CNS Canada — Smaller Canadian canola and wheat crops in 2015-16 should keep some extra attention on the carryout from the previous crop year, when Statistics Canada releases its ending stocks report on Thursday. However, barring any surprises in the data, current weather and production prospects should remain the major drivers in futures markets. Canola […] Read more
Small new crops keep eyes on ending stocks ahead of StatsCan
G3 Global closes CWB deal and retires name
Commodity News Service Canada – G3 Global Grain Group, a newly established agribusiness joint venture based in Winnipeg, has officially closed its investment in a majority interest in CWB, the former Canadian Wheat Board. CWB will be combined with the grain assets of Bunge Canada to form a new Canadian agribusiness, G3 Canada Limited, a […] Read more
ICE weekly outlook: Canola receives boost from soybeans
CNS Canada — The ICE Futures Canada canola market pulled higher during the week ended Tuesday, following heavy gains in the U.S. soy complex which advanced to its highest point in five months Tuesday. Traders were keenly observing Tuesday’s 2015-16 Statistics Canada acreage report which called for 19.84 million acres of canola in Western Canada. […] Read more
Nearby spring wheat charts looking bullish
CNS Canada — Nearby technical signals for MGEX spring wheat futures in Minneapolis have turned bullish, as prices rallied during the first part of June. However, the market remains rangebound from a longer-term perspective. The July wheat contact in Minneapolis has climbed by 50 cents per bushel since June 1, and settled Tuesday at US$5.8275. […] Read more
Declining canola crush margins start to be felt
CNS Canada –– Declining canola crush margins are finally starting to be felt in the Canadian processing sector. The weekly crush pace took a hit, in the latest report from the Canadian Oilseed Processors Association. Domestic crushers processed only 126,917 tonnes of canola during the week ended Wednesday, according to COPA data. That figure represents […] Read more
U.S. spring wheat seeding ahead of average pace
CNS Canada — Hard red spring wheat planting in the U.S. is underway and advancing faster than average due to favourable warm, dry weather in many regions, according to the North Dakota Wheat Commission’s crop progress report. As of Sunday, 17 per cent of the U.S. spring wheat crop was in the ground, up from […] Read more
St. Lawrence Seaway opening delayed
CNS Canada — The reopening of the St. Lawrence Seaway will be delayed by a week, with the navigation season now set to begin April 2, according to a notice from the St. Lawrence Seaway Management Corp. Citing “careful review and consideration of factors and conditions affecting safe navigation and effective system transit,” seaway officials […] Read more
CWB building sold: reports
CNS Canada — The former Canadian Wheat Board’s downtown Winnipeg office building has been sold, according to media reports. The eight-story building on Main Street was bought by Calgary-based Hopewell Development, reportedly for $9.7 million. The former wheat board, now called CWB, will continue to lease two floors of the building. The sale was initially […] Read more
Wheat midge populations to collapse in parts of Alta.
CNS Canada — Recent large wheat midge populations in the eastern Peace region of Alberta are expected to collapse in 2015, according to a forecast report from the Alberta Insect Pest Monitoring Network. But there is still a risk of higher populations in the region due to the very large levels of the insect population […] Read more
Farm groups welcome bill overhauling grain producer protection
CNS Canada –– Proposed federal legislation to upgrade grain producer protection has generally been met with approval from Prairie farm groups. Bill C-48, the Modernization of Canada’s Grain Industry Act, was introduced Tuesday in the Commons, including a number of amendments to the Canada Grain Act, with the creation of a compensation fund to protect […] Read more
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