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Prairie cash wheat: Bids generally higher

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were up for CWRS and CPSR, while durum (CWAD) bids were mostly higher. The Canadian dollar was down by more than a half cent during the week. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices ranged from up $3-$5 […] Read more

Canada, EU, China, others agree on temporary fix to WTO crisis

Reading Time: 2 minutes Brussels/Davos | Reuters — Canada, the European Union, China and 14 other World Trade Organization members agreed on Friday to create a temporary mechanism to settle trade disputes after U.S. action rendered the WTO incapable last month of acting as the umpire of global trade. The Canadian government and the European Commission said separately that […] Read more

Bargain hunters fire up rally in cannabis stocks

Reading Time: 2 minutes New York | Reuters — Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year. Shares of Tilray Inc. and Canopy Growth Corp. have climbed more than 20 per cent since the start of the year, while Cronos Group […] Read more

Canadian canola crush sets new monthly record

Reading Time: < 1 minute MarketsFarm — Canadian oilseed crushers set a new monthly record for processing canola in December 2019, crushing 899,301 tonnes of the crop during the month, according to the latest data from Statistics Canada. The crush pace was up by 70,000 tonnes from November and compares with the previous record of 882,301 tonnes, set just two […] Read more

High stocks-to-use ratio weighs on canola

Reading Time: < 1 minute MarketsFarm — The Canadian canola stocks-to-use ratio was over 20 per cent at the end of 2019 — significantly higher than the five-year average of 13.4 per cent. “That’s part of the reason why we’re seeing downward pressure on canola prices,” Craig Klemmer, chief agriculture economist for Farm Credit Canada (FCC), explained during his presentation […] Read more


Large funds back on short side in soybeans

Reading Time: < 1 minute MarketsFarm — Large fund traders have moved back to the short side in soybeans while only making small adjustments in canola, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 20,366 contracts on […] Read more




Soybean acreage to continue dropping, AAFC says

Corn production to increase slightly

Reading Time: 2 minutes Soybean acreage in Canada will continue to decline in the 2020 growing season, says Agriculture and Agri-Food Canada (AAFC) in its first supply and demand estimates for the next marketing year. Soybean acres hit 7.28 million acres in 2017-2018, but lost acres last year at 6.32 million acres. AAFC forecasts 5.71 million acres in 2020-2021 […] Read more