Reading Time: 2 minutes CNS Canada –– Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, as both commodities saw a short-covering correction off of nearby lows. However, large supplies and looming South American harvests remain bearish for the two crops, likely keeping the futures bouncing around in a sideways pattern […] Read more
CBOT weekly outlook: Soy, corn ‘starving for news’
Prairie wheat bids drift down with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada edged lower in most locations during the week ended Friday, as losses in the U.S. futures weighed on values. However, basis levels saw some slight improvement in many locations, as Canadian wheat has continued to see more stable export demand compared to U.S.-origin supplies. Average […] Read more
U.S. wheat futures could be scraping bottom
Reading Time: < 1 minute CNS Canada — A general downtrend in U.S. wheat futures remains in place, with all three markets hitting fresh contract lows over the past week. However, there may not be much more room to the downside, according to an analyst. “The (U.S. Department of Agriculture) reports on Tuesday (Feb. 9) were not beneficial for the […] Read more
ICE weekly outlook: Canola testing longtime support
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, breaking below nearby chart support in the process. The March contract fell below the $460 per tonne level during the week for the first time in nine months, but managed to recover to settle at $462.80 on Wednesday. A correction […] Read more
Prairie spring wheat bids slide lower
Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as the firmer Canadian dollar and losses in U.S. wheat futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $4-$6 per tonne over the week, according to price quotes from a cross-section […] Read more
StatsCan stocks report to add piece to supply/demand puzzle
Reading Time: 3 minutes CNS Canada — The supply/demand balance sheets for Canada’s wheat, barley and canola crops will likely see some adjustments after Statistics Canada’s stocks report is released Thursday. The report on grain and oilseed stocks as of Dec. 31, 2015 will provide a better indication of feed usage to date, while also helping confirm the official […] Read more
Firm loonie cuts into Prairie spring wheat bids
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as continued strength in the Canadian dollar more than countered any support from advances in U.S. futures. Average Canada Western Red Spring (CWRS) wheat prices were down by $3 to $5 per tonne over the week, according to […] Read more
Baltic Dry Index trolls new depths, again
Reading Time: < 1 minute CNS Canada — The ocean floor remains one of the few unexplored mysteries of the world — but commodity shippers are now exploring how much lower the floor can go for the cost of ocean freight. The Baltic Dry Index (BDI) was quoted at 325 points on Thursday, marking a new low since records began […] Read more
Prairie spring wheat bids dip as loonie rises
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as volatile activity in the Canadian dollar caused basis levels to soften. Average Canada Western Red Spring (CWRS) wheat prices were down by $3-$6 per tonne over the week, according to price quotes from a cross-section of delivery […] Read more
Feed barley market steady, gains expected in spring
Reading Time: < 1 minute CNS Canada — The feed barley market is holding relatively steady in Alberta early in the New Year, but advances are expected looking ahead to the spring. “There has been a fair bit of selling (over the past few weeks) but that hasn’t really pressured prices down any further,” said Jared Seitz of grain brokerage […] Read more
A message from April Stewart, Country Guide's Associate Editor
