Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with losses in the most active November contract but a slightly firmer tone in the more deferred positions. With harvest pressure only beginning in Western Canada, and the U.S. soy complex looking bearish, the front month will likely keep drifting […] Read more
ICE weekly outlook: More losses in store for canola
Prairie cash wheat bids mixed
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 were mixed. Average CWRS wheat prices were steady to C$3 per tonne lower across the three Prairie provinces, according to price quotes from a cross-section […] Read more
‘Nothing bullish’ in wheat futures
Reading Time: < 1 minute CNS Canada — U.S. wheat futures have moved steadily lower since the beginning of July, and appear poised for more losses as there is little supportive news in the market. “There’s just nothing bullish in the wheat market at the moment,” said Adam Knosalla of Frontier Futures in Minneapolis. He added that “down is the […] Read more
Little upside in oats as futures hit five-year lows
Reading Time: < 1 minute CNS Canada –– Oats futures in Chicago are trading at their lowest levels in five years, and cash bids in Western Canada are also doing little to encourage farmer selling. September oats at the Chicago Board of Trade settled Monday at US$2.2325, the lowest close for the front-month contract since June 2010. Cash bids are […] Read more
Prairie cash wheat bids mixed
Reading Time: 3 minutes CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were mixed during the week ended Friday, with prices edging lower in the eastern Prairies and moving up in Alberta. Average CWRS prices were down by C$2-$4 per tonne in Saskatchewan and Manitoba, but up by C$4-$9 in Alberta, according to […] Read more
ICE weekly outlook: Canola drop may spur fresh demand
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola futures dropped sharply on Wednesday as the market reacted to a surprisingly bearish U.S. Department of Agriculture report and resulting losses in soybeans. While the nearby technical bias has turned bearish, the latest weakness may also serve to uncover some fresh export demand for canola. “It’s a reminder […] Read more
Prairie cash wheat bids edge higher
Reading Time: 3 minutes CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were stronger during the week ended Friday, as basis levels and U.S. futures markets also showed some improvement. Average CWRS wheat prices were up by C$7-$10 per tonne over the week, with bids ranging from about $212 per tonne in the […] Read more
Prairie cash wheat prices down but durum bids up
Average CWRS wheat prices were down by $7 to $12 per tonne over the week
Reading Time: 2 minutes Commodity News Service Canada — Spring wheat cash bids across Western Canada moved lower during the week ended July 17, as losses in the U.S. futures and improving weather conditions in some parts of the Prairies weighed on values. However, durum was the one bright spot from a pricing standpoint, with declining Canadian crop prospects […] Read more
ICE weekly outlook: Canola faces resistance
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts traded within a wide range during the week ended Wednesday, but settled mixed as the market reacted to conflicting outside factors. While the nearby bias has shifted lower in the most active months, ongoing production uncertainty in Western Canada should remain supportive in the long run, according […] Read more
Mystery stocks keeping canary seed from rallying
Reading Time: 2 minutes CNS Canada — When the world needs canary seed, it calls on Saskatchewan, but whether the province will be able to answer this year remains a mystery. Canary seed grown in Saskatchewan accounts for about 70 to 80 per cent of the international trade in the grain used mostly as bird feed, according to Kevin […] Read more
A message from April Stewart, Country Guide's Associate Editor
