WINNIPEG (MarketsFarm) – Wheat bids in Western Canada were mostly higher for the week ended Oct. 17. There were strong gains in Canadian Western Red Spring Wheat (CWRS) and Canada Prairie Red Spring (CPRS). Meanwhile Canadian Western Amber Durum (CWAD) was steady to lower. The Canadian dollar gained almost nine-tenths of a cent during the […] Read more
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Canadian canola deliveries hit weekly record
Winnipeg (MarketsFarm) – Canadian farmers made record deliveries of canola into the commercial pipeline during the second week of October, according to the latest Canadian Grain Commission data. Wet weather, including heavy snow in some regions, continued to keep farmers off of their fields across much of Western Canada, but producers were actively delivering canola […] Read more
Better weather helps Saskatchewan harvest: report
Winnipeg (MarketsFarm) – Relatively warm and dry conditions allowed Saskatchewan farmers to make some harvest progress during the week ended Oct. 14, although operations continue to run well behind normal, according to the latest report from Saskatchewan Agriculture. The overall harvest progress increased to 69 percent done, from 55 percent the previous week. That compares […] Read more
Canola futures drop but within expected range
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Thursday, remaining mostly range-bound and following trends set earlier in the week. Harvest progress has put pressure on canola prices, as regions of the Prairies that didn’t receive significant snow are almost finished harvesting canola. Manitoba’s canola harvest is 80 percent complete, along […] Read more
Early snow hurts North American edible bean prospects
Winnipeg (MarketsFarm) – An early snow storm hit key edible bean growing regions of Manitoba and the northern United States hard, with a large portion of the crop in the region now facing an uncertain future. “It is unprecedented what’s happened at this point,” said Tim Courneya, executive vice president of the Northarvest Bean Growers […] Read more
Heavy snowfall puts brakes to Manitoba harvest
WINNIPEG (MarketsFarm) – Harvest operations throughout most of Manitoba ground to a dead stop as two weather systems dumped large amounts of snow during the Thanksgiving long weekend, according to Manitoba’s Agriculture’s latest crop report. Manitoba was hit with the same cold front that swept across the Prairies towards the end of last week, which […] Read more
Corn, soybean prices have likely hit low point
WINNIPEG,(MarketsFarm) – Prices on the Chicago Board of Trade likely have hit their lows for the year, especially for corn and soybeans, according to Scott Capinegro of Barrington Commodities in Lake Barrington, Ill. “There’s a lot of cards finally in the bull’s hand instead of the bear’s hand,” Capinegro commented. He said this year’s harvest […] Read more
Strong soy prices boost canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday, supported by strong soy oil prices. Soy oil is trading at multi-month highs, boosted mainly by positive trade talks between the United States and China. Canola values are currently competitively priced compared to its vegetable oil counterparts, with strong crush margins a […] Read more
Wet fall raises risk of spring flood, but more factors at play
Winnipeg (MarketsFarm) – Manitoba’s Red River Valley is very wet heading into the winter freeze, but it’s still too early to say if the saturated soils will lead to flooding in the spring, according to provincial forecasters. The Manitoba government took the unprecedented step of opening the Red River Floodway on Oct. 9, marking the […] Read more
CWRS bids strengthen with U.S. futures, improved basis
Winnipeg (MarketsFarm) – Wheat bids in Western Canada were mixed during the week ended Oct. 10, with gains in some classes and losses in others as the domestic market reacted to adverse harvest weather and mixed activity in the United States futures. Average CWRS (13.5 percent) wheat prices were up by C$4 to C$5 per […] Read more
