Reading Time: 2 minutes CNS Canada – Hard red spring wheat bids in Western Canada moved lower during the week ended August 3, as declines in the US futures weighed on prices. However, weakness in the Canadian dollar provided support and helped basis levels see some modest improvement. Depending on the location, average Canada Western Red Spring (CWRS) wheat […] Read more
Canadian wheat bids decline with U.S. futures, but basis improves
Soybean, corn market futures await USDA data
Reading Time: < 1 minute CNS Canada – Improving Midwestern weather forecasts weighed on soybean and corn futures at the Chicago Board of Trade during the week ended August 2, with all eyes now turning to upcoming USDA data. The USDA is set to release a number of key reports on August 10, including updated world supply/demand numbers and US […] Read more
Good quality, but small caliber Canadian chickpeas expected
Reading Time: 2 minutes CNS Canada – Hot and dry conditions cut into the yield potential and physical size of Canada’s chickpea crop, but the quality should be excellent while prices remain relatively strong. “It’s anybody’s guess,” said Colin Young, of Midwest Grain Ltd. in Saskatchewan on the overall state of the chickpea crop. He said rainfall was “significantly […] Read more
Canola market dips to rally, heat stress hits wheat crops
Reading Time: 2 minutes CNS Canada – The ICE Canada canola market had a bit of a wild ride during the week ended July 28, with the November contract falling to its lowest level of the past month at one point before the brakes were hit on the drop and the market rallied $25 in three days. Fund traders […] Read more
Canadian wheat decline with U.S. futures, rising loonie
Reading Time: 2 minutes CNS Canada – Hard red spring wheat bids in Western Canada lost ground during the week ended July 28, as declines in the US futures and strength in the Canadian dollar both weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by C$8 to C$11 per tonne […] Read more
ICE Canada Weekly Outlook: Canola off highs, but watching weather
Reading Time: < 1 minute Winnipeg (CNS Canada) – ICE Futures Canada canola contracts moved lower during the week ended July 26, as improving weather conditions in parts of Western Canada and the US Midwest saw speculators liquidating some of their long positions. While the nearby charts turned bearish, canola rebounded off of its lows on Wednesday taking some direction […] Read more
Aerial crop sprayers grounded in Western Canada
Reading Time: 2 minutes CNS Canada — Aerial crop sprayers are spending more time on the ground than in the air in Western Canada this season, with hot and dry weather limiting disease pressures and changing the economic threshold for insect applications. “The crops came out of the ground very aggressively and good, but there was a prolonged hot […] Read more
Oats buyers filled for now, watching weather
Reading Time: 2 minutes CNS Canada — The hot, dry weather concerns supporting spring wheat prices across North America are also lending some strength to oats, but large old-crop supplies and a lack of significant end-user demand is limiting price movement for now. “We’ve been bought up for old crop for months,” said Scott Shiels of Grain Millers Inc. […] Read more
CBOT weekly outlook: Soy, corn enter summer weather market
Reading Time: < 1 minute CNS Canada — Soybean and corn futures posted solid gains over the past week, and may have more room to the upside as the U.S. Midwest enters the heat of summer. “It’s still early July, and we have the bulk of the important growing weather ahead of us,” said Rich Feltes, of RJ O’Brien in […] Read more
Canola climbs from bottom to top of chart in week
Reading Time: < 1 minute CNS Canada –– The ICE Futures Canada November canola contract has rallied by more than $30 in a matter of days, jumping past a number of key chart points in the process. The futures are nearing major resistance from a technical standpoint. The November contract, which has held in a $40 range from $472 to […] Read more
A message from April Stewart, Country Guide's Associate Editor
