Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts moved lower in sympathy with CBOT soybeans during the week ended Wednesday, and could have more room to the downside as the Canadian oilseed remains overpriced compared to its U.S. counterpart. The canola premium compared to soybeans is the same now as earlier in the summer, when […] Read more
ICE weekly outlook: Canola looking overpriced
Man. sunflower harvest set to start
Reading Time: < 1 minute CNS Canada — Manitoba farmers will soon be harvesting this year’s sunflower crop, and early expectations look good despite some areas of concern. There are certain areas of the province where the sunflowers are starting to break down due to disease or weather issues, said Anastasia Kubinec, an oilseed specialist with Manitoba Agriculture, Food and […] Read more
Prairie wheat bids climb higher
Reading Time: 3 minutes CNS Canada — Cash wheat bids across Western Canada posted solid gains during the week ended Friday, as U.S. futures recovered from their five-year lows and Canadian basis levels showed some improvement. Average Canada Western Red Spring (CWRS) wheat prices were up by C$9 to $13 per tonne across the three Prairie provinces, according to […] Read more
Feed barley looking bearish
Reading Time: < 1 minute CNS Canada –– Seasonal harvest pressure is starting to weigh on feed grains in Western Canada, while quality downgrades to crops still on the field may put further pressure on values going forward. “There are quite a few bearish indicators out there,” said Kyle Sinclair, of CorNine Commodities at Lacombe, Alta. For starters, early yield […] Read more
ICE weekly outlook: Canola weak, but finding support
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts posted losses in most months during the week ended Wednesday, though the market uncovered some support to the downside and finds itself well off its nearby lows. The larger-than-expected old-crop stocks uncovered by Statistics Canada in its September 3 report remain a bearish influence overhanging the market. […] Read more
Canola charts pointed lower
Reading Time: < 1 minute CNS Canada — ICE canola futures have posted large losses over the past week, but chart signals are still overwhelmingly bearish, with at least another $10 to go before the November contract should find support. November canola settled at $454.50 per tonne on Friday, down by over $20 from the previous week. However, trend lines […] Read more
Cash wheat prices move lower across Prairies
Reading Time: 3 minutes CNS Canada –– Cash wheat bids across Western Canada edged lower during the week ended Friday, as basis levels held relatively steady and the continued slide in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by roughly C$2 per tonne across the three Prairie provinces, according to price […] Read more
CWRS bids down, CPSR bids up across Prairies
Reading Time: 3 minutes CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were steady to slightly lower during the week ended Friday, while Canada Prairie Spring Red (CPSR) bids posted small gains. Average CWRS prices were down by C$1-$4 per tonne across the three Prairie provinces, according to price quotes from a cross-section […] Read more
‘Megatrends’ expected to move ag sector in future
Reading Time: 2 minutes CNS Canada — Health-conscious customers with money to spend will be looking to purchase more food over the next 20 years, while changing technologies and global economic uncertainty will bring their own challenges. That’s the outlook in a recent report out of Australia, highlighting five megatrends expected to impact the agricultural sector in the coming […] Read more
High protein, high yields seen in early malt barley
Reading Time: < 1 minute CNS Canada –– High protein levels could prove a challenge for Canadian maltsters this year, but the quality of the country’s malt barley crop is generally looking better than had been expected as harvest activity starts up across the Prairies, according to a broker. “Everything is high, high, high; high yields, high plump, high bushel […] Read more
A message from April Stewart, Country Guide's Associate Editor
