CNS Canada — Recent milder weather seen in Western Canada was unfavourable for winter wheat crops and has left the crops more vulnerable to winterkill. “The major impact is that it melted some of the snow cover that the winter wheat had, and in a lot of cases now some of those fields are bare,” […] Read more
Recent mild spell seen hurting Prairie winter wheat
ICE weekly outlook: Canola gains outpacing U.S. market
CNS Canada — The ICE Futures Canada canola market moved higher during the week ended Wednesday, despite losses seen in the Chicago soybean market, which normally drives canola. “It’s good sturdy firmness, but I don’t know if there’s anything special behind it,” said Ken Ball of PI Financial in Winnipeg. “Traders tend to trade canola […] Read more
CBOT soybean market lacking positive drivers
CNS Canada — Chicago Board of Trade (CBOT) soybean futures moved lower during the week ended Wednesday and could continue drifting downward as there’s not much positive underpinning the market. “There’s talk of China slowing down demand, we’ve seen the seasonal top in export inspections, and Chinese crush margins are running right around negative,” said […] Read more
Prairie flax prices strong as farmers sit on supplies
CNS Canada — Flax prices in Western Canada are staying strong, with a lack of significant farmer selling supporting the market. “It seems as though the farmers are just sitting on their inventory and not bringing it in, so the prices are moving up,” said Richard Zacharias, general manager of Prairie Flax Products near Portage […] Read more
Grain freight minimums beneficial, but not seen as best solution
CNS Canada –– The Canadian government’s decision to extend its order-in-council requiring a minimum tonnage of grain shipped by the two major railways each week will benefit the ag industry — but it’s not the best solution out there, according to some participants. “Extending the minimum volume requirements through the coming winter and spring season […] Read more
Prairie farmers reluctant to sell into canola cash market
CNS Canada –– Prairie farmers are reluctant to sell into canola cash markets, in turn supporting basis levels recently as buyers have to work to entice farmer selling. “I think farmers are patient; they are not selling this market when you see minor dips,” said Jerry Klassen, manager for Swiss-based GAP SA Grains and Products […] Read more
ICE weekly outlook: Canola to hit major resistance at C$440
CNS Canada — Canola futures were holding relatively steady during the week ended Wednesday, and are expected to continue in a rangebound pattern this winter. The March future is likely to find major resistance at the $440 per tonne level over the next month or so, said Jerry Klassen, manager for Swiss-based GAP SA Grains […] Read more
Manitoba corn quality better than expected
CNS Canada — Manitoba’s corn growers weren’t sure what they’d find when they combined their fields this fall due to unfavourable growing conditions, but overall quality was better than expected. “We were worried going in that it would be a lighter crop because of the frost in September,” said Morgan Cott, agronomist with the Manitoba […] Read more
Prairies’ winter wheat looks good heading into dormancy
CNS Canada — There weren’t a lot of acres planted to winter wheat in Western Canada this fall due to the late harvest of many other crops — but what was seeded looks good as it heads into dormancy. “The fields that are there look good, just we have no clue how much there is,” […] Read more
CWRS bids up as basis strengthens
Commodity News Service Canada — Average cash bids for Canadian Western Red Spring (CWRS) wheat were stronger during the week, underpinned by improving basis levels in Western Canada and stronger Minneapolis wheat futures prices. CWRS prices were about $3.00 higher in central Alberta, up to $6.75 stronger in the Peace region compared to a week […] Read more
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