Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as domestic bids tracked gains in U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by $5 to $8 per tonne over the course of the week, according to price quotes […] Read more
Prairie wheat bids rise with U.S. futures
Oats’ buyers, sellers far apart on price
Reading Time: < 1 minute CNS Canada — Farmers with oats to sell and end-users willing to buy them are far apart in terms of price right now, limiting how much business is actually taking place. Major U.S. customers are well covered for the time being, “with enough to last for a few months worth of milling,” said Ryan McKnight […] Read more
ICE weekly outlook: Canola recovers, but faces resistance
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts managed to post small gains over the week ended Wedensday, as the market recovered off of the contract lows hit the previous week. However, former support levels are now acting as resistance, as the market finds itself in a new, slightly lower range. Support in the front […] Read more
Mild winter, poor snow cover watched in Alberta, Saskatchewan
Reading Time: 2 minutes CNS Canada –– A milder than normal winter, with a lack of significant snow cover across much of Alberta and Saskatchewan, may be raising concerns in parts of the Prairies — but there is still plenty of time before spring seeding will begin. “There’s not much moisture there,” said Harry Brook, crop specialist with Alberta’s […] Read more
Prairie spring wheat bids drop as loonie rises
Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as the strengthening Canadian dollar cut into basis levels. Average Canada Western Red Spring (CWRS) wheat prices were down by about $5-$7 per tonne over the course of the week, according to price quotes from a cross-section of […] Read more
Spring road bans to slow grain movement across Prairies
Reading Time: < 1 minute CNS Canada –– Spring road bans are starting to be put into place across Western Canada as temperatures warm up in the Prairie provinces. The annual restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage heavier loads can cause during the spring thaw period. Grain and […] Read more
ICE weekly outlook: ‘Time will tell’ for canola after drop
Reading Time: < 1 minute CNS Canada — Canola contracts on the ICE Futures Canada platform dropped sharply during the week ended Wednesday, falling below major support as some stops were hit on the way down. While damage was done from a chart standpoint, end-user demand remains solid and “time will tell” if the downtrend continues or if canola manages […] Read more
Prairie spring wheat bids rise with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as U.S. futures moved up and basis levels held reasonably steady. Average Canada Western Red Spring (CWRS) wheat prices were up by about $2-$5 per tonne over the course of the week, according to price quotes from a […] Read more
Prairie farmers seek answers to the $6.5 billion question
Reading Time: 3 minutes CNS Canada –– The Canadian Wheat Board single desk has now been gone for 3 1/2 years, but there are still some in the Prairie farming community who would like to see it brought back. Whether that’s actually possible is a question for another time — but the data being used to make the case […] Read more
Ocean freight index bobs up from recent floor
Reading Time: < 1 minute CNS Canada –– The Baltic Dry Index is finally starting to show some stability after setting fresh record lows on a near-daily basis for the past few months. The BDI set a record of 290 points on Feb. 10, but has since posted gains for the past four sessions, settling at 301 on Tuesday. It […] Read more
A message from April Stewart, Country Guide's Associate Editor
