Manitoba edible bean crop dependent on soybeans

Winnipeg (CNS Canada) – After Manitoba grew its largest edible bean crop in more than a decade in 2017, a downturn could be expected in 2018. However, new crop pricing opportunities look favourable and industry participants say it’s still too early to get a firm sense on seeding intentions. “The pinto market is long in […] Read more

Weaker CDN dollar helps canola contracts trend higher

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts saw some choppy activity over the course of the week ended March 16, but trended higher overall with much of the relative strength coming from weakness in the Canadian dollar. The currency fell by about 1.5 cents relative to its U.S. counterpart over the course of […] Read more

Canadian wheat bids track U.S. futures lower

Winnipeg (CNS Canada) – Hard red spring wheat bids in Western Canada moved lower during the week ended March 9, as losses in the United States futures and a firmer tone in the Canadian dollar weighed on values. Depending on the location, average Canada Western Red Spring (13.5 percent CWRS) wheat prices were down by […] Read more

Chickpeas a bright spot on prairie pulse front

The bleak outlook for other pulse crops means production could double from the 135,000 to 165,000 acre crops of recent years

WINNIPEG — Western Canadian farmers may be set to plant fewer lentil and pea acres this spring, but chickpeas are looking to be one pulse crop that stands out. “Acres are definitely going to increase significantly,” said Colin Young of Midwest Grain in Moose Jaw, Sask. He expected to see a doubling in area from […] Read more

Canola backing away from resistance

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts appear to have finally run into some resistance after trending higher for all of February. While a return higher is possible, canola will take most of its direction going forward from what happens in outside markets. The May canola contract hit a three-month high of C$531 […] Read more

Canola, wheat doing well, CDN dollar not so much

WINNIPEG – ICE Futures Canada canola contracts moved to their highest levels in three months during the week ended March 2, having posted gains for 10 straight sessions. Losses in the Canadian dollar and gains in Chicago Board of Trade soybeans helped keep speculators on the buy side. While the May canola contract rose by […] Read more

Canola strengthens with soybean

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, seeing a continuation of their month-long uptrend as supportive technical signals and gains in the Chicago Board of Trade soy complex provided support. Weakness in the Canadian dollar contributed to the gains, as the currency broke below 78 U.S. cents. However, increased […] Read more

Weekly Manitoba cattle report

Winnipeg (CNS Canada) – Routine winter movement was the order of the day at Manitoba’s auction marts during the week ended February 9, with the cattle moving through the rings. Only about 6,300 cattle were on offer across the province during the week, which was down by about 2,000 from the previous week as cold […] Read more

Prairie snow still in short supply

Large section of central Saskatchewan has virtually no snow, while levels in other areas are below average

WINNIPEG — Parts of the Sahara Desert received rare snowfall last week, with up to 40 centimetres falling in the Algerian desert town of Ain Sefra. That freak snow — only the third time in 40 years — made for some fantastic photographs before melting but would be more welcome in Western Canada, where many […] Read more

Canola higher but outlook still bearish

WINNIPEG — ICE Futures Canada canola contracts moved higher during the first trading week of 2018 as speculators covered short positions and the market saw a modest recovery off of the late-December lows. Bitterly cold temperatures across much of Western Canada and the resulting slow-down in country movement was also supportive, although the latest grain […] Read more