The ICE Futures canola platform were weaker at market close, seeing a correction following yesterday’s large gains for the oilseeds markets. Chicago Board of Trade (CBOT) soybean contracts were up while oil and meal contracts were down. Yesterday saw oilseed markets jump in value after United States President Donald Trump tweeted that he talked with […] Read more
Ashley Robinson
Stories by Ashley Robinson
Soy soars, boosts canola, after Trump tweet
The ICE Futures canola platform were stronger at market close, finding spillover support from the soybean market. The canola market was lower in early morning trade as a stronger Canadian dollar weighed on it. However, United States President Donald Trump tweeted midmorning that he had a “long and very good conversation” with Chinese President Xi […] Read more
ICE canola could go lower still
It’s a dismal outlook for the ICE canola market as it has hit new yearly lows and could go lower still, according to one trader. “Unfortunately the news for the moment doesn’t seem to be overwhelmingly bullish news. It continues to be a little bit on the tad negative side,” said Keith Ferley of RBC […] Read more
Canola weight by seasonal harvest; Soybeans hits monthly low;
The ICE Futures canola platform were weaker at market close. Chicago Board of Trade (CBOT) soybean and meal contracts were stronger though after starting the day lower. The shift happened as soybeans looked to regain ground after hitting new monthly lows in overnight trade. Soyoil contracts were mixed. South American seeding is weighing on the […] Read more
Weaker dollar limits canola, soybean losses
The ICE Futures canola platform were weaker at market close following soybeans. However, the weaker Canadian dollar limited losses for the market. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were weaker also. Seasonal harvest pressure weighed on the market. It is expected farmer deliveries should slow down soon, however there is concern […] Read more
Weather weighed on 2018 Manitoba crop
Conditions were variable across Manitoba throughout the 2018 growing season, according to the provincial crop report released Oct. 29. As of Oct. 29, provincially 97 percent of the total crop was harvested. Crops completely finished include winter wheat, fall rye, field pea and dry bean. The spring wheat, barley, oat and canola crops are 99 […] Read more
Canola, soybean markets drop slightly
The ICE Futures canola platform were weaker at market close, following the lead of soybean contracts. The market was mostly sideways in trade today, holding range bound. Chicago Board of Trade (CBOT) soybean and oil contracts were down, while meal contracts were mixed. Last week saw heavy farmer selling, Canadian Grain Commission data released on […] Read more
Manitoba cattle market better than rest of Prairies
While cattle prices are starting to soften across most of Western Canada, Manitoba is finding itself as the exception. “In Manitoba things aren’t looking too bad. They’ve got some options there, their price has almost been a premium, or some of the strongest in Western Canada,” said Brian Perillat, manager and senior analyst at Canfax. […] Read more
Trade certainty not expected to strengthen Canadian dollar
Even with more certainty around trade with the United States, Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short-term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P. Gervais, chief agriculture […] Read more
Choppy corn and soy markets expected
Chicago Board of Trade (CBOT) soybean contracts could see some action this week as the November contract near expiry. The corn contracts could also be hopping around during the week. “We’re getting some pressure in these markets because of the harvest pace that’s going on for the U.S. producer. So farmers are out there, they’re […] Read more
