Prairie wheat mixed, watching U.S. futures

Winnipeg (CNS Canada) – Wheat bids in Western Canada were mixed for the week ended April 13, following United States futures markets which were also mixed. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices rose by C$1 to C$5 per tonne across most of the Prairie provinces, according to price quotes from a […] Read more

Manitoba cattle movement mixed

Winnipeg (CNS Canada) – Cattle moving through the Manitoba auction yards were up and down during the week, with some classes moving higher and others lower. The market had “a mixed feeling,” according to Robin Hill, of Heartland Livestock Services in Virden. He said there was no real rhyme or reason to the gains or […] Read more

Late winter could lead to more Prairie oat acres

WINNIPEG (CNS Canada) – With winter still hanging on across Western Canada, one buyer thinks it could lead to an uptick in oat acres. “Later seeding generally increases oat acres. We’d rather see them seeded earlier but farmers have had a tendency when things get late (to) throw some more acres into oats,” said Scott […] Read more

Late winter underpinning Prairie barley bids

Winnipeg (CNS Canada) – Lingering winter weather across the Canadian Prairies means cattle are eating more grain, but the possibility of delayed seeding also has farmers with grain to sell eyeing better prices. “As the winter continues to hang on, cattle producers are continuing to have to feed (grain) until they can get their cattle […] Read more

Canola backs away from lofty heights

WINNIPEG (CNS) – It was a busy week for canola contracts on the ICE Futures Complex as the most-active July contract rocked and rolled between C$530 to C$540 per tonne before ultimate settling at the C$528 mark on April 11. The last time the dominant canola contract was above the C$535 mark was in November […] Read more

Low pulse prices lead to marketing change for Prairie farmers

WINNIPEG (CNS Canada) – After years of Western Canadian farmers rushing to lock in pulse crop contracts during the spring, this year that hasn’t been the case. “Normally I would say that I’d have my plant booked to December and I don’t have a single thing booked this year. But does that mean we’re not […] Read more

USDA predicts tightening soybean stocks, but more wheat

Winnipeg (CNS Canada) – World soybean and corn ending stocks are expected to be tighter than earlier thought, while projected wheat stocks were raised in the latest World Agriculture Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture (USDA). In a report released April 10 the USDA lowered its global soybean […] Read more

CBOT soybean market recovers after wild week

WINNIPEG (CNS Canada) – After a wild week where the Chicago Board of Trade (CBOT) soybean market plunged following China announcing tariffs on imports of United States soybeans, it has recovered. On April 5, China announced a 25 per cent tariff on U.S. soybean imports in retaliation of previously announced tariffs by the U.S. on […] Read more

Canola chart points to bearish reversal

Winnipeg (CNS Canada) – After hitting a contract high on Monday, April 9, the ICE Futures Canada July canola contract subsequently turned decidedly lower to form a key reversal pattern from a chart perspective. July canola hit a high of C$539.50 per tonne on April 9, but settled right around where it started–near the lows […] Read more

Canola futures move higher

Winnipeg (CNS Canada) – Canola futures moved steadily higher over the course of the week ended April 6, with new crop November hitting fresh contract highs and the front months reaching their best levels in more than four months. The gains in canola came despite, or possible because of, a choppy week in the Chicago […] Read more