Reading Time: 2 minutes CNS Canada — Statistics Canada released its first survey-based production estimates for the 2015-16 crop year Friday morning, with canola and wheat figures coming in at the lower end of expectations. But the grain trade is shrugging off the report, as it believes final production numbers for most crops will be larger than what Statistics […] Read more
StatsCan production estimates ‘too low’ for canola, wheat
Ardent to buy major Ontario soft wheat mill
Reading Time: 2 minutes The owner of Canada’s Robin Hood flour mills is poised to buy the biggest soft wheat milling operation in the country. Ardent Mills, the joint North American flour venture of agrifood giants Cargill, CHS Inc. and ConAgra, announced Thursday it will buy the former Kraft Milling operation in Mississauga, Ont. from Mondelez Canada for an […] Read more
‘Nothing bullish’ in wheat futures
Reading Time: < 1 minute CNS Canada — U.S. wheat futures have moved steadily lower since the beginning of July, and appear poised for more losses as there is little supportive news in the market. “There’s just nothing bullish in the wheat market at the moment,” said Adam Knosalla of Frontier Futures in Minneapolis. He added that “down is the […] Read more
Little upside in oats as futures hit five-year lows
Reading Time: < 1 minute CNS Canada –– Oats futures in Chicago are trading at their lowest levels in five years, and cash bids in Western Canada are also doing little to encourage farmer selling. September oats at the Chicago Board of Trade settled Monday at US$2.2325, the lowest close for the front-month contract since June 2010. Cash bids are […] Read more
Short-term barley prices seen likely to downtrend
Reading Time: < 1 minute CNS Canada — Feed barley prices are moving slowly with hand-to-mouth buying as the crop moves into harvest, when already low prices will likely hit a downtrend. However, prices will likely recover into autumn, depending on how farmers choose to act, from where one market analyst sits. “If the farmers aren’t willing to sell at […] Read more
Prairie cash wheat bids mixed
Reading Time: 3 minutes CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were mixed during the week ended Friday, with prices edging lower in the eastern Prairies and moving up in Alberta. Average CWRS prices were down by C$2-$4 per tonne in Saskatchewan and Manitoba, but up by C$4-$9 in Alberta, according to […] Read more
USDA sees bumper corn, soy crops despite floods
Reading Time: 2 minutes Washington | Reuters –– U.S. corn and soybean harvests were pegged above expectations this year as strong yields in areas west of the Mississippi River will make up for problems caused by excessive rains in eastern production states, the government said Wednesday. The U.S. Department of Agriculture forecast the 2015-16 soybean harvest at 3.916 billion […] Read more
How Australia plans to beat Canadian farmers
A must read from Down Under for coming out on top
Reading Time: 6 minutes You have to admit that for an economic study, this one has a great title: “The Puck Stops Here!: Canada challenges Australia’s grain supply chains.” The new study is by the Australian Export Grains Innovation Center (AEGIC), and it looks into Western Canada’s export grain supply chain. In fact, it looks at our grain system […] Read more
Prairie cash wheat bids edge higher
Reading Time: 3 minutes CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were stronger during the week ended Friday, as basis levels and U.S. futures markets also showed some improvement. Average CWRS wheat prices were up by C$7-$10 per tonne over the week, with bids ranging from about $212 per tonne in the […] Read more
Prairie CWRS cash bids soften, durum drops sharply
Reading Time: 3 minutes CNS Canada — Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were weaker during the week ended Friday, as U.S. futures markets plunged once again. Average CWRS wheat prices were down by C$7 to $26 per tonne over the week, with bids ranging from about $203 per tonne in the Peace region […] Read more
A message from April Stewart, Country Guide's Associate Editor
