Reading Time: 2 minutes CNS Canada – Hard red spring wheat bids in Western Canada moved lower during the week ended August 3, as declines in the US futures weighed on prices. However, weakness in the Canadian dollar provided support and helped basis levels see some modest improvement. Depending on the location, average Canada Western Red Spring (CWRS) wheat […] Read more
Canadian wheat bids decline with U.S. futures, but basis improves
U.S. bee numbers growing
Reading Time: < 1 minute CNS Canada – Honeybee populations are rising in the United States, turning around a recent trend of declines attributed to a set of factors know as colony collapse disorder. It’s estimated that 84,430 hives were lost to the disorder in the first quarter this year. That’s down 27 per cent from a year earlier. Year-over-year […] Read more
Argentine wheat seedings slowed by rain
Reading Time: < 1 minute CNS Canada – Argentina’s hope for a near-record wheat crop have been dampened by excessive rain and below-average seedings. With planting nearly complete, the United States Department of Agriculture office in Buenos Aires has estimated the Argentine wheat crop at 12.8 million acres. That falls about one million acres below the official USDA forecast of […] Read more
Asian taste for western diet boosts Australian wheat
Reading Time: < 1 minute CNS Canada – Vietnam has quietly grown to become Australia’s second largest export destination for wheat. Driving the demand is the iconic banh mi, a Vietnamese baguette-style sandwich filled with pork or chicken and spices. Vietnam imports 1.5 million tonnes of Australian wheat, based on 2016 figures, compared to 380,000 tonnes 10 years ago, said […] Read more
Saskatchewan harvest starts amid heat, dryness concerns
Reading Time: 2 minutes CNS Canada – Some producers in the south have started harvest, according to the latest Saskatchewan Agriculture crop report for the week ended July 31. Less than one per cent of fields have been combined across the province so far, but 47 per cent of fall rye, six per cent of winter wheat, two per […] Read more
Soybean, corn market futures await USDA data
Reading Time: < 1 minute CNS Canada – Improving Midwestern weather forecasts weighed on soybean and corn futures at the Chicago Board of Trade during the week ended August 2, with all eyes now turning to upcoming USDA data. The USDA is set to release a number of key reports on August 10, including updated world supply/demand numbers and US […] Read more
Malt barley outlook promising, but harvest quality will be key
Reading Time: 3 minutes CNS Canada – Many questions remain about Western Canada’s malt barley crop, but many analysts appear to expect at least an adequate harvest. Quality concerns and yield reductions will hit farmers in southern areas, but for those with good quality, prices should remain at least steady for the medium term. While analysts cautioned that forecasts […] Read more
Good quality, but small caliber Canadian chickpeas expected
Reading Time: 2 minutes CNS Canada – Hot and dry conditions cut into the yield potential and physical size of Canada’s chickpea crop, but the quality should be excellent while prices remain relatively strong. “It’s anybody’s guess,” said Colin Young, of Midwest Grain Ltd. in Saskatchewan on the overall state of the chickpea crop. He said rainfall was “significantly […] Read more
Canola market dips to rally, heat stress hits wheat crops
Reading Time: 2 minutes CNS Canada – The ICE Canada canola market had a bit of a wild ride during the week ended July 28, with the November contract falling to its lowest level of the past month at one point before the brakes were hit on the drop and the market rallied $25 in three days. Fund traders […] Read more
ICE Canada Weekly Outlook: Canola off highs, but watching weather
Reading Time: < 1 minute Winnipeg (CNS Canada) – ICE Futures Canada canola contracts moved lower during the week ended July 26, as improving weather conditions in parts of Western Canada and the US Midwest saw speculators liquidating some of their long positions. While the nearby charts turned bearish, canola rebounded off of its lows on Wednesday taking some direction […] Read more
A message from April Stewart, Country Guide's Associate Editor
