Reading Time: < 1 minute CNS Canada — All three U.S. wheat futures markets have posted good gains in recent weeks, after touching contract lows at the end of January. With improvements of 80 cents to a dollar per bushel off of the lows for Minneapolis, Kansas City and Chicago futures, wheat is now in neutral territory from both a […] Read more
U.S. wheat futures entering neutral territory
Lentil business slow for now, but more acres likely
Reading Time: 2 minutes CNS Canada –– Lentil acres are poised for a slight increase in Canada this spring, with some area likely shifting from green into red varieties. However, ongoing logistics issues across Western Canada are putting some pressure on nearby values. Canadian farmers planted 2.39 million acres of lentils in 2013, growing a 1.88 million-tonne crop, according […] Read more
Good demand for Canadian canola just across border
Reading Time: 2 minutes CNS Canada — Logistics issues and resulting poor prices continue to cause problems for Prairie farmers with canola to sell — but better values can be found just across the U.S. border. Northstar Agri Industries runs a canola crusher at Hallock, Minn. — about 40 km southeast of the Canadian border crossing at Emerson, Man. […] Read more
ICE weekly outlook: More downside possible for canola
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in over three and a half years during the week ended Wednesday, as speculative selling was met with only scale-down end-user pricing. While canola is oversold and due for a correction, further losses are still likely. “Speculators are massively short in canola,” […] Read more
Edible beans set for increased Man. acres
Reading Time: < 1 minute CNS Canada — Relatively favourable prices should see more acres seeded to edible beans in Manitoba this spring, according to market participants. After seeding only about 94,000 acres of edible beans (white and coloured combined) in 2013, early indications are pointing to area in the 120,000- to 130,000-acre rage, depending on the spring weather, said […] Read more
CBOT soybeans at a crossroads, awaiting South American crops
Reading Time: < 1 minute CNS Canada — Soybean futures at the Chicago Board of Trade moved higher during the week ending Feb. 5, but the market now finds itself at a bit of a crossroads. Tightening old-crop supplies and good export demand continue to provide support for the front months, but big production prospects out of South America mean […] Read more
U.S. wheat futures correct higher
Reading Time: 2 minutes CNS Canada — All three U.S. wheat futures markets are finally seeing a corrective bounce, after declining steadily since October. While how much higher wheat futures can move remains to be seen, the sharp gains this week could be seen as a sign that the downtrend is over for the time being. “We’re finally coming […] Read more
ICE weekly outlook: Logistics keep weighing on canola
Reading Time: 2 minutes CNS Canada –– ICE Futures Canada canola futures chopped around within a narrow range during the week ending Wednesday, but were lower overall as declines in soybeans and Canada’s own ongoing logistics issues weighed on prices. From a chart perspective, CBOT (Chicago Board of Trade) soybeans were nearing trendline support, and a move lower there […] Read more
Oats/corn spread narrows in, as oats rise
Reading Time: < 1 minute CNS Canada — Oats futures at the Chicago Board of Trade are currently at their strongest levels relative to corn since 2006, as Canadian logistics issues have caused nearby oats contracts to jump higher while corn values hold steady. The March oats contract gained US16 cents per bushel on Tuesday to close at US$4.1675, only […] Read more
Manitoba farmers “kicking tires” on sunflowers
Reading Time: 2 minutes CNSC — Sunflower acreage in Manitoba may be on the rise in 2014, as early pricing opportunities are favourable and farmers are showing an increased interest in alternative cropping options, according to an industry participant. With prices for most grains and oilseeds grown across Western Canada under pressure by large supplies and logistical issues, specialty […] Read more
A message from April Stewart, Country Guide's Associate Editor
