Reading Time: 2 minutes CNS Canada — Adverse weather conditions over the past month, including snow in Alberta and untimely rains in many other regions of the Prairies, are expected to lead to quality downgrades in Canada’s wheat crop. While a greater percentage of the wheat in the country will likely go to feed than normal, Canada is unlikely […] Read more
Bigger feed wheat supplies to stay put for now
Winter comes early to Alta., crop downgrades likely
Reading Time: < 1 minute CNS Canada — There may technically still be two more weeks of summer on the calendar, but winter weather has hit Alberta already and is raising quality concerns for unharvested crops in the province. Widespread snowfall and temperatures near the freezing mark were being reported Monday across the province. The winter weather is expected to […] Read more
Prairie wheat bids follow U.S. futures lower
Reading Time: 2 minutes CNS Canada — Bids for Canada Western Red Spring (CWRS) at moved down at most locations across Western Canada during the week ended Friday, despite mounting weather-related concerns across the Prairies, as losses in U.S. futures weighed on prices. The highest CWRS prices were still available in Manitoba, but average bids in the province declined […] Read more
Fund traders adding to canola shorts
Reading Time: < 1 minute CNS Canada — The fund short position in ICE Futures Canada canola continues to grow, but market participants believe it may get larger still before those speculators turn around and book profits. Back in mid-July, the fund short position was already considered large, at over 20,000 contracts. Speculators have steadily added to that position over […] Read more
Lentil crop quality a concern
Reading Time: 2 minutes CNS Canada — Top-end Canadian lentils may be hard to find this year, as wet weather and the late harvest are expected to lead to quality downgrades. The lentil harvest in Saskatchewan, where the bulk of Canada’s crop is grown, is only about 23 per cent complete, according to the latest weekly report from Saskatchewan […] Read more
ICE weekly outlook: Canola drifting down with soybeans
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts held rangebound during the week ended Wednesday, although the bias remains pointed lower in the most active contracts, as a bearish outlook for the U.S. soybean market is expected to overpower any supportive news for canola. “The worldwide market isn’t paying attention to the emerging Canadian production […] Read more
Prairie wheat bids hold steady
Reading Time: 2 minutes CNS Canada — Average bids for Canada Western Red Spring (CWRS) wheat across Western Canada held relatively steady during the week ended Friday, with slight improvements in basis levels generally compensating for declines in the U.S. futures, according to average prices quoted from a cross-section of Prairie elevators. CWRS bids remain the strongest in Manitoba, […] Read more
European quality issues support Prairie durum bids
Reading Time: 2 minutes CNS Canada — Durum bids in Western Canada are showing strength relative to other wheat classes, with premiums for higher-quality supplies expected to remain in place or widen as the industry awaits Canada’s crop. Canada’s 2014-15 durum crop is estimated at 4.9 million tonnes by Statistics Canada, which compares with 6.5 million the previous year. […] Read more
StatsCan confirms small crops, but reaction subdued
Reading Time: 2 minutes CNS Canada — Canada’s grain and oilseed production will be much smaller than the record crops of 2013-14, according to survey results Statistics Canada released Thursday — but a lack of reaction in futures markets was seen as a sign that the trade is already looking beyond the report. “All of the numbers came in […] Read more
Further losses likely for falling spring wheat futures
Reading Time: < 1 minute CNS Canada — Spring wheat futures at the Minneapolis Grain Exchange hit fresh contract lows over the past week, and are seen as likely to have more room to the downside as North America’s spring wheat harvest is just getting started. However, the Chicago and Kansas City winter wheat contracts are due for a post-harvest […] Read more
A message from April Stewart, Country Guide's Associate Editor
