Reading Time: 2 minutes A late start to spring seeding is becoming more and more likely across much of Western Canada, as heavy snow cover in many areas and a slow melt will leave many fields too wet to plant for some time. Any delays may lead to some adjustments to planting intentions, but major changes are not yet […] Read more
Snow-covered fields likely to push back Prairie seeding
Canola futures watching soybeans, weather
Reading Time: < 1 minute ICE Futures Canada canola contracts dropped sharply during the week ended April 3, backing away from nearby highs as a downturn in the Chicago soy complex spilled over to weigh on values. The canola market is expected to continue to take its direction from soybeans, although relatively supportive fundamentals should limit the downside potential. “Canola […] Read more
Prairie wheat bids drop with U.S. futures
Reading Time: < 1 minute Cash wheat bids across Western Canada moved sharply lower during the week ended April 1, with both Canada Western red spring (CWRS) and Canada Prairie red spring (CPRS) bids posting declines as a selloff in U.S. futures spilled into the Canadian market. Average spot bids for CWRS (13.5 per cent protein) on Monday across Manitoba, […] Read more
Australian canola back to compete in Chinese market
Reading Time: 2 minutes Canadian canola shipments to China are expected to start slowing down as Australia has re-entered the Chinese market as a competitor following a four-year ban. Canadian supplies are already very tight, however, and the introduction of a new competitor into the key Chinese market is unlikely to alter overall supply/demand projections greatly, according to a […] Read more
Wheat bids rising in West, but durum down
Reading Time: < 1 minute Cash wheat bids across Western Canada moved higher over the week ended March 26, with both Canada Western red spring (CWRS) and Canada Prairie red spring (CPRS) wheat bids posting good gains in most locations. However, basis levels were generally off by a dollar or two per tonne, as the demand backed away slightly. Average […] Read more
Man. oats bids trend higher as supplies dwindle
Reading Time: < 1 minute Nearby oats contracts at the Chicago Board of Trade have trended higher over the past month and spot bids in Manitoba are surpassing the futures, as tightening supplies keep values for the grain well supported. “The supplies are certainly getting tighter,” said Jarrod Firlotte, general manager of Emerson Milling at Emerson, Man., accounting for the […] Read more
Large green-pea premiums expected to draw in acres
Reading Time: 2 minutes High premiums currently being offered for green peas over yellow peas are expected to entice more acres to the crop in Western Canada this spring, although seed supplies could prove to be a limiting factor. Spot bids for green peas can currently be found at the historically high level of $17 per bushel, well above […] Read more
Canola trending down with soybeans
Reading Time: < 1 minute ICE Futures Canada canola contracts moved lower during the week ended March 13, backing away from nearby highs as speculative profit-taking and steady farmer selling weighed on values. Nearby direction is expected to come from the CBOT soy complex, although canola should lag to the downside if soybeans continue to weaken, said Ken Ball of […] Read more
Spring load limits to slow grain movement on Prairie roads
Reading Time: 2 minutes Spring road bans are starting to be put into place across Western Canada as temperatures warm up in the Prairie provinces. The annual restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage heavier loads can cause during the spring thaw period. Movements of grain and farm […] Read more
CWRS wheat edges up; basis opportunities in Alberta
Reading Time: < 1 minute Cash wheat bids across Western Canada edged up during the week ended March 11, with spot bids for Canada Western red spring (CWRS) wheat steady to a couple of dollars per tonne higher in most areas. Basis levels improved as well, as cash prices in Western Canada managed to firm up despite the fact that […] Read more
A message from April Stewart, Country Guide's Associate Editor
