CNS Canada — Manitoba’s corn crop was nearly fully seeded ahead of crop insurance deadlines in late May, but frost events in Manitoba during the same time frame didn’t likely cause any damage. Parts of southwestern Manitoba saw a significant frost event on May 29 and 30, which killed off many canola crops and sparked […] Read more
Manitoba corn crops likely unscathed
CBOT weekly outlook: Soybeans to break below US$9 before summer half over
CNS Canada –– The Chicago Board of Trade (CBOT) soybean market showed some short-covering-related firmness during the week ended Wednesday, but the bias is still pointed lower for the oilseed. “We could actually see the beans trade down to the low $9, then to an $8 handle. Maybe $8.90 would be my initial target for […] Read more
Prairie canola basis levels soften as futures rally
CNS Canada — The ICE Futures Canada canola market has moved sharply higher recently, but the cash market hasn’t followed along, as basis levels have generally seen a softening trend. “Generally we’ve been seeing companies widen their basis levels out a bit. Some have held them steady, some have just crept them out a little […] Read more
Prairie wheat bids fall as U.S. futures drop sharply
CNS Canada –– Cash bids for wheat on the Prairies were weaker during the week ended Friday, as a sharp drop in U.S. wheat futures weighed on prices. Average Canada Western Red Spring (CWRS) wheat prices were C$1 to $11 per tonne lower, with bids ranging from about $204 per tonne in north-central Saskatchewan to […] Read more
Some S. Manitoba canola ‘wiped out’ in weekend frost
CNS Canada –– Many canola crops in southern Manitoba were badly damaged by frost early Saturday morning, leading farmers to reseed fields, one local farmer reports. “There’s quite a bit of canola that has been damaged, and some guys are reseeding. Some guys are still assessing, though,” said Anastasia Kubinec, oilseed specialist with Manitoba, Agriculture, […] Read more
ICE weekly outlook: Weather to make or break canola market
CNS Canada –– ICE Futures Canada’s canola futures moved independently higher during the week ended Wednesday, ignoring weakness in the Chicago soybean market. The generally tight supply situation for canola, a weak Canadian dollar and worries about dry conditions damaging some crops in Western Canada underpinned canola. Dry conditions in parts of the western Prairies […] Read more
CBOT weekly outlook: Corn, soy under pressure amid abundant supplies
CNS Canada — Chicago Board of Trade corn and soybean markets drifted lower during the week ended Wednesday and are expected to remain under pressure in coming weeks. The softness in both markets is likely because of large domestic and global supplies for corn and soybeans, said Ken Ball of PI Financial in Winnipeg. “Buyers […] Read more
Prairie wheat bids rise with improving basis
CNS Canada –– Cash bids for Canadian wheat were stronger during the week ended Friday, as basis levels improved. A firmer tone in U.S. wheat futures was also supportive. Average Canada Western Red Spring (CWRS) wheat prices were C$6-$12 per tonne higher, with bids ranging from about $204 per tonne in north-central Saskatchewan to $223 […] Read more
Prairie wheat bids up sharply as U.S. futures rally
CNS Canada –– Cash bids for Canadian wheat were stronger during the week ended Thursday, as U.S. wheat futures rallied sharply higher and basis levels improved, in general. Average Canada Western Red Spring (CWRS) wheat prices were C$10-$13 per tonne higher, with bids ranging from about $196 per tonne in north-central Saskatchewan to $214 per […] Read more
CBOT weekly outlook: Corn, soybeans trending sideways to lower
CNS Canada –– Chicago Board of Trade corn and soybean futures moved sharply lower during the week ended Wednesday, and are expected to trend sideways to weaker for the rest of the month. Traders are going to focus on spring weather and seeding conditions until more acreage and yield estimates for the 2015-16 crops are […] Read more
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