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
Inelastic demand to keep mustard well supported
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
Bulk shipping cost index sinks to 30-year lows
Reading Time: 2 minutes CNS Canada –– The Baltic Dry Index, which tracks global bulk shipping rates, has fallen to its lowest levels in 30 years, which should make North American grains and oilseeds more competitive in the international market. The index (BDI) was quoted Monday at 554 points, the lowest reading since records start in 1985. The index […] Read more
Nearby lows likely in for wheat futures
Reading Time: < 1 minute CNS Canada — All three U.S. wheat futures markets have seen a sizeable corrective bounce after hitting their lowest levels in months to start the week — and could be due for some more strength heading into the spring, a U.S. analyst says. “I’d like to think that the lows are in for the short […] Read more
ICE weekly outlook: Canola ‘reasonably balanced’
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, but remain rangebound overall with offsetting market factors expected to keep values steady in the short term. “The market seems, at least temporarily, reasonably balanced,” said Jon Driedger of FarmLink Marketing Solutions. “It’s that window of the year where there’s […] Read more
Prairie CWRS bids weaken slightly
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat generally moved lower during the week ended Friday. Average CWRS prices lost about C$1-$4 per tonne, with prices ranging from about $197 per tonne in north-central Saskatchewan to $216 per tonne in Manitoba, according to bids from a cross-section of delivery points […] Read more