WINNIPEG – The latest acreage report by Statistics Canada failed to surprise most investors in the canola market, however it still could leave futures looking overpriced, according to a trader. “It certainly is a negative number,” said Ken Ball, of PI Financial in Winnipeg, referring to the agency’s estimate for canola. Statistics Canada pegged acreage […] Read more
Stories by Dave Sims
Canola floats on weak currency
Winnipeg (CNS Canada) – Canola contracts on the ICE Futures Canada platform posted modest gains on Thursday, taking advantage of recent weakness in the Canadian currency. The Canadian dollar is near its lowest level, relative to the U.S. dollar since last year. Demand for canola remains steady while slow farmer selling added to the upside. […] Read more
Canola, soy on the rise
Winnipeg(CNS Canada) – Canola contracts on the ICE Futures Canada platform finished higher Wednesday, propped up by sharp gains in Chicago Board of Trade soyoil. Weakness in the Canadian dollar and slow farmer selling was supportive for the market. There are rumours China began buying more canola over the past few days as a result […] Read more
Feed barley prices feel pressure
WINNIPEG (CNS) – Prices for feed barley remain solid in Western Canada but demand could be lessening somewhat as the summer season unfolds. “Buyers seem to have decent coverage going into later summer,” said Jared Seitz, of Agfinity in Stony Plain, Alberta. “So their pricing is starting to pull back.” Prices for feed wheat and […] Read more
Projection of lower corn, soy stockpiles helps canola
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished slightly higher Tuesday, following the release of the USDA’s supply and demand estimates. The USDA projected lower stockpiles of U.S. corn and soybeans, which was supportive for canola. Recent weakness in the Canadian dollar helped prop up canola as it made the commodity more […] Read more
Soybean prices drag canola down
Winnipeg (CNS Canada) – The ICE Futures Canada canola market ended lower on Friday, once again weighed down by losses in the U.S. soy complex. It was the fourth consecutive session that canola futures finished the day lower. Modest strength in the Canadian dollar was bearish for canola and the technical bias was pointed lower. […] Read more
Canola, soybeans finish lower
Winnipeg (CNS Canada) – Canola contracts on the ICE Futures Canada platform recorded losses Thursday, following a downturn in soybeans on the Chicago Board of Trade. Losses in vegetable oil markets also weighed on the canola. The ongoing trade saga between the United States and China cast uncertainty in the market, which spooked some investors. […] Read more
Bison prices increase with better access
WINNIPEG — Prices for Canadian bison are slowly gaining ground as the industry continues to try and expand its global footprint. While the United States remains Canada’s largest export market, efforts have been made to increase access to Mexico, Europe and some parts of Asia. Last year, about 11,500 animals were slaughtered domestically while 17,600 […] Read more
Flea beetles take advantage of late seeding
WINNIPEG — A heat wave in late May and a slow start to the planting season has created some ideal conditions for flea beetles. Pest specialists in Saskatchewan and Manitoba say farmers have already begun to spray for the beetle in certain locations. “They’ve been getting good conditions to feed under, they like it when […] Read more
Canola down slightly in light trading
Winnipeg (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished slightly weaker Wednesday in technical trading. Losses in Chicago Board of Trade soyoil and soybeans were bearish for prices. “Also, large funds have been in liquidation mode,” said a trader in Winnipeg. “I think we have the funds under 10,000 contracts […] Read more
