Reading Time: 2 minutes CNS Canada — Statistics Canada’s updated production estimates came in Friday at the low end of pre-report trade expectations — but the timing of the survey had most industry watchers second-guessing the numbers as soon as they came out. StatsCan pegged 2014-15 canola production at 14.079 million tonnes, up slightly from the 13.908 million tonnes […] Read more
Conservative StatsCan production estimates downplayed
Flax prices too high, harvest pressure to weigh
Reading Time: 2 minutes CNS Canada –– A late harvest and good nearby demand are keeping flaxseed prices artificially high, but spot bids appear to have room to drop by as much as $2 per bushel or more over the next month. Spot flaxseed bids as high as $12.50 to $13 per bushel can currently be found in Manitoba […] Read more
Trade awaits updated StatsCan production estimates
Reading Time: 2 minutes CNS Canada — Statistics Canada releases updated estimates on the size of the 2014-15 crops on Friday, but the lateness of the harvest in many areas will limit how much stock the industry puts in the numbers at this time. Average trade guesses generally predict a slight increase for most of the major crops compared […] Read more
Late harvest, poor grain prices may limit fall fertilizer demand
Reading Time: 2 minutes CNS Canada — Poor grain prices and a late harvest may limit demand for fertilizer across North America this spring, according to an industry analyst. However, whether farmers will actually purchase less fertilizer remains to be seen, as record-large U.S. crops have also depleted nutrient levels, increasing the need for applications. “That’s the $64 million […] Read more
Big crops keep pressure on CBOT soybeans, corn
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade fell to fresh four-year lows during the week ended Wednesday, and there is still plenty of room to the downside as the harvest pressure builds over the next month. “It will be a long harvest,” said Scott Capinegro, president of Barrington Commodity […] Read more
Calculators needed to make sense of Prairie wheat bids
Reading Time: 2 minutes CNS Canada — Consistent wheat pricing can still be a struggle to find across Western Canada, two years into the new open market. A lack of consistency can make it difficult to compare pricing from one delivery point to the next, leaving farmers uncertain just how much their wheat is worth. While one elevator may […] Read more
U.S. wheat futures pressured by weak French market
Reading Time: < 1 minute CNS Canada — U.S. wheat futures have fallen to four-year lows, but could have more room to the downside as large global supplies and declining world prices weigh on values. In addition to the ample world supply situation, much of the recent weakness in the U.S. wheat market is tied to a “freefall” in the […] Read more
Wheat bids slide with U.S. futures
Reading Time: 2 minutes Average cash bids for Canada Western Red Spring (CWRS) wheat moved down across Western Canada during the week ended Friday, as continued losses in U.S. futures weighed on values. The highest CWRS prices were still available in Manitoba, but average bids in the province declined by $8 from the previous week, coming in at roughly […] Read more
ICE weekly outlook: Canola still pointed lower
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts moved lower during the week ended Wednesday, and could be due for some more weakness as the Canadian harvest picks up and large U.S. soybean production prospects weigh on oilseeds in general. With expectations for a record-large U.S. soybean crop, there has been a dramatic change in […] Read more
Wheat bids down again
Reading Time: 2 minutes CNS Canada — Average bids for Canada Western Red Spring (CWRS) wheat moved down by an average of $2 to $5 per tonne across Western Canada during the week ended Friday, as large global wheat supplies weighed on the North American market. The highest CWRS prices were still available in Manitoba, but average bids in […] Read more
A message from April Stewart, Country Guide's Associate Editor
