Reading Time: < 1 minute CNS Canada — Mounting dryness concerns in some of the prime durum-growing regions of Western Canada have likely already cut into yield prospects, which should support prices going forward. Canadian farmers intended to plant 5.5 million acres of durum this year, well above the 4.75 million seeded the previous year and the largest crop since […] Read more
Prices to rise as yield prospects drop for durum
Wheat bids climb with U.S. futures
Reading Time: 2 minutes CNS Canada –– Cash bids for Canadian wheat climbed sharply during the week ended Friday, as a rally in U.S. futures pulled bids up across the Prairies. Average Canada Western Red Spring (CWRS) wheat prices were C$12 to $19 per tonne higher, with bids ranging from about $218 per tonne in north-central Saskatchewan to as […] Read more
U.S. canola crop also hurt by frost, likely off early estimates
Reading Time: < 1 minute CNS Canada — Recent frost that forced farmers to reseed canola fields across a large portion of Western Canada also reached into canola-growing regions of the northern U.S., with production likely taking a hit south of the border as well. “We’ve had at least 200,000 acres that have been reseeded, and a small number of […] Read more
ICE weekly outlook: Canola needs more fuel to keep rising
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts climbed sharply higher during the week ended Wednesday, but additional gains will need some more bullish news as the market takes a breather and consolidates. A combination of a rally in CBOT soyoil, a weaker Canadian dollar, fund buying and a weekend frost all contributed to the […] Read more
Frost in weekend forecast for eastern Prairies
Reading Time: < 1 minute CNS Canada –– Freezing temperatures are in forecasts for parts of Manitoba and Saskatchewan over the next 24 hours, which could create more stress for emerging fields as farmers are still busy reseeding after the last frost. Environment Canada is forecasting lows of -1 to -2 C across much of the agricultural regions of Manitoba […] Read more
Tight lentil market watching weather
Reading Time: < 1 minute CNS Canada — Old-crop large green lentils saw a jump in price over the past week, but actual supplies are few and far between, with most market participants turning attention to new-crop opportunities and weather uncertainty across Western Canada’s lentil-growing regions. “The trade is very thin right now,” said analyst Chuck Penner of LeftField Commodity […] Read more
Dry Prairies await timely rains
Reading Time: 2 minutes CNS Canada — Mounting dryness concerns in parts of Alberta and Saskatchewan are raising some concerns over crop development on the Prairies — but timely rains are in the forecast for early June. “The entire southern Prairie region hasn’t received normal rainfall for the last month to two months,” said Trevor Hadwen, an agro-climate specialist […] Read more
Sunflowers off to good start in Manitoba
Reading Time: 2 minutes CNS Canada — Manitoba’s sunflower crop is off to a good start this year, having largely missed out on any damage from adverse weather over the May long weekend. “We had a good early start (to spring seeding) in the eastern part of the province and things went into some nice warm ground,” said Troy […] Read more
Canola crush margins deteriorating
Reading Time: < 1 minute CNS Canada — Canadian canola crush margins continue to drift lower and currently find themselves at some of their worst levels in over a year. Declining demand for canola oil, together with the fact that a lack of farmer selling is forcing processors to pay up to bring in canola seed, was behind some of […] Read more
CBOT weekly outlook: Soy, corn grind lower, watching weather
Reading Time: < 1 minute CNS Canada –– Great spring seeding conditions across much of the U.S. Midwest have weighed on soybean and corn futures at the Chicago Board of Trade — and the nearby bias remains pointed lower, barring a weather scare, according to an analyst. “The good growing conditions will keep (soybeans and corn) grinding lower,” said Terry […] Read more
A message from April Stewart, Country Guide's Associate Editor
