Reading Time: 2 minutes CNS Canada — The canaryseed market may be very slow in Western Canada, but acres are still expected to rise in 2015, according to an industry official. “The canary market is relatively quiet,” said David Nobbs, president of the Canaryseed Development Commission of Saskatchewan and director of operations with CanPulse foods in Kindersley, Sask. Activity […] Read more
Canaryseed slow to move, but still pencils out in many areas
Oats market cold in Western Canada
Reading Time: 2 minutes CNS Canada –– The oats market in Western Canada has gone cold, with little heat expected until closer to spring seeding. “The basis is the thermometer, and right now oats are getting cold,” said Ryan McKnight of Linear Grain at Carman, Man., noting basis levels were generally fading. “We’re just not seeing much demand for […] Read more
More room off lows seen for U.S. wheat futures
Reading Time: 2 minutes CNS Canada –– U.S. wheat futures have trended higher over the past few weeks and still have some more room to the upside, as weather concerns for the country’s winter wheat crop and the need to bring acres to spring wheat should provide some support, according to an analyst. Given the declining U.S. crop conditions […] Read more
Wheat bids on Prairies rise with U.S. futures
Reading Time: 2 minutes CNS Canada –– Wheat cash bids across Western Canada moved higher in most classes during the week ended Friday, with gains in U.S. futures behind much of the strength. Average Canada Western Red Spring (CWRS) wheat prices were steady to up by as much as $8 per tonne during the week, with bids ranging from […] Read more
New Alta. canola crush capacity online soon
Reading Time: < 1 minute CNS Canada –– A new crushing plant Cargill is building at Camrose, Alta. will soon provide another outlet for Prairie canola, as the company is set to take delivery from farmers starting Tuesday. The facility, first announced in 2012, will be able to crush 2,500 tonnes of canola per day when operating at capacity. The […] Read more
ICE weekly outlook: Canola rangebound, for now
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola futures moved lower during the week ended Wednesday, but managed to find some support to the downside and are looking rangebound overall. Canola is still looking firm relative to Chicago (CBOT) soybeans, said broker Ken Ball of PI Financial in Winnipeg. While solid commercial demand was one supportive […] Read more
Long liquidation looms in canola futures
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
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