Hard red spring wheat bids in Western Canada posted solid gains during the week ended Sept. 21, as advances in the United States futures provided support and countered the bearish influence of the rising Canadian dollar. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were up by C$4 to C$7 per tonne over […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Visible Canadian canola and wheat stocks building
The harvest may be stalled in parts of Western Canada, but grain and oilseed supplies in the commercial pipeline keep growing. Visible canola stocks came in at 1.034 million tonnes in the latest report from the Canadian Grain Commission, for the week ended Sept. 16. That compares with 888,100 tonnes the previous week and would […] Read more
Smaller soy crop expected in Man.
Like most crops grown this year, Manitoba’s soybean yields have been highly variable. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices, given the large U.S. crop prospects. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson of Delmar Commodities. He said the […] Read more
Large canola ending stocks expected
Canadian canola ending stocks as of July 31, came in at about a million tonnes above the previous year’s carryout, but were still well within trade expectations. Canola supplies as of July 31 were estimated at 2.391 million tonnes by Statistics Canada, with 954,000 tonnes of that in commercial hands and 1.437 million tonnes on-farm. […] Read more
Big U.S. corn yields surprise market
Winnipeg – An unexpected upward revision to this year’s United States corn yields sent prices dropping Wednesday, and more losses are likely, according to market analysts. The U.S. Department of Agriculture pegged average corn yields at 181.3 bushels per acre in a report released Sept. 12. That was up by about three bushels per acre […] Read more
Smaller Manitoba soybean crop expected, prices watching U.S.
Winnipeg – Like most crops grown this year, Manitoba’s soybean yields were also highly variable in 2018. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices given the large United States crop prospects. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson, of […] Read more
Canola finishes higher; wheat trends down
ICE Futures canola contracts ended higher on Thursday, after a choppy day that saw the market trade to both sides of unchanged. Continued weakness in the Canadian dollar, which has lost about one cent relative to its United States counterpart over the past week, provided some support. Uncertainty over the extent of the damage caused […] Read more
ICE canola weekly outlook: Yields still up in the air
Winnipeg – ICE Futures canola contracts recovered off of nearby lows over the week ended Sept. 5, but failed to rise to the same extent as the product values as the commodity remains expensive compared to other oilseeds. With the harvest underway across the Prairies, traders are focused on yield estimates and the size of […] Read more
Large Canadian canola ending stocks expected, reaction neutral
Canadian canola ending stocks as of July 31, 2018, came in at about a million tonnes above the previous year’s carryout, but were still well within trade expectations. Canola supplies as of July 31 were estimated at 2.391 million tonnes by Statistics Canada, with 954,000 tonnes of that in commercial hands and 1.437 million tonnes […] Read more
Soybeans, wheat down; canola holds
ICE Futures canola contracts settled within 50 cents of unchanged in the most active months on Wednesday, lacking any clear direction throughout the lightly-traded session. Temperatures dipped below freezing in parts of Alberta and Saskatchewan overnight. While the anecdotal reports were not pointing to any serious yield or quality losses, the jury was still out […] Read more
