Reading Time: 2 minutes CNS Canada — Flaxseed prices remain strong in Western Canada, but that strength is relative and there are more bearish than bullish factors in the background which should weigh on values over the next few months. Spot flaxseed bids can currently be found in the $13-plus per bushel area, while new-crop is in the $11 […] Read more
More downside than upside for Prairie flaxseed bids
Prairie CWRS bids ease with U.S. futures, CPSR up
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat deteriorated slightly during the week ended Friday, with losses in U.S. futures weighing on values. However, most other classes of wheat saw a slight improvement, as basis levels narrowed in. Average CWRS prices were generally down by about C$1 to $2 per […] Read more
ICE weekly: Canola strength may be limited
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with the most active front months posting gains and losses in the more deferred positions. While there is still more room to the upside, weakness in CBOT soybeans could spill over to pull the Canadian futures down. The open interest […] Read more
Declining wheat futures watch corn for further direction
Reading Time: 2 minutes CNS Canada — U.S. wheat futures have posted large losses over the past three weeks, but will be watching corn to provide some further direction in the near future, according to a wheat broker. The U.S. Department of Agriculture releases a number of closely watched reports on Monday (Jan. 12), including winter wheat seedings, quarterly […] Read more
Canola crush margins holding steady near $100
Reading Time: < 1 minute CNS Canada — Canola crush margins in Western Canada may be well off the highs seen last winter but are still very profitable for domestic processors as they hover around $100 per tonne above the futures. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing […] Read more
Peas back at historical spreads in Western Canada
Reading Time: 2 minutes CNS Canada — After two years of an abnormally large price spread between green and yellow peas in Western Canada, the relationship between the two crops is nearer normal levels. The yellow pea market has moved up a little in recent weeks, but the green market “is not that interesting,” said David Newman of Commodius […] Read more
Prairie CWRS bids ease with U.S. futures
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat deteriorated slightly during the week ended Friday, as losses in the US futures weighed on values. CWRS prices were $2-$5 per tonne lower across the three Prairie provinces, with average values ranging from about $205 per tonne in north-central Saskatchewan to $219 […] Read more
Canola running into chart resistance
Reading Time: < 1 minute Commodity News Service Canada — ICE Futures Canada canola contracts hit some of their best levels since August on Dec. 23, but ran into resistance to the upside to settle with small losses. The nearby trend remains pointed higher overall, but the lack of liquidity over the Christmas and New Year’s holiday season could lead […] Read more
Durum prices relatively steady
Reading Time: < 1 minute Commodity News Service Canada — The volatility in the global wheat markets in recent weeks has largely bypassed durum, which has seen its premiums over hard red spring wheat erode slightly in Western Canada. “Durum does what it wants, when it wants,” said a Saskatchewan-based durum broker, noting that the recent strength in Canada Western […] Read more
Tighter special crops stocks: Ag Canada
Reading Time: < 1 minute Commodity News Service Canada — Canadian pulse and special crop ending stocks are forecast to be slightly tighter than earlier estimates, according to updated supply/demand tables released by Agriculture and Agri-Food Canada’s Market Analysis Division late Friday, December 19. Ag Canada pegged 2014/15 specialty crop ending stocks at 345,000 tonnes, which compares with the November […] Read more
A message from April Stewart, Country Guide's Associate Editor
