Canola chops around, ends higher

Winnipeg, January 9 (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished mostly stronger on Tuesday, propped up by speculative buying. Gains in vegetable oil were supportive for canola. There are some concerns about the lack of snow-cover in parts of Saskatchewan and Alberta. Traders were positioning themselves ahead of Friday’s USDA […] Read more

Agrium, Potash Corp merger shouldn’t have much of an impact yet

WINNIPEG (CNS) – Farmers shouldn’t be too concerned yet that the recent Agrium, Potash Corp of Saskatchewan merger will cause an increase in the price of fertilizer, at least according to the president of one provincial producer group. “(The merger is) a hard one to find a whole bunch of negatives or positives about it. […] Read more

Corn and soybean markets quietly await USDA reports

WINNIPEG – Corn and soybean contracts are remaining quiet at the Chicago Board of Trade (CBOT) as traders await United States Department of Agriculture (USDA) reports due out next week. “(The report is) a big one. I guess most (people are) and I am too looking for a little bit bearish numbers again,” said Scott […] Read more

La Nina set to weaken heading into spring

WINNIPEG, Jan. 3 (CNS) – Despite being gripped by freezing temperatures, one weather expert says he thinks the Canadian Prairies will see a weakening of the La Nina weather phenomena in the coming months, which will mean more moisture come spring-time. “Most likely we’ll have neutral conditions with a slight La Nina bias during the […] Read more

Canola closes out year with small gain

Winnipeg, Dec. 29 (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished slightly higher on Friday, propped up by gains in United States soybeans and soyoil. Cold temperatures across the Prairies discouraged farmer deliveries. The most-active March contract received some technical support at the C$485 per tonne mark. The market chopped around […] Read more

PotashCorp-Agrium merger receives final approval

WINNIPEG — PotashCorp and Agrium Inc. received clearance from the U.S. Federal Trade Commission today to merge, paving the way for the deal to close as of Jan 1. “This final clearance marks a significant milestone in bringing two industry leaders together,” Agrium president Chuck Magro said in a joint news release between the two […] Read more

India imposes duties on chickpeas and lentils

WINNIPEG — India is introducing 30 per cent tariffs on imports of chickpeas and lentils, the government announced today. The import duties follow the 50 percent tariff on yellow peas that India introduced in November, and come as part of ongoing efforts by India to support farmers. “Production of chana (chickpeas) and masoor (lentils) are […] Read more

Corn and soybean futures prices struggle

WINNIPEG, Dec. 13 (CNS) – Soybean and corn futures both suffered losses over the past week as improving weather patterns in South America have pushed the commodities below their recent support levels. March corn dipped below the psychologically-important US$3.50 a bushel level on Tuesday, Dec. 12. The market was pressured by the USDA’s monthly supply […] Read more

Canadian dollar set to weaken heading into New Year

Winnipeg, Dec. 7 (CNS Canada) — The Canadian dollar has seen some wide moves over the past week, but appears to be trending lower relative to its U.S. counterpart heading into 2018, according to a currency analyst. “We see (the Canadian dollar) weaker for the first quarter of this year,” said currency strategist Mark Chandler, […] Read more

Council promotes canola during China trip

WINNIPEG, Nov. 20 (CNS) — The Canola Council of Canada (CCC) is pleased as it prepares to return to Canada following a trade mission to China. “We feel we’ve had a very successful week of promoting canola in China. As you know it’s a very important market, it’s a growing market for canola,” said Jim […] Read more