Commodity News Service Canada — Winter wheat planting conditions have been “perfect” in many areas of the Europe Union this fall, Leo Plaisier, partner at Agribrokers International said during a presentation at the Cereals of North America conference in Winnipeg. He added that acreage in the European Union is expected to increase slightly from last […] Read more
Winter wheat seeding ‘perfect’ in EU
Asia buyers face problems post-wheat board
Commodity News Service Canada — Before the 2012/13crop year, when the Canadian Wheat Board was stripped of its monopoly to market western Canadian wheat, some Asian companies purchased large amounts from Canada. But since the single desk has ended, there have been challenges with purchasing Canadian wheat, causing some companies to reduce the amount they […] Read more
Polar vortex not back this winter: forecaster
Commodity News Service Canada — Last year marked one of the coldest winters in recent history, as the polar vortex affected many parts of Western Canada. But this winter will be closer to normal, Scott Yuknis, owner and founder of Climate Impact Company said during a presentation at the Cereals of North America conference in […] Read more
Canadian durum quality the worst on record
Commodity News Service Canada — The 2014/15 (Aug/Jul) Canadian durum (CWAD) crop is the worst on record quality-wise, Bruce Burnett, weather and crop specialist with CWB said during a presentation at the Cereals of North America conference in Winnipeg. Only four per cent of the Canadian crop is grading as number one, with another 19 […] Read more
Prairie canola basis to continue improving
Commodity News Service Canada — Canola basis levels in Western Canada are already looking better than year-ago levels, but they’re expected to continue improving, Bruce Burnett said during a presentation at the Cereals of North America conference in Winnipeg. Ending stocks in 2014/15 are predicted at around 911,000 tonnes by CWB, as demand remains strong […] Read more
Prairie CWRS bids mostly higher despite losses in U.S. futures
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were mostly higher during the week, despite weakness in Minneapolis spring wheat futures as basis levels improved in most regions. Prices in the Peace region of Alberta declined, however, as basis levels widened out. CWRS prices were between $1.50 lower in the […] Read more
ICE weekly outlook: Canola still married to soybeans
CNS Canada –– ICE Futures Canada canola futures were mostly higher during the week ended Wednesday, with some support coming from gains in the Chicago soy complex. Speculative-based short covering, after the January contract moved above the 30-day moving average at about $411 per tonne on Wednesday, was also bullish, according to analysts. The January […] Read more
Prairie CWRS bids up as basis moves to a premium
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were higher during the week, as basis levels moved higher, now offering farmers a premium over futures in many areas. CWRS prices were up between about $7 and C$13 compared to a week ago. The best pricing opportunities were still available in […] Read more
Red spring wheat bids ease as basis widens
CNS Canada — Average cash bids for Canada Prairie Spring Red (CPSR) wheat eased during the week, despite a firmer tone in U.S. futures, as basis levels widened in many areas of Western Canada. Canada Western Red Spring (CWRS) bids increased, however, amid improving basis levels. Average CPSR bids were down by 15 cents to […] Read more
Manitoba corn harvest just getting started
CNS Canada — Many crops have seen delayed harvest in Manitoba this year, and grain corn is no exception. Only a few fields have been harvested so far, with more earlier-seeded crops expected to start coming off the fields next week. “A lot of it has reached maturity, so it’s just drying down to moisture […] Read more
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