Reading Time: < 1 minute Canadian canola crush margins are currently at some of their best levels of the past year — keeping domestic processors showing good demand in both the futures and in the cash market. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates […] Read more
Canola crush margins strong
ICE weekly outlook: Canola rangebound
Reading Time: < 1 minute ICE Futures Canada canola contracts held rangebound during the week ended Wednesday, but settled near the lower end of that range, as positioning ahead of the U.S. Department of Agriculture’s supply/demand report put some pressure on Canadian futures. “This is an anything goes kind of report,” said Mike Jubinville of ProFarmer Canada on USDA’s first […] Read more
Churchill enjoys busy shipping year
Reading Time: < 1 minute Churchill is nearing the end of a busy grain shipping season, with the tonnage moving through the northern port expected to come in well above the previous year. “We’ll be wrapping up in the next 10 to 12 days,” Darcy Brede, president and chief operating officer of OmniTRAX, said last week. More than 500,000 tonnes […] Read more
ICE Canada weekly outlook: canola rangebound
Reading Time: < 1 minute ICE Futures Canada canola contracts hit their strongest levels in over a month during the week ended October 30, but settled well off those highs to post losses overall as the market ran into resistance to the upside. “We’re rangebound and need some new news,” said market analyst Wayne Palmer of Agri-Trend Marketing. He said that […] Read more
ICE Canada barley futures show small signs of life
Reading Time: 2 minutes The long dormant ICE Futures Canada barley market saw some actual trade for the first time in nearly a year earlier this month, which may be a sign that there is still some life left in the contract. While sporadic bids and offers move prices on occasion, there have been no actual trades and no […] Read more
Large Manitoba corn harvest underway
Reading Time: < 1 minute Manitoba farmers are in the midst of harvesting a possibly record large corn crop, and will likely be looking to plant another large crop next year, according to Morgan Cott, an agronomist with the Manitoba Corn Growers Association. “We’re well into the corn harvest now,” said Cott, adding that the corn harvest was farthest along […] Read more
ICE outlook: Canola stuck in range
Reading Time: < 1 minute ICE Futures Canada canola contracts held within a narrow range during the week ended Wednesday, trading to both sides of unchanged but eventually posting small advances as the market awaits some fresh fundamental news to push it one way or the other. From a technical standpoint, the November contract has held within a narrow range […] Read more
Prairie wheat bids edge down as basis widens
Reading Time: < 1 minute Cash bids for spring wheat in Western Canada were weaker during the week ended Tuesday as U.S. markets held relatively steady but basis levels in the Prairies widened. Average spot bids for Canada Western red spring (CWRS, 13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$230 per tonne ($6.28 per […] Read more
Enough malt barley to fill demand, but at lower protein
Reading Time: 2 minutes Quality and protein issues may limit how much of Canada’s barley crop meets malt specifications this year. Larger production overall, however, will still leave the country with more than enough malt-quality barley to meet the demand — and result in some malt barley ending up in feed channels. Premiums for higher-protein malt barley are possible […] Read more
North Dakota canola crop ‘phenomenal’
Reading Time: < 1 minute Canola acres may have been down in North Dakota this year, but good growing weather throughout the year are reported to have resulted in a “phenomenal” crop overall. Area planted to the crop in the major canola-growing state came in at only 850,000 acres, which compares with the nearly 1.5 million acres seeded the previous […] Read more
A message from April Stewart, Country Guide's Associate Editor
