Reading Time: 2 minutes CNS Canada –– All three U.S. wheat futures markets hit fresh contract lows on Tuesday — and further losses are likely, as most fundamental and technical factors remain bearish. “The trend certainly hasn’t been positive,” said market analyst Bryan Strommen of Progressive Ag in Fargo, N.D. He cited improving U.S. winter wheat conditions, favourable weather […] Read more
U.S. wheat futures hit new lows, more losses likely
Colombia clears paper trail for more Canadian wheat
Reading Time: 2 minutes “Continuous engagement” has led to a lighter regulatory load on Canadian wheat bound for Colombia, already Canada’s seventh-biggest wheat export market. The Canadian Food Inspection Agency and trade group Cereals Canada on Tuesday announced Colombia has eased phytosanitary import rules for Canadian wheat, “effectively putting Canada on a level playing field with other exporting countries.” Colombia’s […] Read more
Malt barley seeding well ahead of normal
Reading Time: 2 minutes CNS Canada — Barley seeding is well underway across Western Canada and almost complete in southern Alberta, according to the head of the Barley Council of Canada. “We’re two weeks ahead here in southern Alberta, there’s guys that have wrapped up; they’re done seeding already,” said council president Brian Otto. On his own farm at […] Read more
Prairie CWRS bids mixed as basis adjustments vary
Reading Time: 3 minutes CNS Canada — Cash bids for Canadian wheat were mixed during the week ended Friday, due to basis adjustments that varied from location, to location. Average Canada Western Red Spring (CWRS) wheat prices were C$2.50 per tonne lower to $4 higher, with bids ranging from $185 per tonne in north-central Saskatchewan to $203 per tonne […] Read more
Small canola acreage puts more emphasis on March 31 stocks
Reading Time: 2 minutes CNS Canada –– The canola industry will pay closer attention than usual to the upcoming Statistics Canada report on stocks as of March 31, as a smaller canola acreage figure is causing worries about tight supplies going forward. StatsCan is scheduled to release its report on Wednesday. “Because of that tighter acreage, the stocks number […] Read more
Russian wheat price may rise when tax removed
Reading Time: 2 minutes Moscow | Reuters — Russian wheat prices may rise in coming weeks when the government removes an export tax, set earlier this year to cool food inflation, SovEcon agriculture analysts said Thursday. Russia will take a decision by mid-May on removing the tax ahead of schedule and will set up a new mechanism in case […] Read more
Wheat bids edge lower across Prairies
Reading Time: 3 minutes CNS Canada — Cash bids for Canadian wheat were down during the week ended Friday, as values reacted to adjustments in the U.S. futures and the foreign exchange markets. Average Canada Western Red Spring (CWRS) wheat prices were down by C$3 to $5 per tonne, with bids ranging from $181 per tonne in north-central Saskatchewan […] Read more
Big oats intentions surprise market
Reading Time: 2 minutes CNS Canada — A surprisingly large increase for oats acres in Statistics Canada’s planting intentions report on Thursday led to a quick drop in prices. However, actual area will likely come in below the early expectations, as declining prices should cause some acres to shift elsewhere. Oats plantings were pegged at 3.6 million acres by […] Read more
Daily price limits revised for CBOT grains futures
Reading Time: < 1 minute Chicago | Reuters — Daily price limits for Chicago Board of Trade (CBOT) corn and wheat futures will rise starting in May, while soybean limits will not change following a semi-annual review, CBOT parent CME Group said Thursday. Under exchange rules, the CBOT resets daily limits for grains and oilseeds in May and November of […] Read more
Prairie wheat bids slide with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash bids for Canadian wheat were down during the week ended Friday, as losses in the U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $10-$19 per tonne, with bids ranging from $185 per tonne in north-central Saskatchewan to $209 per tonne in Manitoba, according […] Read more
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