Reading Time: 2 minutes CNS Canada — Just how much barley did Canadian cattle eat over the past winter? Will there be any old-crop wheat left over this year? And how much canola was really grown in 2015? Answers to these questions and more will be closer to being found when Statistics Canada releases its latest stocks data on […] Read more
StatsCan grain stocks data to confirm feed demand, production
Seeding underway in southern Alberta
Reading Time: < 1 minute CNS Canada — Alberta farmers are in the early stages of seeding this year’s crop, with operations expected to become more widespread over the next few weeks. “Southern Alberta is the most advanced, and (farmers) have been plugging away for as long as two weeks in some areas,” said Mark Cutts, a crop specialist with […] Read more
Weekly canola crush hits yearly low
Reading Time: < 1 minute CNS Canada — Canada’s weekly canola crush dropped sharply over the week ended Wednesday, but some of the decline is likely tied to an overstatement of what was processed the previous week. The weekly canola crush came in at only 110,909 tonnes, which compares with 180,078 tonnes the previous week, according to data from the […] Read more
ICE weekly outlook: Still room higher for canola
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, with the biggest gains in the front months. While the market ran into some resistance on Wednesday, there is still more room to the upside from both a chart and fundamental perspective. “We’re still in an upward trend; we haven’t […] Read more
Prairie spring wheat bids mixed amid opposing outside factors
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada were narrowly mixed during the week ended Friday, with prices up slightly in some locations and down in others. Spillover from gains in U.S. futures was offset by the bearish influence of the rising Canadian dollar. Depending on the location, average Canada Western Red Spring […] Read more
Rising durum acres offset by declining spring wheat
Reading Time: 2 minutes CNS Canada –– Increased durum acres in Canada may limit the upside potential as far as prices are concerned, but smaller spring wheat plantings will also limit the downside, according to a durum trader. Statistics Canada on Thursday pegged intended durum acres at 6.12 million acres, which would be up from 5.82 million in 2015. […] Read more
Record-low summerfallow expected
Reading Time: < 1 minute CNS Canada — Changing farm practices and moving world markets over the years have seen shifts in the makeup of the crops grown in Canada — but the most noticeable change in the past three decades may be the amount of land seeded to nothing. Heading into the 2016 growing season, Canadian farmers say they […] Read more
Farmers big on pulses, but canola down on the year
Reading Time: 2 minutes CNS Canada — Canadian farmers will be seeding record acres of peas and lentils this spring, as expected, but the increases to pulse crops are coming at the expense of canola — which saw acres come in below expectations in a report out from Statistics Canada. In its first acreage survey of the year, released […] Read more
Canada’s pulse acres set to rise, wheat likely lower
Reading Time: 2 minutes CNS Canada –– Early seeding operations are already underway in parts of Western Canada, and the general sentiment is that farmers are planting more peas and lentils at the expense of most everything else. Statistics Canada releases its first survey-based acreage estimates of the year on Thursday. “I think we’ll see a surge in pulse […] Read more
CBOT weekly outlook: Soy, corn may be nearing highs
Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, with soybeans leading to the upside on the back of fund buying. The May soybean contract moved above $9.53 Wednesday, which marks the midpoint between the highs and lows of the past year (all figures […] Read more