Reading Time: 2 minutes CNS Canada — Canadian pea crops are generally in the ground, as they are usually one of the first seeded in Western Canada, but the makeup of the acreage remains to be seen and could impact prices going forward. Canadian farmers, primarily in Saskatchewan, intended to plant 3.975 million acres of peas in 2014, up […] Read more
Large green pea crop prospects to weigh on prices
U.S. new-crop soybeans and corn under pressure
Reading Time: < 1 minute CNS Canada –– Improving weather conditions across the U.S. Midwest weighed on soybean and corn futures at the Chicago Board of Trade over the past week, and further declines are likely heading into the summer months, according to an analyst. Weather conditions across the Midwest’s corn- and soybean-growing regions have shown some improvement. Terry Reilly […] Read more
Prairie wheat bids drift lower with U.S. futures
Reading Time: < 1 minute CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats were weaker during the week ended Monday, as continued losses in U.S. futures weighed on prices. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$202 per […] Read more
Don’t write off ICE Canada’s grain futures just yet
Reading Time: 2 minutes CNS Canada — Milling wheat and durum contracts offered by ICE Futures Canada have not seen any actual trade in over a year, and it’s been five months since feed barley last had any open interest — but the exchange isn’t ready to give up on the grain contracts just yet and will explore its […] Read more
ICE weekly outlook: Canola nearing resistance
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, with the biggest gains in the new-crop months as concerns over planting delays in parts of Western Canada provided some support and the spreads narrowed in. However, canola may be running into resistance to the upside, according to market participants. […] Read more
Prairie winter wheat in good shape, analyst says
Reading Time: 2 minutes CNS Canada — Winter wheat crops across Western Canada are generally in good shape, according to a CWB analyst, although the lateness of the spring thaw will also push back the harvest in many areas. “The winter wheat is in reasonably good shape,” said Bruce Burnett, a CWB weather and crops specialist. Emergence and moisture […] Read more
Canola crush margins easing
Reading Time: < 1 minute CNS Canada — Canadian canola crush margins are finally starting to ease into more traditional levels, after hitting their highest prices ever over the winter months. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates also factoring in to the equation. […] Read more
Higher bacon prices still to come, analyst says
Reading Time: 2 minutes CNS Canada — Rising pork prices and shrinking bacon packages have made headlines across Canada recently — but consumers should prepare to spend even more for bacon over the next few months, as processors between the farmer and the grocery store are still seen to be losing money. Western Canadian hog producers are currently experiencing […] Read more
ICE weekly outlook: Canola rangebound, watching weather
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, as the market retreated from nearby highs. However, canola is lacking any clear direction for the time being and is expected to remain rangebound overall until some fresh fundamental news comes forward. “The market is in a ‘wait and see’ […] Read more
U.S. wheat futures still rising, but ‘getting tired’
Reading Time: 2 minutes CNS Canada –– All three U.S. futures markets climbed higher over the past week, rising to some of their best levels of the year. There is some more room to the upside, but further gains may be short-lived, according to an analyst. “Wheat is getting tired,” said Randy Martinson of Progressive Ag at Fargo, N.D. […] Read more