Strong dollar, high acreage pushes canola down

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were mostly lower on Friday, as strength in the Canadian dollar and confirmation of large planted area weighed on values. In a report out this morning, Statistics Canada pegged canola seedings at 22.7 million acres, which was well above an earlier estimate of 21.4 million but […] Read more

Canola drops as premium disappears

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Thursday, with the largest losses in the old crop July contract as participants bailed out of the front month. July canola started the day trading at a premium of about C$11 to November, but settled at even money. With ample old crop supplies and […] Read more

Canola rises to three-month highs

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Wednesday, hitting their highest levels in three months as gains in Chicago Board of Trade soybeans and weakness in the Canadian dollar provided support. While CBOT soyoil futures were softer on the day, the activity in soymeal and the Canadian dollar were enough […] Read more

Harvest to pressure durum prices lower

Winnipeg, Aug. 11 — The durum market in Western Canada had a good run higher, but is starting to stall out and is likely headed lower as the North American harvest pressure ramps up. Durum bids had climbed as high as $10 to $10.25 per bushel for No. 2 durum in recent weeks, but “now […] Read more

Ag Canada lowers 2015-16 crop production forecasts

Winnipeg, July 21 – Canadian farmers will grow considerably less wheat and canola in 2015-16 than earlier thought, according to updated grain and oilseed supply-demand estimates from Agriculture Canada released July 21. Ag Canada’s market analysis division forecast total production of the eight major grains and oilseeds for 2015-16 at 70.787 million tonnes, which was […] Read more

More downside than upside for Prairie flaxseed bids

Winnipeg, Jan. 20 – Flaxseed prices remain strong in Western Canada, but that strength is relative and there are more bearish than bullish factors in the background which should weigh on values over the next few months. Spot flaxseed bids can currently be found in the $13-plus per bushel area, while new crop is in […] Read more

Pea spreads return to historical levels in Western Canada

Winnipeg, Jan. 6 – After two years of abnormally large price spreads between green and yellow peas in Western Canada, the relationship between the two has returned to more normal levels. The yellow pea market has risen a little in recent weeks, but the green market “is not that interesting,” said David Newman, of Commodius […] Read more

Large Canadian green pea crop prospects to weigh on prices

WINNIPEG — Canadian pea crops are generally in the ground, as it is usually one of the first seeded in Western Canada, but the make-up of the pea acreage remains to be seen and could impact prices going forward. Canadian farmers, primarily in Saskatchewan, intended to plant 3.975 million acres of peas in 2014, from […] Read more