Reading Time: 3 minutes CNS Canada — Cash bids for western Canadian wheat were mostly higher during the week ended Friday, with gains in U.S. futures providing some support. Average Canada Western Red Spring (CWRS) wheat prices were anywhere from C$2 per tonne lower to as much as $10 per tonne higher, with bids ranging from about $231 per […] Read more
Prairie wheat bids mostly higher with U.S. futures
U.S. wheat futures seen stalling
Reading Time: < 1 minute CNS Canada –– U.S. wheat futures posted solid gains over the month of June but appear to be stalling out in the early days of July as the market looks for more fresh supportive news. “The bull needs to be fed every day, and right now it’s not getting anything to keep it going,” said […] Read more
Yields to take precedence over acres in Canada
Reading Time: 3 minutes CNS Canada –– Canadian farmers seeded a bit more canola and a bit less wheat than originally expected, according to updated acreage estimates from Statistics Canada, released Tuesday. However, worsening drought conditions in the western Prairies over the past month and the need for reseeding due to frost damage earlier in June mean actual yields […] Read more
Questions abound ahead of StatsCan acreage report
Reading Time: 2 minutes CNS Canada — Statistics Canada will release its updated acreage estimates for the year on Tuesday, but the timing of the survey could lead to more questions and second-guessing than normal given the likely adjustments and yield losses over the past month. The survey was conducted before a drought took hold in Alberta and Saskatchewan, […] Read more
ICE weekly outlook: Weather key to canola market
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts climbed to their highest levels in two years during the week ended Wednesday, with mounting weather concerns across the Prairies the key driver in the market. “This thing will keep going until we get some rain,” said Jerry Klassen, manager of GAP S.A. Grains and Produits in […] Read more
Canola crush margins keep dropping
Reading Time: 2 minutes CNS Canada — Canola crush margins remain in free-fall as canola seed becomes more and more expensive relative to the product values. “They’re not deteriorating, they’re flat-out disintegrating,” said a canola trader, pointing to the $20 drop over the past week alone. Crush levels have only been lower than they are now a couple times […] Read more
Prairies’ dry fields good, if you’re a grasshopper
Reading Time: 2 minutes CNS Canada –– Dry conditions causing production concerns across large areas of Alberta and Saskatchewan are certainly bad for the crops, but the weather could prove ideal for grasshoppers. Grasshopper forecast maps put out over the winter were not initially all that bad for Alberta and Saskatchewan, given the conditions in 2014, but weather in […] Read more
Canola crush margins deteriorating
Reading Time: < 1 minute CNS Canada — Canola crush margins continue to deteriorate in Canada, and will likely get worse before they get better. Canola margins hit some of their worst levels “in three to five years” during Monday’s trading session, according to a trader. While the margins were off those lows by the close, he said the longer-term […] Read more
U.S. trans fat ban creates opportunities for canola
Reading Time: 3 minutes CNS Canada — A move by the U.S. Food and Drug Administration to ban artificial trans fats in processed foods within three years will create opportunities for Canada’s canola sector, especially high oleic varieties such as Nexera. Partially hydrogenated oils (PHOs), which are the primary source of artificial trans fat in processed foods, are not […] Read more
Prairie wheat bids down with U.S. futures, rising loonie
Reading Time: 3 minutes CNS Canada — Cash bids for Canadian wheat dropped during the week ended Friday, as the combination of a rising Canadian dollar and dropping U.S. futures weighed on prices across the Prairies. Average Canada Western Red Spring (CWRS) wheat prices were C$12-$16 per tonne lower, with bids ranging from about $204 per tonne in north-central […] Read more
A message from April Stewart, Country Guide's Associate Editor
