Reading Time: < 1 minute CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPRS) continued their downward slide during the week ended Monday, as losses in the U.S. wheat futures weighed on values for the fourth straight week. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and […] Read more
Spring wheat bids decline for fourth straight week
ICE weekly outlook: Canola down, despite weather
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts dropped sharply in the most active months during the week ended Wednesday, as a selloff in the U.S. soy complex spilled over to weigh on values. Expectations for continued weakness in soybeans should remain bearish for canola overall, but mounting weather concerns across the Prairies will help […] Read more
Large lentil crop facing weather concerns
Reading Time: 2 minutes CNS Canada — Canadian farmers planted the most lentils in five years in 2014 — but quality issues are already starting to emerge that could underpin prices going forward, according to a market analyst. Updated acreage estimates from Statistics Canada, released Friday, pegged lentil area in the country at 3.24 million acres, which was up […] Read more
Declining U.S. DDGs still too expensive for Canada
Reading Time: 2 minutes CNS Canada — A move by China to restrict imports of corn-based distillers dried grains (DDGs) from the U.S. has cut into prices for the ethanol byproduct — but levels are still not cheap enough to see much of an increase in Canadian demand. While Canada was once the go-to destination for DDGs from the […] Read more
ICE weekly outlook: Canola down, but watching weather
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, with the biggest losses in the new-crop months as the July/November spread moved back to an inverse. “That spread is not going to be at carrying charges again until the producer sells it, and if he doesn’t sell in June… […] Read more
ICE barley trades for first time in six months
Reading Time: 2 minutes CNS Canada –– The long-dormant barley contracts on the ICE Futures Canada platform saw a glimmer of life on Tuesday as buyers and sellers met up to make some actual trades for the first time in six months. Five October 2014 barley contracts changed hands at $125 per tonne, with commercial entities likely behind the […] Read more
Prairie wheat bids edge up with futures
Reading Time: < 1 minute CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat edged higher during the week ended Monday, as U.S. futures saw a corrective bounce off nearby lows. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta on Monday came in at […] Read more
Chicago wheat futures drop to fill chart gap
Reading Time: 2 minutes CNS Canada — U.S. wheat futures posted some big gains over the past three months, but now find themselves right back where they started and could be due for more weakness as the futures have filled a gap on the charts. CBOT wheat futures gapped higher on March 3, as Russian troops entered Crimea and […] Read more
CBOT soybeans, corn becoming weather markets
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower during the week ended Wednesday, with good crop prospects across the Midwest weighing on values. With the U.S. corn crop 95 per cent seeded as of Sunday, and over three-quarters of intended soybean acres in the ground, attention in both […] Read more
Thunder Bay grain shipments up sharply
Reading Time: 2 minutes CNS Canada — The Port of Thunder Bay has completed its busiest month in over a decade, moving over 1.5 million tonnes of cargo in May as the late start to this year’s season had shippers playing catch-up. Grain shipments accounted for the bulk of the activity in Thunder Bay, with 1.318 million tonnes shipped […] Read more
A message from April Stewart, Country Guide's Associate Editor
