Reading Time: 2 minutes CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Monday, following the sharply weaker U.S. futures market for the second consecutive week. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in Monday at around C$198 per tonne, or $5.40 […] Read more
Prairie CWRS cash bids ease, basis improves slightly
Spring wheat cash bids fall with futures
Reading Time: < 1 minute CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat moved lower during the week ended Monday, following sharp losses seen in U.S. futures markets. Average spot bids Monday for CWRS (13.5 pr cent protein) across Manitoba, Saskatchewan and Alberta came in at around $203 per tonne, or $5.52 per bushel, based on […] Read more
Malt barley supplies large ahead of new crop year
Reading Time: 2 minutes CNS Canada –– After seeing record yields in 2013, Canada could still be holding onto enough malt barley to supply the domestic industry for an entire year at the end of the current crop year. Those large supplies are cutting into prices, but buyers will still need fresh stocks due to germination issues, and may […] Read more
Alta. feed barley prices remain firm
Reading Time: < 1 minute CNS Canada — Cash barley prices near the key cattle feeding area of Lethbridge, Alta. remain firm, supported in large part by lingering winter weather and sluggish movement of grain across Western Canada, say brokers in the region. According to Shane Roberts of Cactus Commodity at Raymond, Alta., prices for March/April deliveries are anywhere from […] Read more
CWRS wheat bids rising with U.S. futures
Reading Time: < 1 minute CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat moved higher over the past week, as weather worries in the U.S. Plains and uncertainty over Black Sea grain movement remained supportive for North American prices. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came […] Read more
EU oat exports set for nine-year high on N. America woes
Reading Time: 2 minutes Paris | Reuters — European Union exports of oats are on course to hit a nine-year high, official data showed on Thursday, reflecting strong U.S. demand as logistical snags curb supply of the cereal from top exporter Canada. The supply tensions in North America have put a spotlight on what’s a niche market compared to […] Read more
Prairie wheat bids up with U.S. futures
Reading Time: 2 minutes CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPRS) and Canadian Western Red Spring (CWRS) wheat moved higher over the past week, as weather worries in the U.S. Plains and uncertainty over Black Sea grain movement boosted U.S. futures. Average spot bids on Monday for CWRS (13.5 per cent protein) across […] Read more
CBOT oats hit record high, rail delays keep supplies tight
Reading Time: 2 minutes Chicago | Reuters — The Chicago Board of Trade oat market soared 17 per cent to an all-time high on Wednesday, continuing a month-long rally on tight supplies due to backlogged rail shipments from top exporter Canada. The biggest gains were notched in the thinly traded March contract as traders exited their short positions ahead […] Read more
Wheat bids edge up with futures, but basis still wide
Reading Time: < 1 minute CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPSR) and Canada Western Red Spring (CWRS) wheat moved higher over the past week, with continued strength in the U.S. futures providing some support. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at […] Read more
Drozd: Harami signaled market low before oats’ record-high rally
Reading Time: 3 minutes Nearby oat futures contract posted a new historical high of $5.33 per bushel on Feb. 26. This exceeded the previous high of $4.58 in July 2008. Referencing the March 2014 oat futures contract in Chicago, this rally began from a contract low of $3 per bushel on Oct. 2, 2013, the same day a harami […] Read more
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