Canola crush margins deteriorate

Winnipeg (CNS Canada) – Canola crush margins have deteriorated over the past few months to hit some of their weakest levels of the past two years. However, domestic processors continue to show good demand despite their declining profit-margins. As of June 18, 2017, the Canola Board Crush Margin calculated by ICE Futures Canada was about […] Read more

Ample supply keeps oats under pressure

Winnipeg (CNS Canada) —Canadian oat crops are in reasonably good shape following recent rains, although prices may find themselves under pressure as end-users are well covered for the time being. Farmers planned on seeding about 3.15 million acres of oats in the country in 2018, down only slightly from the 3.20 million seeded the previous […] Read more

Better crop conditions weigh on spring wheat bids

Winnipeg (CNS Canada) – Hard red spring wheat bids in Western Canada moved lower during the week ended June 8, as improving North American crop conditions weighed on Minneapolis spring wheat futures. Depending on the location, average Canada Western Red Spring (13.5 percent CWRS) wheat prices were down by C$3 to C$7 per tonne across […] Read more

Canadian mustard looking to rebound, if weather cooperates

Winnipeg(CNS Canada) – Canadian mustard acres may be up on the year, but key growing regions missed out on recent rain and will need more moisture as the season progresses in order to prevent a repeat of 2017’s drought stricken crop. “Mustard was offering some profit potential compared to some of the other options out […] Read more

Feed grains slip, but still solid overall

Winnipeg (CNS Canada) – Feed barley prices may have come down slightly from their highs earlier in the spring, but remain solid overall, according to an Edmonton-based merchant. Dry weather and the late spring created some uncertainty in the market, and led to opportunities for some growers, said Samantha Metcalfe, a grain trader with Market […] Read more

Large U.S. pulse crop possible, despite reduced acres

WINNIPEG — Farmers in the United States may have planted fewer pulse acres in 2018 compared to the previous year, but the reduction was likely not as large as forecast by the U.S. Department of Agriculture. In addition, a return to average yields would still result in big supplies overall after poor crops in 2017, […] Read more

Seasonals to weigh on canola

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts ran into some major resistance over the past week before turning lower, with more downside possible as seasonal trends should weigh on values. “Seasonally speaking, we’re in the neighborhood where canola makes the turn down,” said Mike Jubinville of ProFarmer Canada, noting that canola typically sees […] Read more

Canola, soybeans end lower

  Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Wednesday, taking some direction from Chicago Board of Trade soybeans and soyoil. Strength in the Canadian dollar added to the weaker tone in canola, as the currency rallied back above 78 U.S. cents. Bearish chart signals contributed to the declines as the […] Read more

Weekly Manitoba Cattle Report

Winnipeg (CNS Canada) – Manitoba cattle markets are generally holding firm in mid-May, although the seasonal slow-down in the numbers moving through the yards led to some choppiness from animal to animal. “Some cattle were stronger, some weren’t,” said Dave Nickel of the Gladstone Auction Mart, adding that it was hard to get a handle […] Read more

Canadian spring wheat bids down as loonie rises and futures drop

Winnipeg (CNS Canada) – Hard red spring wheat bids in Western Canada moved lower during the week ended May 11, as a rally in the Canadian dollar and losses in the United States futures weighed on values. Forecasts calling for improving moisture conditions in U.S. winter wheat growing regions accounted for some of the selling […] Read more