this crop, just given how good things […] Read more
Prairie CWRS wheat cash bids ease
Cash bids for Canada Western red spring (CWRS) wheat eased across Western Canada during the week ended Sept. 3, as crop prospects were looking good amid generally favourable weather. Reports that harvest activities have begun for some crops in all three Prairie Provinces, as well as for spring wheat in the U.S., were also bearish. […] Read more
Harvest work in early stages across Alta.
Harvest activities were in the early stages across Alberta at the end of August, according to a provincial crop specialist. “In the central Alberta area, there’s a little bit of barley off, some swathing going on, and starting of the swathing of canola,” said Mark Cutts of Alberta Agriculture and Rural Development’s Ag-Info Centre at […] Read more
Man. soybean crop expecting average yields and better
Despite a recent bout of hot and dry weather across Manitoba, many soybean crops across the province are expected to see average to above-average yields this year. Concerns about similar hot and dry conditions in the U.S. have been reported recently, with talk that the conditions would reduce yield potential for the country’s soybean crops. […] Read more
ICE canola weekly outlook: Big swings possible
Canola futures on ICE Futures Canada moved higher during the week ended Wednesday, following along with the weather rally that was lifting U.S. soybean futures. Soybean futures on the Chicago Board of Trade (CBOT) rallied recently due to concerns about hot and dry weather reducing yield potential in the U.S. Similar weather conditions have been […] Read more
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