Reading Time: < 1 minute CNS Canada — Quality issues with the Canadian durum crop currently being harvested should see the price spreads between top- and low-end grain widen considerably, especially as the carryout from the previous year is also poor quality. Canadian durum stocks, as of July 31, were pegged at 1.1 million tonnes by Statistics Canada in a […] Read more
Quality Canadian durum may be in short supply
ICE weekly outlook: Canola sees ‘bump in a bear market’
Reading Time: < 1 minute CNS Canada — News that China would delay its implementation of stricter dockage restrictions on Canadian canola shipments gave ICE Futures Canada contracts a boost on Wednesday, but values are still trending lower overall. “It’s a bump in a bear market,” said analyst Errol Anderson of Pro Market Communications in Calgary, on the initial reaction […] Read more
Quality still a question for Canada’s big wheat crop
Reading Time: 2 minutes CNS Canada — Canadian farmers are sitting on a very large wheat crop this year, but the moisture that helped boost yields also caused disease issues and supplies of higher-quality wheat may still be in short supply. While the spring wheat harvest is just getting started and it’s hard to get a firm handle on […] Read more
Wide canola crush margins show no sign of narrowing
Reading Time: < 1 minute CNS Canada –– Canola crush margins remain very wide, and are showing no signs of narrowing back in. As of Friday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $130 above the November contract, which compares with levels at the same time a year ago of $58. Crush margins provide […] Read more
Industry bracing for potentially large StatsCan crop estimates
Reading Time: 2 minutes CNS Canada — Canadian farmers are sitting on large crops ahead of this year’s harvest, although just how large remains to be seen as industry participants await Statistics Canada’s first survey results of the crop year, set for release on Tuesday. Pre-report trade estimates on canola production range anywhere from 16 million to 20 million […] Read more
CBOT weekly outlook: Short-term pre-harvest gains likely for corn, soy
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) have moved off their nearby lows in recent sessions, and should be due for some more strength in the short-term before seasonal harvest pressure kicks in. The U.S. Department of Agriculture released relatively bearish production estimates on Friday, predicting larger-than-expected U.S. […] Read more
Feed barley down, harvest pressure still to come
Reading Time: 2 minutes CNS Canada — Feed barley prices in Western Canada are trending lower, and likely have more room to the downside as new-crop barley hasn’t even started to enter the market. “Every time we think we’ve found a bottom, it seems to drop again,” said Jared Seitz of Agfinity, an Alberta-based online brokerage. He added “we […] Read more
ICE weekly outlook: Canola sitting right above support
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but held above major support as prices remain relatively cheap compared to other oilseeds. Fund traders adding to short positions were behind much of the weakness in canola, although traders said the net short position was reaching the point that […] Read more
Shallow roots potential concern for Manitoba sunflowers
Reading Time: < 1 minute Commodity News Service Canada – Sunflower crops in Manitoba are generally in good shape for this time of year, but excess moisture in the key growing areas have kept root systems shallow, which could create problems later in the season, according to an industry participant. It’s still relatively early for sunflowers, with diseases usually not setting in until […] Read more
Manitoba edible bean prospects hampered by wet weather
Reading Time: < 1 minute Commodity News Service Canada – Heavy rains in key edible bean growing areas of Manitoba over the past week likely cut into production prospects, although the market has yet to see any noticeable reaction from a pricing standpoint. Some bean growing areas of the province were hit harder than others, but “they’ve all had a bit […] Read more
A message from April Stewart, Country Guide's Associate Editor
