Reading Time: 2 minutes CNS Canada — After record ice levels kept shipping lanes on the Great Lakes closed longer than normal during the 2013-14 winter, a return to more normal ice conditions is in the forecasts for 2014-15, according to data compiled by the North American Ice Service and released Wednesday. “Right now, we’re looking at a near-normal […] Read more
Return to ‘normal’ ice conditions expected for Great Lakes
ICE weekly outlook: Canola looking bearish with soybeans
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, as bearish technical signals, declines in the outside crude oil market and losses in CBOT soybeans weighed on values. While a short-covering correction is possible in the near-term, the longer-term direction will continue to be dictated by soybeans. The nearby […] Read more
Upward revisions expected in StatsCan report
Reading Time: 2 minutes CNS Canada –– Canada’s major agricultural crops likely yielded a bit better than earlier estimates, and most industry participants anticipate Statistics Canada’s production numbers will be revised higher in a report due out Thursday. However, the extent of those adjustments could be limited. “The (production) numbers will probably go up for all commodities… wheat, durum, […] Read more
CWRS wheat bids rise with U.S. futures
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved higher during the week ended Friday, as a rally in the U.S. futures provided some support. In Manitoba, the average CWRS price rose to $236 per tonne, from $232 per tonne the previous week. Average gains of $5 to $10 per […] Read more
Hidden stocks keep canaryseed rangebound
Reading Time: 2 minutes CNS Canada –– The visible supply-and-demand fundamentals for canaryseed in Western Canada may appear tight — but actual price activity may say otherwise. Canada’s 2014 canaryseed crop was estimated at 138,800 tonnes by Statistics Canada in its October report, which compares with the 131,000 tonnes grown in 2013. The government agency has not released recent […] Read more
Oats prices drop to two-and-a-half-year lows
Reading Time: 2 minutes CNS Canada –– Oats prices at the Chicago Board of Trade dropped to their weakest levels in two-and-a-half years over the past week, and cash bids in Western Canada have followed suit. While the largely speculative price drop could bring in more bargain-hunting demand, both end-users and farmers have moved to the sidelines for the […] Read more
CWRS wheat bids edge down in Western Canada
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Friday, with adjustments to basis levels behind much of the declines. In Manitoba, the average CWRS price declined to $232 per tonne, from $234 the previous week. Similar losses were noted across the rest of the […] Read more
Steadier demand sought in China for Canadian canola
Reading Time: 2 minutes CNS Canada — Chinese demand for Canada’s canola and canola oil remains a key driver for the Canadian industry — but China has been an inconsistent customer in the past, which makes developing ongoing relationships important. China in 2013-14 imported 3.9 million tonnes of Canadian canola, accounting for almost half of Canada’s total exports during […] Read more
Ceiling still far off for rising feed barley market
Reading Time: < 1 minute CNS Canada — Feed barley prices in Western Canada have climbed steadily higher over the past few months and have more room to go, before strong prices inevitably make U.S. corn imports more attractive. “The feed barley market is hot,” said Jerry Klassen, manager for Swiss-based GAP SA Grains and Products in Winnipeg. Aadverse weather […] Read more
CBOT soy, corn retreating with harvest pressure
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower during the week ended Wednesday, retreating from the nearby highs hit the previous week as increased farmer and speculative selling weighed on values. Both soybeans and corn hit three-month highs last Wednesday (Nov. 12) before turning lower in subsequent days. […] Read more
A message from April Stewart, Country Guide's Associate Editor
