While the majority of the Western Canadian crop is no longer vulnerable to frost, there are still areas where wheat and canola, as well as longer-season soybeans and corn, are not ready for the freezing temperatures that are expected over the next few nights. According to Bruce Burnett, weather and crop specialist with CWB, between five and 10 percent… Read More
Category: Grain Markets
Coming off the long weekend in North America, the grains market started the month of September trying to hold onto higher levels on varying weather affecting crop development and the situation continuing to unfold in eastern Europe. While reports vary on a proposed ceasefire between the Ukrainian army and pro-Russian separatists, the latest rumour to… Read More
ICE Futures Canada has made some small changes to its canola, durum, milling wheat and barley contracts following the challenges with rail service over the last year. A notice sent to market participants on Thursday outlined several amendments regarding shipping that apply in instances where there could be physical delivery against a contract. President and Chief Operating… Read More
There’s less canola and wheat left from last year’s bumper crop than traders and analysts thought, according to the Statistics Canada stocks report released on Friday morning. Wheat stocks as of July 31st were pegged at 9.8 million metric tonnes, up 94 percent from the same time last year, but generally below expectations. Canola supplies… Read More
By Larry Martin As this is written, December corn futures have traded in a range between US $3.81 and $3.58 for six weeks, since mid-July. This range came after a precipitous drop from the $5.00 area in April and May. Everyone is trying to guess where the market’s going from here. Of course no one… Read More
The grain company evolving from the former Canadian Wheat Board has announced construction of its third new elevator in Western Canada. CWB says it’s beginning construction on a 42 thousand metric tonne elevator at Pasqua, Saskatchewan — approximately 10 kilometres east of Moose Jaw on Highway 39. The facility will be adjacent to the CP… Read More
While oat supplies will be tighter than normal this year, problems getting the crop to market continue to put downward pressure on cash bids in Western Canada. “Oats is going to remain a tight supply, tight shipping market,” says Lorne Boundy, a Winnipeg-based oat merchandiser with Paterson Grain, in the following interview. The federal government’s… Read More
As we close the month of August, the harvest itch was replaced in most areas with frustration as most of the U.S. Midwest and Canadian Prairies got hit with some untimely, heavy rains. The recent rains were seen as positive for both sides of the cornbelt with Iowa, Illinois, Indiana, & Nebraska all getting a… Read More
High disease levels have winter wheat growers in Western Canada concerned about the market prospects for the crop. Samples brought to elevators in some areas — especially central Manitoba — have contained up to 20 percent fusarium damaged kernels. Buyers have started discounting grain based on the related potential vomitoxin levels. So where will this… Read More
Viterra has announced plans to build a new grain terminal near the company’s canola crush plant at Ste. Agathe, Manitoba. The company says it will have storage capacity of around 30 thousand metric tonnes with loading facilities for trains of up to 124 cars. The site also has access to service from both CN Rail… Read More