Reading Time: 2 minutes CNS Canada — U.S. wheat futures have run into some resistance after posting solid gains recently, and could see some more consolidation in the short term. However, there are still a number of supportive factors at play in the wheat market, according to an analyst. “The rally has really slowed down, and we’ve reversed from […] Read more
U.S. wheat futures consolidate, but more strength possible
Prairie spring 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 strengthening U.S. futures provided support. In Manitoba, the average CWRS price rose to $234 per tonne, from $223 the previous week. Similar gains were noted across the rest of the Prairies, with average prices […] Read more
ICE weekly outlook: Canola mixed, watching beans
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with losses in the front months and a firmer tone in some of the more deferred positions. The most active January contract lost $5.40 per tonne during the week, while the March contract was only down 40 cents. As a […] Read more
Prairie spring wheat bids soften
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Friday, as basis levels held reasonably steady and prices drifted down with the U.S. futures. In Manitoba, the average CWRS price declined to $223 per tonne, from $234 the previous week. Similar declines were noted across […] Read more
Strong durum market starting to show signs of faltering
Reading Time: 2 minutes Commodity News Service Canada — It’s a well known sentiment in the grain markets that ‘the best cure for high prices is high prices,’ and that is starting to show signs of proving true in the Western Canadian durum market. Durum bids in the $10 to $11 per bushel range can currently be found in […] Read more
Canola rangebound, but nearby bias up
Reading Time: 2 minutes Commodity News Service Canada — ICE Futures Canada canola contracts moved up and down during the week ended November 5, but finished mixed overall with gains in the front months and losses in the more deferred positions. While the market appears rangebound for the time being, the nearby contracts still have some more room to […] Read more
Harvest pressure on confectionery sunflowers
Reading Time: < 1 minute Commodity News Service Canada — The Manitoba sunflower harvest is progressing nicely, which is weighing on confectionery bids despite some quality concerns. “The sunflowers are still coming off… but there shouldn’t be much left by mid-November,” said Mike Durand, of Nestibo Agra in Deloraine, Manitoba. He said both yields and quality were variable, with the […] Read more
Cheap grain could shore up any Man. forage shortages
Reading Time: 2 minutes CNS Canada — Excessive moisture in some parts of Manitoba over the past few months has led to localized forage shortages heading into the winter. However, ample feed grain supplies are expected to help supplement any lack of forages. Manitoba’s Interlake region was particularly hard hit by moisture in 2014. Water levels on both Lake […] Read more
Upside likely limited for rising feed barley market
Reading Time: 2 minutes CNS Canada — Feed barley prices in Western Canada have shown some strength over the past month, but will need outside support to continue to move higher. Barley prices at Lethbridge, Alta. have moved off their harvest lows of $160 per tonne a month ago, to current levels around $180 per tonne, said Jim Beusekom […] Read more
Harvest pressure looms for corn, soybean futures
Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) moved higher during the week ended Wednesday, as rainfall over parts of the U.S. Midwest caused harvest delays. “The lows were put in at the beginning of October, and we’ve seen a nice rally off of that,” said market analyst Bryan […] Read more
A message from April Stewart, Country Guide's Associate Editor
