Reading Time: < 1 minute CNS Canada –– Fund traders are still holding large long positions in canola, but could be poised to start liquidating some of those positions as prices near key chart support. Funds are sitting on a long position in “the mid-40,000 area”, according to a canola broker. “Further technical weakness would likely bring in some long […] Read more
Long liquidation looms in canola futures
Spring seeding fast approaching in Western Canada
Reading Time: 2 minutes CNS Canada –– An early melt in many areas of Western Canada should allow farmers to get on their fields within the next few weeks, although the uncertainty of spring weather remains a wild card in the background and seeding won’t begin in earnest until late April or May as the fields warm up. Areas […] Read more
State of Prairie winter wheat still unknown
Reading Time: < 1 minute CNS Canada — Snow cover is rapidly disappearing across Western Canada, but it will still be a few weeks until the extent of any damage to winter wheat across the Prairies is fully known. “It’s still wait-and-see,” said analyst Bruce Burnett of Winnipeg grain firm CWB. The crop won’t start re-growing until the overnight temperatures […] Read more
Canola crush margins still solid near $100
Reading Time: < 1 minute CNS Canada — Canola contracts on the ICE Futures Canada platform have traded within a wide range over the past month, but crush margins continue to hover around the $100 mark. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates also […] Read more
CWRS wheat bids edge higher, other classes soften
Reading Time: 3 minutes CNS Canada –– Wheat cash bids across Western Canada saw some minor adjustments during the week ended Friday, with Canada Western Red Spring (CWRS) bids generally showing some improvement while other classes moved lower. Average CWRS wheat prices were steady to as much as $3 per tonne higher during the week, with bids ranging from […] Read more
Fund selling keeps U.S. wheat futures pointed down
Reading Time: < 1 minute CNS Canada –– Chicago wheat futures dropped to fresh contract lows Thursday and have more room to the downside from a chart perspective as speculators continue to add to their short positions, according to a broker. “It’s a momentum trade here with the funds,” said Adam Knosalla, a broker with Frontier Futures in Minneapolis. “They’re […] Read more
Soybeans to see continued growth in Saskatchewan
Reading Time: < 1 minute CNS Canada — Soybeans are a relatively new crop in Saskatchewan, but are generating more traction and are expected to increase their footprint in 2015. Saskatchewan farmers planted 270,000 acres of soybeans in 2014, nearly double the previous year, according to Statistics Canada data. “We’re expecting soybean acres to rise again,” said Carl Potts, executive […] Read more
Fababeans making more inroads on Prairies
Reading Time: 2 minutes CNS Canada — Fababean acres are on the rise in Western Canada, as the crop is seen as a good pulse alternative for producers seeking other options in their rotations. Better disease resistance and ease of harvest have been two selling points for the crop. “We’ve had significant uptake on fababeans,” said Leanne Fischbuch, executive […] Read more
CBOT weekly: Soybeans, corn await next USDA reports
Reading Time: < 1 minute CNS Canada –– Soybean futures at the Chicago Board of Trade (CBOT) moved up and down during the week ended Wednesday, but posted losses on the whole as concerns over a truckers’ strike in Brazil subsided. While large South American crop prospects remain a bearish influence in the background, the market could be due for […] Read more
Prairie wheat bids mixed; CWRS down, CPSR up
Reading Time: 2 minutes CNS Canada — Wheat cash bids across Western Canada only saw some minor adjustments during the week ended Friday, with some classes seeing small gains and other wheat classes down slightly. Average Canada Western Red Spring wheat prices were steady to as much as $3 per tonne lower during the week, with bids ranging from […] Read more
A message from April Stewart, Country Guide's Associate Editor
