Reading Time: < 1 minute CNS Canada — Spring road bans are starting to be put into place across Western Canada as temperatures warm up in the Prairie provinces. The annual restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage heavier loads can cause during the spring thaw period. Grain and […] Read more
Spring load limits to slow grain movement on Prairie roads
ICE weekly outlook: Canola runs into resistance
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts hit their highest levels in seven months during the week ended Wednesday, but ran into resistance to the upside and posted small losses in most months on a week-by-week basis. The nearby March contract was down sharply on the week, as traders exited the front month and […] Read more
Soybeans’ potential seen growing on Prairies
Reading Time: 2 minutes Winnipeg | CNS Canada — Soybean acres in Canada — particularly Western Canada — are expected to be on the rise, according to an analyst. “I’m basing that on new varieties as well as price,” Chris Beckman, oilseeds analyst for the grains and oilseeds division of Agriculture and Agri-Food Canada, told the annual Wild Oats […] Read more
Low stocks-to-use ratio to keep pea bids well supported
Reading Time: 2 minutes Winnipeg | CNS Canada — Canadian pea exports have been running at a very solid pace during the 2014-15 crop year to date, but supplies are seen to be running out and the market will need to work to ration demand over the later portion of the marketing year. Canadian peas have been leaving the […] Read more
Inelastic demand to keep mustard well supported
Reading Time: < 1 minute Winnipeg | CNS Canada –– The inelastic demand for Canada’s mustard crop is expected to keep prices well supported, as the country is the major world supplier and end-users need to make sure the acres keep going in the ground. “There’s no substitute for mustard,” Walter Dyck of Olds Products told the annual Wild Oats […] Read more
Prairie CWRS wheat bids drop with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat across the Prairies moved lower during the week ended Friday, taking most of their direction from a downturn in U.S. futures. Average CWRS prices lost about $9-$10 per tonne, with prices ranging from about $201 per tonne in north-central Saskatchewan to $220 per […] Read more
Time running out for high durum prices
Reading Time: < 1 minute CNS Canada –– Good-quality durum has enjoyed large premiums over other wheat classes this past year, but opportunities for any unpriced durum still left to sell may be getting harder to find, as attention turns to large global new-crop projections. Durum prices today are topping out at about $9.75 per bushel in Saskatchewan, according to […] Read more
CWRS wheat bids rise with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat across the Prairies generally moved higher during the week ended Friday. Average CWRS prices gained about $7-$9 per tonne, with prices ranging from about $210 per tonne in north-central Saskatchewan to $228 in Manitoba, according to bids from a cross-section of delivery points […] Read more
Ukraine ceasefire may, or may not, weigh on wheat
Reading Time: 2 minutes CNS Canada –– A tentative ceasefire in eastern Ukraine could lead to adjustments in the global grain markets, with softening wheat prices a possibility. Conflict in eastern Ukraine has been an underlying factor in grains and oilseeds markets over the past year, with the uncertainty of the situation providing both bearish and bullish incentives for […] Read more
Chickpea prices subdued, bounce unlikely in short term
Reading Time: 2 minutes CNS Canada –– Weather issues in India have generated some rumblings in the international chickpea market recently, but prices remain subdued in Western Canada and aren’t expected to see any significant strength in the near term. “The chickpea market is still being dominated by very cheap Russian and Argentine supplies,” said Colin Young of Midwest […] Read more
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