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
CWRS wheat bids edge higher, other classes soften
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
Spring load limits to slow grain movement on Prairie roads
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
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