Winnipeg– The ICE Futures canola contacts finished the day weaker, pulled down by weak demand for the crop. Chicago Board of Trade soybean, oil and meal contracts were all down too. New customs data released from China this morning showed December soybean imports dropped 40.1 per cent from last year. However, soybean imports in November […] Read more
Ashley Robinson
Stories by Ashley Robinson
Nutrien merger effects ongoing one year later
WINNIPEG – After clearing various regulation hurdles, Agrium and the Potash Corporation of Saskatchewan merged together at the start of 2018 to become the world’s largest fertilizer company, Nutrien. At the time Nutrien had made various promises and many in Western Canada were cautious, hoping for the best but not fully knowing what to expect. […] Read more
Prairie wheat bids dragged down by rallying loonie
Winnipeg – Wheat bids in Western Canada were mostly weaker for the week ended Jan. 11, as a stronger Canadian dollar weighed on prices. Average Canada Western Red Spring (13.5 per cent CWRS) wheat prices were down, falling by C$3 to C$4 per tonne, according to price quotes from a cross-section of delivery points compiled […] Read more
Spring wheat prices fared well last year
Increasing global wheat acreage threatens the prairie party, while a recovery in durum prices will require acres to fall
Spring wheat prices in Western Canada enjoyed a strong year, but durum prices weren’t so lucky. However, heading into 2019, spring wheat prices could fall victim to increasing global wheat acreage, while durum prices will need to see acreage fall. When looking at data from the PDQ (Price and Data Quotes), Canadian Western Red Spring […] Read more
Canola stuck in winter slump
WINNIPEG – The ICE canola futures market has hit the winter lull and there isn’t much driving it, according to one trader. “The meal has been a leader to the upside, so that again should help crush margins and it has helped crush margins. But trade has been lackluster and I expect that to continue […] Read more
Canola down slightly, wheat mixed
The ICE Futures canola contacts closed slightly weaker Wednesday, as contracts continued to lag on the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all stronger. The soy complex found support from positive news out of the China and United States trade talks. The talks wrapped up today after three […] Read more
U.S. company partners with James Cameron owned pulse processor
WINNIPEG – Saskatchewan pulse processing company, Verdient Foods Inc., has entered into a joint venture agreement with American company Ingredion to expand operations. The Vanscoy, Sask. organic pea protein fractionation facility has been running since last year and the new agreement will see it expand operations to include more pulses. “We’ve identified plant-based proteins as […] Read more
USDA reports delayed by government shutdown
WINNIPEG – The ICE canola futures market spent the holiday season like it usually does, paying attention to the goings-on south of the border. However, near the end of the two-week holiday period, canola broke out on its own due to a rally in the Canadian dollar. The holidays were kicked off by a partial […] Read more
Prairie feed grain prices higher than last year
WINNIPEG – Nice weather over the holidays allowed for good movement of feed grains in Western Canada, with prices steady to above year ago prices levels. “I would say we cruised through Christmas and (the) New Year holidays fairly well. Not a lot of massive panic. We had nice weather which really helped, loads continued […] Read more
Stronger dollar, soy puts opposing pressures on canola
The ICE Futures canola contacts closed narrowly mixed, after having spent the trading session finding support from a strengthening soy complex and pressure from a stronger Canadian dollar. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all stronger at market close. Traders shifted their attention throughout the day from United States’ equity […] Read more
