Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) were weaker during the week ended Monday, dropping $10 a tonne. Much of the weakness was linked to spillover pressure from sharply lower U.S. wheat futures markets. Average spot bids for CWRS (13.5 per cent protein) across […] Read more
Prairie wheat bids drop about $10 with U.S. futures
ICE durum trades for first time since February 2013
Reading Time: 2 minutes CNS Canada — ICE durum futures on Wednesday saw some trade activity for the first time since Feb. 14, 2013, with five October contracts changing hands at weaker prices. The contract dropped $12 per tonne, to settle at $230. This comes just one day after ICE barley contracts saw new life, as five contracts also […] Read more
ICE barley trades for first time in six months
Reading Time: 2 minutes CNS Canada –– The long-dormant barley contracts on the ICE Futures Canada platform saw a glimmer of life on Tuesday as buyers and sellers met up to make some actual trades for the first time in six months. Five October 2014 barley contracts changed hands at $125 per tonne, with commercial entities likely behind the […] Read more
Prairie wheat bids edge up with futures
Reading Time: < 1 minute CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat edged higher during the week ended Monday, as U.S. futures saw a corrective bounce off nearby lows. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta on Monday came in at […] Read more
Chicago wheat futures drop to fill chart gap
Reading Time: 2 minutes CNS Canada — U.S. wheat futures posted some big gains over the past three months, but now find themselves right back where they started and could be due for more weakness as the futures have filled a gap on the charts. CBOT wheat futures gapped higher on March 3, as Russian troops entered Crimea and […] Read more
Oat prices edging down, well off highs
Reading Time: 2 minutes CNS Canada — Canadian oat prices have dropped slightly after a brief incline last week, as the market took same direction from U.S. futures. “It has something to do with the index fund roll, so that was weakening the spread,” said Ryan McKnight, a grain merchant at Linear Grain at Carman, Man. “So I think […] Read more
Durum market regaining premium to spring wheat
Reading Time: 2 minutes CNS Canada — Canada’s durum market is at a healthy stage after a tough winter and prices are starting to show some impact relative to spring wheat, according to industry participants. “We saw a lot of pressure on the durum market itself” this winter, said Bruce Burnett, weather and crop specialist at CWB. “Mostly because […] Read more
Prairie wheat bids continue to slide
Reading Time: 2 minutes CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) were weaker during the week ended Monday, as continued losses in the U.S. futures remained a bearish influence on Canadian bids. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta […] Read more
Alta. cash barley prices begin to loosen
Reading Time: 2 minutes CNS Canada — Cash barley prices have begun to weaken in the key cattle feeding area of Lethbridge, Alta., as feedlots have shipped out many of their animals for the season and demand for feed starts to decrease. According to Jim Beusekom, grain broker at MarketPlace Commodities in Lethbridge, current delivery prices are around C$200 […] Read more
Prairie wheat bids drift lower with U.S. futures
Reading Time: < 1 minute CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats were weaker during the week ended Monday, as continued losses in U.S. futures weighed on prices. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around C$202 per […] Read more
A message from April Stewart, Country Guide's Associate Editor
