Reading Time: 2 minutes Chicago / Reuters – U.S. soymeal futures fell 4 per cent on Thursday for their biggest daily losses since June as investors locked in profits after prices for the protein-rich animal feed soared to a seven-week high. Soybean futures shed more than 1 per cent, while corn edged lower following a spike in sales by U.S. farmers, who were harvesting […] Read more
U.S. grains: soybeans down 1 per cent, corn narrowly lower
Asia buyers face problems post-wheat board
Reading Time: 2 minutes Commodity News Service Canada — Before the 2012/13crop year, when the Canadian Wheat Board was stripped of its monopoly to market western Canadian wheat, some Asian companies purchased large amounts from Canada. But since the single desk has ended, there have been challenges with purchasing Canadian wheat, causing some companies to reduce the amount they […] Read more
Few changes expected in Canadian crop area
Reading Time: < 1 minute Commodity News Service Canada — It doesn’t appear there will be any dramatic changes to acreage for most crops next year, says a market analyst for CWB. Bruce Burnett gave some broad estimates for plantings in 2015 at the opening session of the Cereals North America conference in Winnipeg. “My thought is we’re going to […] Read more
Canadian durum quality the worst on record
Reading Time: 2 minutes Commodity News Service Canada — The 2014/15 (Aug/Jul) Canadian durum (CWAD) crop is the worst on record quality-wise, Bruce Burnett, weather and crop specialist with CWB said during a presentation at the Cereals of North America conference in Winnipeg. Only four per cent of the Canadian crop is grading as number one, with another 19 […] Read more
Ont. barley, oat growers set to vote on GFO membership
Reading Time: 2 minutes Ontario’s Farm Products Marketing Commission will run a vote for the province’s oats and barley growers starting Friday, to decide whether Grain Farmers of Ontario (GFO) will be the growers’ voice going forward. The commission will conduct a mail-in vote from Friday (Oct. 31) to Nov. 17 to see whether oat and barley growers wish […] Read more
Prairie CWRS bids mostly higher despite losses in U.S. futures
Reading Time: 3 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were mostly higher during the week, despite weakness in Minneapolis spring wheat futures as basis levels improved in most regions. Prices in the Peace region of Alberta declined, however, as basis levels widened out. CWRS prices were between $1.50 lower in the […] Read more
Upside likely limited for rising feed barley market
Reading Time: 2 minutes CNS Canada — Feed barley prices in Western Canada have shown some strength over the past month, but will need outside support to continue to move higher. Barley prices at Lethbridge, Alta. have moved off their harvest lows of $160 per tonne a month ago, to current levels around $180 per tonne, said Jim Beusekom […] Read more
U.S. wheat futures rising, but watching corn and beans
Reading Time: < 1 minute CNS Canada — U.S. wheat futures have shown some strength over the past month, but advancing harvest pressure from soybeans and corn may come forward to limit any additional independent strength in wheat over the next few weeks. After setting contract lows on Oct. 1, all three U.S. wheat markets have trended higher through the […] Read more
Relative oats strength running into resistance
Reading Time: 2 minutes CNS Canada –– Oats bids in Western Canada are holding steady for the time being, but could be due for a setback given the weak U.S. corn market and declining nearby demand. “My bias is towards oats prices going down in relation to other commodities,” said Ryan McKnight of Linear Grain at Carman, Man. Demand […] Read more
Prairie CWRS bids up as basis moves to a premium
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were higher during the week, as basis levels moved higher, now offering farmers a premium over futures in many areas. CWRS prices were up between about $7 and C$13 compared to a week ago. The best pricing opportunities were still available in […] Read more
A message from April Stewart, Country Guide's Associate Editor
