Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Tuesday, finding some support from advances in Chicago Board of Trade soyoil. Bullish chart-signals contributed to the gains, although canola ran into some resistance to the upside as values neared their best levels of the past month. The Canadian dollar was also stronger […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canola firms, while beans fall
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Monday, as supportive chart signals and improving crush margins kept both processors and speculators on the buy side to start the week. Advances in Chicago Board of Trade soyoil and weakness in the Canadian dollar were both supportive for crush margins. Recent activity […] Read more
Canadian spring wheat bids drop with large U.S. acreage ideas
Winnipeg (CNS Canada) – Hard red spring wheat bids in Western Canada moved lower during the week ended March 29, as losses in the Minneapolis futures weighed on values. A report from the United States Department of Agriculture predicting much larger spring wheat acres in the country than many analysts had expected accounted for the […] Read more
Canola ends mixed, soy down
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex ended mixed on Tuesday, with the nearby May contract propped up by the Canadian currency while the more-deferred contracts sank in sympathy with U.S soybeans. Farmer hedges were a feature of the day’s activity and put pressure on prices, according to a trader in Winnipeg. […] Read more
Manitoba farmers to give peas a chance
Winnipeg (CNS Canada) – Total Canadian pea acres are likely to be down in 2018 as export challenges have cut into prices. However, Manitoba could be an outlier, with increased area to the pulse crop a strong possibility. “People are interested in growing peas, but there’s caution there,” said Francois Labelle, executive director of Manitoba […] Read more
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
Canola settles with small gains
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts held onto small gains on Friday, seeing some follow-through buying to end the week as supportive technical signals kept speculators on the buy side. Weakness in the Canadian dollar accounted for much of the strength in the futures, as the declining currency made exports more attractive […] 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
