Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but finished the week well off of their nearby lows as some support was uncovered to the downside. Barring a surprise in Statistics Canada’s planting intentions report, due out Thursday, canola futures are looking rangebound for the time being. Fund […] Read more
ICE weekly outlook: Canola rangebound, watching acreage
Opinions mixed ahead of StatsCan acreage report
Reading Time: 2 minutes CNS Canada –– An early spring and relatively dry fields across much of Western Canada should allow farmers to increase total seeded acreage in 2015, but most analysts only expect minor adjustments on a crop-by-crop basis when Statistics Canada releases its planting intentions report. “StatsCan acreage numbers are always a bit unpredictable… but nobody is […] Read more
Prairie wheat bids slide with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash bids for Canadian wheat were down during the week ended Friday, as losses in the U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $10-$19 per tonne, with bids ranging from $185 per tonne in north-central Saskatchewan to $209 per tonne in Manitoba, according […] Read more
Feed barley likely topping out for now in Alta.
Reading Time: < 1 minute CNS Canada — Feed barley prices have shown some strength over the past month in Alberta, but are likely topping out for now as attention starts to turn to the new crop. Feed barley is now trading at about $217 per tonne for April/May delivery in the key Lethbridge, Alta. feeding area, according to feed […] Read more
Prairie wheat bids drop with U.S. futures
Reading Time: 2 minutes CNS Canada –– Cash bids for Canadian wheat were down during the week ended Friday, as losses in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by C$8-10 per tonne, with bids ranging from $200 per tonne in north-central Saskatchewan to $219 per tonne in Manitoba, according to […] Read more
Prairie hemp acres reaching plateau
Reading Time: 2 minutes CNS Canada — Hemp continues to draw interest as an alternative cropping option in Western Canada, but its slow pace in moving toward deregulation may be limiting the upside acreage potential. Early expectations are for planted area of about 100,000 acres this year, which would be slightly above what was seeded in 2014 and a […] Read more
Dryness being watched in parts of Western Canada
Reading Time: 2 minutes CNS Canada — The snowpack is gone and moisture levels are low across many agricultural areas of Western Canada, which should allow for an early start to spring seeding. However, the lack of moisture could lead to problems down the road if there is no timely precipitation later in the season. While there are no […] Read more
ICE weekly outlook: Rangebound canola could go either way
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola futures moved lower during the week ended Wednesday, but remain stuck in the same wide range they’ve been in for the past month. The technical trend is starting to point lower, but the possibility of a seasonal bounce is also still there. From a chart standpoint, both the […] Read more
Manitoba sunflower acres set to rise
Reading Time: 2 minutes CNS Canada –– An early spring and drier conditions in western Manitoba, together with relatively favourable prices, should lead to an increase in sunflower plantings in the province this year. “Assuming that the southwest won’t be wet this year, we’re expecting that acres will be over 100,000,” said Darcelle Graham, executive director of the National […] Read more
Record Prairie lentil area likely
Reading Time: 2 minutes CNS Canada –– Canadian lentil acres are expected to rise considerably this spring, with most of the increase in red lentils, according to industry participants. While the acres are going up, the opposite is likely in prices. “Everybody is looking for an increase (in lentil acres),” said Darren Lemieux of Simpson Seeds at Moose Jaw, […] Read more