Reading Time: 2 minutes CNS Canada — Saskatchewan farmers are still putting the finishing touches on this year’s chickpea harvest, with quality and calibre the two most important pricing factors to watch going forward. “We’re seeing a wide range of quality — everything from decent to significantly damaged,” said Colin Young of Midwest Investments in Moose Jaw. While green […] Read more
Quality, calibre key for chickpeas going forward
Relative oats strength running into resistance
Reading Time: 2 minutes CNS Canada –– Oats bids in Western Canada are holding steady for the time being, but could be due for a setback given the weak U.S. corn market and declining nearby demand. “My bias is towards oats prices going down in relation to other commodities,” said Ryan McKnight of Linear Grain at Carman, Man. Demand […] Read more
Canaryseed market quiet, but watching Europe
Reading Time: < 1 minute CNS Canada — Saskatchewan’s canaryseed harvest in Saskatchewan is moving along, although with production only up slightly on the year and demand steady for the time being, the market is relatively quiet. European demand, however, could be one supportive influence going forward. Current canaryseed prices range from about 22 to 24 cents per pound, and […] Read more
Shortlines shortchanged in Western Canada
Reading Time: 3 minutes CNS Canada — Western Canada’s shortline railways are getting the short end of the stick as they struggle to meet their own commitments moving grain and other products along their tracks. A backlog of grain on the Prairies over the past winter, linked in part to poor rail movement, prompted the federal government to implement […] Read more
ICE weekly outlook: Canola choppy with outside markets
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts were up and down during the week ended Wednesday, but managed to post gains overall as a weaker Canadian dollar and spillover from the advances in CBOT soybeans provided support. Whether strength in canola will continue remains to be seen. “All of these gyrations of late (in […] Read more
Unknowns keep lentil bids strong
Reading Time: 2 minutes CNS Canada — Lentil bids in Western Canada continue to show strength, but with the size and quality of this year’s crop still very much unknown, the highs may be in for the time being. “I don’t think there is anyone who really knows exactly what’s out there,” said David Newman of Victoria-area pulse trading […] Read more
Tighter supplies of higher-quality durum boosting bids
Reading Time: 2 minutes CNS Canada — Tight European supplies of high-quality durum are boosting North American prices for the grain — but there are also quality issues with the Canadian and U.S. crops limiting how much durum will actually be sold at those stronger prices. “There is a very large durum program to northern Europe this year,” said […] Read more
November canola back above 30-day average
Reading Time: < 1 minute CNS Canada –– A record-large U.S. soybean crop remains a bearish anchor on Canadian canola futures — but recent activity has shifted some technical indicators higher. The November canola contract on ICE Futures Canada has held consistently below the 30-day moving average since May, but finally settled above that line on Monday. The 30-day moving […] Read more
Conservative StatsCan production estimates downplayed
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
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