Reading Time: < 1 minute CNS Canada — Canola crush margins continue to widen to unprecedentedly large levels, highlighting the cheapness of canola seed compared to its worth when processed. 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. As […] Read more
Canola crush margins keep getting wider
ICE weekly outlook: Logistics issues weigh on canola
Reading Time: < 1 minute ICE Futures Canada canola contracts declined to fresh lows during the week ended Wednesday, and could be headed lower still as logistics issues in Western Canada continue to weigh on values. The losses in canola came despite a rally in CBOT soybeans and sharp declines in the Canadian dollar relative to its U.S. counterpart. Those […] Read more
U.S. wheat futures grinding lower
Reading Time: < 1 minute All three U.S. wheat futures markets have moved steadily lower over the past few months and could still have more room to the downside, according to a U.S. analyst. “It’s been a slow grind into the ground,” said Randy Martinson of Progressive Ag in Fargo, N.D. U.S. supplies are about average and are not burdensome, […] Read more
Canola crush margins very strong
Reading Time: < 1 minute Canola crush margins remain historically strong, with domestic processors estimated to be making large profits given current market factors. 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. As of Tuesday, the canola board crush […] Read more
Prairie wheat bids holding steady
Reading Time: < 1 minute Western Canadian wheat cash bids held relatively steady during the week ended Jan. 6, with slight increases reported from some elevators and slight declines at others. Average spot bids for CWRS (Canada Western Red Spring, 13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Monday at around $164 per tonne, or $4.47 per […] Read more
Prairie wheat bids stuck in downtrend
Reading Time: < 1 minute Western Canadian wheat cash bids moved lower during the week ended Dec. 23, following losses seen in U.S. futures markets. Basis levels also widened for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) varieties, which contributed to the price weakness. Average spot bids on Monday for CWRS (13.5 per cent protein) across […] Read more
ICE weekly outlook: Canola trending down
Reading Time: < 1 minute ICE Futures Canada canola contracts dropped sharply lower during the week ended Wednesday, and have more room to the downside as record-large supplies continue to overhang the market and chart signals remain bearish. “Canola has divorced itself from soybeans,” said Jerry Klassen, manager of GAP S.A. Grains and Produits in Winnipeg, noting canola was now […] Read more
Manitoba’s 2013 corn crop a new record
Reading Time: < 1 minute Manitoba farmers grew a record-large corn crop this year, as yields ended up well above earlier expectations. Statistics Canada raised its corn production estimate for the province to 1.219 million tonnes in its crop report Wednesday, topping an earlier estimate of 812,800 and the previous record of 815,400 tonnes set in 2012-13. Good prices ahead […] Read more
Hemp production sees steady growth in Canada
Reading Time: 3 minutes Canada’s hemp growers grew a record-large crop in 2013, and while acreage to the multi-use crop is still very small compared to most other options, further increases are expected next year. The longer-term outlook may see it even compete with canola at some point in the future, from where one industry promoter sits. “We had […] Read more
ICE outlook: Canola off lows, but still rangebound
Reading Time: < 1 minute ICE Futures Canada canola contracts moved higher during the week ending Wednesday (Nov. 27), as weakness in the Canadian dollar and gains in outside oilseeds helped canola bounce off of major support. The most active January contract started the week just above $480 per tonne, a level that has not been significantly breached by the […] Read more
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