Canola holds amidst harvest uncertainty

ICE Futures canola contracts held near unchanged in thin and choppy activity on Monday, although the bias was lower at the closing bell. Losses in Chicago Board of Trade soybeans accounted for some spillover selling pressure in canola, according to participants, with the Canadian oilseed still looking expensive compared to its United States counterpart. However, […] Read more

Visible Canadian canola and wheat stocks building

The harvest may be stalled in parts of Western Canada, but grain and oilseed supplies in the commercial pipeline keep growing. Visible canola stocks came in at 1.034 million tonnes in the latest report from the Canadian Grain Commission, for the week ended Sept. 16. That compares with 888,100 tonnes the previous week and would […] Read more

Canola finishes higher; wheat trends down

ICE Futures canola contracts ended higher on Thursday, after a choppy day that saw the market trade to both sides of unchanged. Continued weakness in the Canadian dollar, which has lost about one cent relative to its United States counterpart over the past week, provided some support. Uncertainty over the extent of the damage caused […] Read more

Soybeans, wheat down; canola holds

ICE Futures canola contracts settled within 50 cents of unchanged in the most active months on Wednesday, lacking any clear direction throughout the lightly-traded session. Temperatures dipped below freezing in parts of Alberta and Saskatchewan overnight. While the anecdotal reports were not pointing to any serious yield or quality losses, the jury was still out […] Read more

Canola gains with soybeans

Winnipeg – ICE Futures canola contracts settled with small gains on Friday, as a late bounce in Chicago Board of Trade soybeans provided some support. Soybeans had been down by as much as 15 cents per bushel for much of the session, but recovered in the final minutes of trade to settle with only small […] Read more

Canola falls amid harvest, water worries

Winnipeg – ICE Futures canola contracts were weaker on Wednesday, taking back all of Tuesday’s gains as losses in the Chicago soy complex weighed on values. The looming harvest and a lack of fresh weather worries in Western Canada added to the softer tone in canola, according to participants. However, persistent concerns over heat and […] Read more

Soybeans’ strength firms up canola

Winnipeg – ICE Futures canola contracts were stronger on Tuesday, as gains in Chicago Board of Trade soybeans encouraged some spillover speculative buying interest. Argentina announced it was suspending a program of cutting export taxes on soybeans and soy products, which was bullish for North American oilseed prices, according to a trader. The recent heat […] Read more

Canola sees small gains Monday

Winnipeg – ICE Futures canola contracts settled with small gains on Monday after posting losses in the most active months for most of the session. Gains in Chicago Board of Trade soybeans and soyoil provided some underlying support for canola, while a softer tone in the Canadian dollar also underpinned the futures. Recent extreme heat […] Read more

Weather pushes Prairie wheat higher

Hard red spring wheat bids in Western Canada climbed higher during the week ended July 27, as heat and dryness concerns in a number of key wheat growing regions of the world sparked a rally in the United States futures. Production estimates out of Europe, the Black Sea region, and Australia were all seeing downward […] Read more

Canola shows stronger

Winnipeg – ICE Futures canola contracts were stronger on Thursday, as the oversold market found support from concerns over hot and dry growing conditions in parts of Western Canada. In addition to the weather concerns, canola was also underpinned by weakness in the Canadian dollar which was down by about half a cent relative to […] Read more