WINNIPEG – Temperatures as high as 38 C were recorded in the Western Prairies over the weekend, and with that heat comes questions about crop impact. As far as pulses go, lentils and peas are far enough along that the recent heat-wave is unlikely to affect them from a yield perspective, according to Carl Potts […] Read more
Stories by Dave Sims
Canola fights to stay above C$500 level
WINNIPEG – The ICE Futures canola market continues to take strength from a heat wave that has gripped much of Western Canada, however the results of a looming agriculture report may ultimately determine which direction it goes. On Friday, August 10, the United States Department of Agriculture will release its monthly supply and demand estimates. […] Read more
Prairies to stay mainly hot and dry in August
WINNIPEG – The summer heat wave that has brought excess dryness to much of southwest Saskatchewan and southern Alberta looks set to continue. According to Drew Lerner of World Weather Inc., much of Western Canada will be dealing with a restricted amount of rain and hotter-than-normal temperatures in August. “I don’t think it will be […] Read more
Dwindling diesel supplies could boost price
WINNIPEG – Strong global demand and a looming North American harvest could send diesel prices higher in the coming months. According to one energy analyst in Chicago, farmers may want to buy some fuel before prices get too high. “We’re telling our people to hedge some of your exposure, because we do think that, barring […] Read more
Crude oil and canola part company
WINNIPEG — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. On […] Read more
Dryness in west, higher soyoil prices boost canola
Winnipeg – Canola contracts on the ICE Futures Canada finished higher on Wednesday, taking strength from advances in soyoil and dryness problems in Western Canada. Gains in U.S. soybeans and recent weakness in the Canadian dollar also pointed the way higher. Some funds were out looking for bargains, according to an analyst in Winnipeg. Spread […] Read more
Hot weather, Chinese interest pushes canola higher
Winnipeg – Canola contracts on the ICE Futures Canada platform posted modest gains to start the week, following advances in U.S. soybeans. Hot weather across Western Canada continues to stress dry regions in Saskatchewan and Alberta. Technical buying was a feature of the day. There are ideas China is more interested in canola than normal, […] Read more
Crude oil and canola part company – for now
WINNIPEG – The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. On […] Read more
Canola, soybeans end the week higher
Winnipeg – Canola contracts on the ICE Futures Canada platform finished higher on Friday, taking strength from solid gains in soybeans and soyoil. Traders were squaring positions before the weekend. Much of Western Canada is expecting hot temperatures over the weekend and early into next week, which should stress some areas of Saskatchewan and Alberta. […] Read more
Canola to face pressure from U.S. soybeans flowing into Canada
WINNIPEG – As Friday’s deadline nears for Chinese tariffs to be imposed on imports of U.S. soybeans, so too does the idea that eastern crushers could soon be bringing those unwanted beans into Canada. “Soybeans have become so cheap we’re going to find them leaking across the border, especially into Ontario,” said Mike Jubinville of […] Read more
