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
Prairie cash wheat bids mixed
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
Prairie wheat bids mostly higher with U.S. futures
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
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