Canola up for the fourth straight day

Winnipeg, MarketsFarm) – ICE Futures canola contracts moved up for the fourth-straight session on Tuesday, breaking above major chart resistance as persistent Prairie weather concerns kept farmer selling on the sidelines and encouraged speculative short-covering. A rally in Chicago Board of Trade soyoil was also supportive, although soybeans settled with small losses. Large old crop […] Read more

Canola futures stronger; wheat drops

Winnipeg,  (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, as fund short-covering and a lack of farmer selling on the other side provided support. Gains in Chicago Board of Trade soyoil and weakness in the Canadian dollar added to the stronger tone. The Canadian dollar was down by roughly half of a […] Read more

Canadian wheat bids edge lower – harvest and C$ weigh

Winnipeg (MarketsFarm) – Wheat bids in Western Canada edged lower during the week ended Sept. 5, as seasonal harvest pressure and strength in the Canadian dollar weighed on values.   The Canadian dollar was up by roughly a third of a cent relative to its United States counterpart on the week. The Minneapolis spring wheat […] Read more

Late U.S. crop should slow corn price declines

Winnipeg, Sept. 4 – Chicago Board of Trade corn futures fell to fresh contract lows during the week ended Sept. 4, but could be running out of room to the downside amid concerns over the lateness of this year’s United States crop. The weather is benign and the government is telling us there’s really no […] Read more

Canola steady after long weekend

WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Tuesday, as bids wobbled up and down, according to a trader. He commented there is nothing to break canola, and other oilseeds, from being range-bound. While rain over the Labour Day long weekend slowed the harvest, frost has yet to strike […] Read more

Harvest weighs on Sask pulse bids, but quality a question

Winnipeg, Sept. 3 (MarketsFarm) – Seasonal harvest pressure may be weighing on pea and lentil bids in Western Canada, but rain delays could lead to quality premiums down the road. Large green lentils delivered to the plant are currently trading at around 20 cents per pound at the high end, with red lentils topping out […] Read more

Canola futures stronger with soy

Winnipeg (MarketsFarm) – The ICE Futures canola market was stronger on Friday, taking some direction from Chicago Board of Trade soyoil as traders adjusted positions ahead of the long weekend. Markets will be closed Monday for Labour Day. Chart-based buying contributed to the gains, although the November contract ran into resistance around C$450 per tonne. […] Read more

Canola dips slightly, awaits crop size clarity

Winnipeg, (MarketsFarm) – The ICE Futures canola market settled with small losses on Thursday, after trading to both sides of unchanged in choppy activity. With little fresh news in the market, participants were content to keep prices steady until they get a better handle on the size of this year’s crop, according to a trader. […] Read more

Canola futures settle higher

Winnipeg – The ICE Futures canola market settled with small gains on Wednesday, after trading to both sides of unchanged in choppy activity as the market reacted to Statistics Canada’s first survey-based production estimate of the crop year. Statistics Canada pegged the 2019/20 canola crop at 18.45 million tonnes, which would be down by nearly […] Read more

Canola futures sink again

Winnipeg – The ICE Futures canola market was weaker on Tuesday, breaking below nearby chart support. Seasonal harvest pressure and losses in Chicago soybeans contributed to the declines. A move below C$448 per tonne in the November contract was bearish from a chart standpoint, which encouraged some additional speculative selling, according to a trader. Better-than-expected […] Read more