WINNIPEG, (MarketsFarm) – Wheat bids in Western Canada were down for the week ended August 1. There were losses in Canadian Western Red Spring Wheat (CWRS), Canadian Western Amber Durum (CWAD) and Canada Prairie Red Spring (CPRS) in all locations. Little change in the Canadian dollar and declines in Kansas City, Chicago and Minneapolis wheat […] Read more
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Western Canadian wheat: Bids down across U.S. markets
Soybeans, dollar will influence canola in days ahead
WINNIPEG, (MarketsFarm) – For canola prices, the key influences will be soybeans as well as the Canadian dollar, according to Errol Anderson of ProMarket Communications in Calgary, Alta. Anderson said soybeans on the Chicago Board of Trade (CBOT) were higher, due to trade negotiations between United States and China resuming on July 29. That could […] Read more
Feed grain prices fall after rain
WINNIPEG – Feed grain prices for feedlot alley in Lethbridge, Alta. took a tumble after parts of the Prairies received some much-needed rain. Jim Beusekom, president of Market Place Commodities in Lethbridge, said barley and wheat prices recently dropped. Barley was around C$285 to C$290 per tonne in the local area, down about $10 from […] Read more
CBOT Weekly: USDA’s acreage report could push up prices
WINNIPEG – As the United States Department of Agriculture (USDA) releases its crop acreage report in a few days, one analyst believed the report could have a bullish effect on the Chicago Board of Trade. “If we come in near trade expectations for the (soybeans), it might be supportive,” said Terry Reilly, grains analyst with […] Read more
Rain cuts canola weather premium, futures lower
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, as more rain has been forecast for the Prairies this weekend. The Prairies received 15 to 65 millimeters of rain over most of the region this week. While the precipitation was helpful to struggling crops, it wasn’t enough to end dry conditions. However, […] Read more
Trade talks strengthen grains; canola up
WINNIPEG, – Intercontinental Exchange (ICE) Futures canola contracts were steady to stronger on Thursday, due to spillover from Chicago. However, forecasts of rain and a stronger Canadian dollar weighed on values. Gains were made on the Chicago Board of Trade as trade talks between the United States and China will resume in the near future. […] Read more
ICE canola weekly: rain in the forecast
WINNIPEG, June 19 (MarketsFarm) – Forecasts of rain for Western Canada will certainly help canola in terms of growing this year, said David Derwin of PI Financial in Winnipeg, Man. “I spoke with several farmers from across the Prairies who said we got some good rains, a few who didn’t, but by in large, it’s […] Read more
Canola up; markets await weather effect
WINNIPEG, Intercontinental Exchange (ICE) Futures canola contracts were up slightly on Tuesday, after a volatile session with heavy activity. The weather forecast for the Prairies has called for rain over the next day to three days. If precipitation is sufficient enough, bids could be affected.Also, Prairie farmers re-seeded large amounts of their canola and have […] Read more
Western Canadian wheat up in all classes
WINNIPEG – Wheat bids in Western Canada were up across the board for the week ended June 14. There were gains in Canadian Western Red Spring Wheat (CWRS), Canada Prairie Red Spring (CPRS) and Canadian Western Amber Durum (CWAD). Weakness in the Canadian dollar and gains in Kansas City and Chicago provided support. A decrease […] Read more
USDA makes some changes to Canada, world estimates
WINNIPEG – Corn planting in Canada has struggled this year much like farmers have in the United States, according the latest World Agriculture Supply and Demand Estimates (WASDE) issued by the U.S. Department of Agriculture (USDA) on June 11. In the USDA’s May WASDE report, it estimated Canadian corn production at 15.40 million tonnes, but […] Read more
