Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, but further gains may be hard to come by without more support from the currency markets. “We’ve been held up here by the weaker Canadian dollar,” said Jerry Klassen, manager of the Canadian office for Swiss-based GAP S.A. Grains and […] Read more
ICE weekly outlook: Canola watching currency markets
Bigger crops anticipated ahead of StatsCan report
Reading Time: 2 minutes CNS Canada –– Canada’s harvest ended up better than expected in 2015-16, with upward revisions expected for the country’s wheat and canola production when Statistics Canada releases its latest survey data Friday. “It turns out that the crop didn’t suffer as much in Alberta and Saskatchewan,” said Jerry Klassen, manager of the Canadian office for […] Read more
Low ocean freight rates likely to stick around
Reading Time: 3 minutes CNS Canada –– Ocean freight rates are at some of their lowest levels ever and will likely stay that way for at least the next two years, according to an industry analyst. “We’re near hitting bottom, but just because we hit bottom it doesn’t mean we won’t scrape along it for awhile,” said Jay O’Neil, […] Read more
CBOT weekly outlook: Corn, soy seek direction
Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, but both commodities remain rangebound overall and looking for an outside spark to push values significantly one way or the other. January soybeans moved above their 20-day moving average on Wednesday, which triggered some additional […] Read more
Prairie spring wheat bids firm
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada generally saw some improvement during the week ended Friday, as basis levels saw some improvements at many locations. Average Canada Western Red Spring (CWRS) wheat prices were steady to up by as much as C$3 per tonne during the week, according to price quotes from […] Read more
ICE weekly outlook: Nearby canola trending lower
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with the nearby January contract hitting its weakest levels in two months, but the more deferred positions seeing some relative strength as the intermonth spreads saw some adjustment. Traders increased their net short positions in the front month from about […] Read more
Prairie wheat bids mixed
Reading Time: 2 minutes CNS Canada — Cash wheat bids across Western Canada saw some minor adjustments over the week ended Friday, with the general trend seeing strengthening bids in the eastern Prairies and a softer tone in parts of Alberta. Average Canada Western Red Spring (CWRS) wheat prices saw only minor revisions on the week, rising by as […] Read more
Cereals North America: Communication key to improved grain transportation
Reading Time: 2 minutes Winnipeg | CNS Canada –– Canada’s grain transportation system is running relatively smoothly for the time being, but there is still plenty of room for improvement — and better communication between participants is seen as a way to alleviate future bottlenecks. The 2013-14 crop year, with its logistical challenges and, eventually, federal government intervention, are […] Read more
Cereals North America: Shift to La Nina may hurt yields
Reading Time: 2 minutes Winnipeg | CNS Canada –– El Nino weather patterns are typically beneficial to North American grain yields, but cut into the production prospects of key Eastern Hemisphere demand markets, according to presenters at this week’s Cereals North America conference. However, an expected shift toward La Nina conditions by late 2016 could see North American grain yields […] Read more
ICE Canada Weekly Outlook: Canola Stuck In Sideways Range
Reading Time: < 1 minute Winnipeg/Commodity News Service Canada – ICE Futures Canada canola contracts moved higher during the week ended November 4, bouncing off of nearby support levels. However, the market remains range-bound overall with little to indicate a break outside of that range. “These are just choppy markets,” said Ken Ball, of PI Financial in Winnipeg pointing to […] Read more