WINNIPEG – It’s a mixed bag in many ways for Saskatchewan’s pulse crops this year as a dry summer and late rains have meant different things for various crops. According to one industry expert though, the overall picture doesn’t look bad. “I think overall, if you assess the entire province it will come in as […] Read more
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Soy rebounds; weather supports canola
Winnipeg – The ICE Futures canola platform ended slightly higher on Thursday, following gains in the U.S. soy complex. Weather issues continue to lend support to futures, as farmers in parts of Western Canada waited for drier conditions to finish the harvest. The November contract continues to receive technical support at the C$485 per tonne […] Read more
Spec selling pressures corn and soybeans
WINNIPEG – A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the United States Department of Agriculture released production estimates on Sep. 12 that were higher than expected. According to a trader in the industry, these and other challenges have painted […] Read more
Heavy rains threaten soybean quality
Heavy rains across the American Midwest and a murky outlook on international trade appear ready to drive down the soybean market in the lead-up to next week’s supply and demand report. The United States Department of Agriculture will release its monthly estimates on Sept. 12 and traders have already started to take positions. “We saw […] Read more
Canola forecast by StatsCan deemed supportive by trade
WINNIPEG – A summer of dryness and sizzling heat has apparently taken its toll on canola plants in many areas of Western Canada, according to the latest crop production estimate by Statistics Canada. In a survey that was compiled in the latter days of July, Statistics Canada pegged canola production for 2018/19 at 19.2 million […] Read more
Canola set to bounce around bottom of long-range
WINNIPEG – Contracts on the ICE Futures canola market are bracing for turbulence in the coming days as trade negotiations between Canada and the United States and a looming production report from Statistics Canada takes center stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send […] Read more
Questions remain over impact of hot weather on canola yields
Harvest came early for some crops in Western Canada this year. A few canola crops in Manitoba are already in the bin as warm temperatures and a lack of rain helped growers hit the fields quicker than other years. However, a hot and mostly dry summer on the Prairies has left many growers guessing about […] Read more
Canola falls in tandem with soybeans
Canola contracts on the ICE Futures platform ended weaker Tuesday, following losses in Chicago Board of Trade soybeans. Temperatures across Western Canada have dropped over the past few days, giving the crop a break from last week’s heat wave. Funds remain short in the market as most analysts expect the oilseed harvest throughout North America […] Read more
Trade uncertainty weighing on Manitoba pork prices
WINNIPEG – The ongoing trade battle between China and the United States, along with the general uncertainty in the global trade market is starting to put a damper on Manitoba pork prices. In Canada, the formula price used by domestic farmers is based on the national base price in the U.S. That price is determined […] Read more
Corn and soybean futures run into strengthening U.S. currency
WINNIPEG – The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities like soybeans and corn. As the Turkish lira drops in value many investors have begun to put their money into the United States currency. It’s a common move when markets are troubled as the […] Read more
