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

Canola weakens at day’s end

Winnipeg (CNS Canada) – ICE Futures canola contracts were weaker on Thursday, as bearish chart signals and ideas that the commodity remains expensive compared to other oilseeds weighed on prices. Relatively favourable Prairie crop conditions added to the softer tone, despite lingering concerns over excessive dryness in some areas excessive moisture in others. Updated supply/demand […] Read more


Soybeans futures weakest in 10 years

Winnipeg – ICE Futures canola contracts were down sharply on Wednesday, as heightened world trade tensions had speculators firmly on the sell side of the market. The ongoing trade war between the United States and China saw the U.S. announce it was considering placing 10 per cent tariffs on an additional US$200 billion worth of […] Read more

Speculation pushes canola to five-month low

Winnipeg – ICE Futures canola contracts were weaker on Tuesday, with the November contract settling at its lowest level in five months as some stops were hit and speculators added to their growing net short positions. Ideas that canola was looking expensive compared to other oilseeds contributed to the selling pressure, as the losses in […] Read more

Selloff drives grain futures lower

Winnipeg – ICE Futures canola contracts were lower on Monday, taking back much of Friday’s gains as a selloff in Chicago Board of Trade soybeans weighed on prices. Speculators were noted sellers, booking profits to start the week as global trade concerns were overhanging the agricultural markets. However, canola lagged soybeans to the downside. Hot […] Read more


Weaker dollar boosts canola

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, as weakness in the Canadian dollar helped the market recover from earlier declines. The Canadian dollar lost more than half a cent relative to its United States counterpart, boosting crush margins and making exports more attractive to international buyers. Ideas that recent […] Read more

Canola dips again

  Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Wednesday, taking some direction from a downturn in Chicago Board of Trade soybeans. Bearish technical signals contributed to the declines, with some stops hit on the way down as prices dipped below nearby support. Relatively favourable North American crop conditions also weighed […] Read more