WINNIPEG(CNS) – The ICE Futures Canada canola market could be going on a choppy ride this summer as weather challenges and the topsy-turvy world of international trade battles threaten to fill the next few months with volatility. “Particularly in the summer months, Trump issues and weather issues will be the primary drivers, both are hard […] Read more
Stories by Dave Sims
Higher demand, weaker dollar boosts canola
Winnipeg – Canola contracts on the ICE Futures Canada platform finished higher on Thursday, due to strong demand and weakness in the Canadian dollar. The Canadian dollar was roughly a third of a cent lower, relative to its American counterpart, which made canola more attractive to international buyers. Advances in Malaysian palm oil and European […] Read more
Pulses off to good start in dry conditions
WINNIPEG — Dry soil conditions persist across many portions of Western Canada, but the outlook for pulse crops seems fairly promising, according to a crop extension specialist with the Saskatchewan government. “For the pulses, seeding has been going fairly well,” said Daphne Cruise. “A lot of the pulses are in already.” Many of the province’s […] Read more
Lower CDN dollar boosts canola
Winnipeg – The ICE Futures Canada canola market ended higher on Wednesday, due to action in the Canadian currency. The Canadian dollar was lower, relative to its U.S. counterpart, which made canola more attractive to international buyers. Gains in the U.S. soy complex were bullish for canola. Concerns over excess dryness in multiple areas of […] Read more
Corn and soybeans sinking below major support
WINNIPEG (CNS) – Corn and soybean futures on the Chicago Board of Trade softened in value during the week ended May 16 and could be set to drop even more as growing conditions improve in the United States. Rainy conditions across the U.S. Midwest and U.S. Plains have pressured prices in recent days. The July […] Read more
Prairie pulses off to good start despite dry conditions
WINNIPEG (CNS) – Dry soil conditions persist across many portions of Western Canada but the outlook for pulse crops seems fairly promising, according to a crop extension specialist with the Saskatchewan government. “For the pulses, seeding has been going fairly well,” said Daphne Cruise. “A lot of the pulses are in already.” Many of the […] Read more
Canola faces big carryout
WINNIPEG (CNS) – Canola contracts continue to chop around the C$525 to C$535 per tonne range during the week ended May 11, despite some recent government reports that were deemed bullish for the market. On Thursday, the USDA released its monthly supply and demand report where it lowered its estimate of the ending stocks for […] Read more
Big stocks for canola; oilseeds down for the day
Winnipeg (CNS Canada) – The ICE Futures Canada canola market ended lower on Friday, tracking losses in Chicago Board of Trade soybeans. Fund action was extremely limited, resulting in a day of low-volume trade. Statistics Canada released stocks numbers today that pegged canola stocks at a whopping 9.1 million tonnes as of March 31, which […] Read more
Canola steady; anticipation of new stock data
Winnipeg (CNS Canada) – The ICE Futures Canada canola market ended mixed on Wednesday. The front-month July contract was boosted by gains in soyoil while the more deferred contracts were pressured by strength in the Canadian dollar. Traders were positioning themselves ahead of North American stocks data that will be released over the next two […] Read more
ICE Canada Weekly Outlook: Canola waits on stocks data
WINNIPEG (CNS) – ICE Futures Canada canola contracts continue to chop around within a fairly tight range, but that could all change in the next few days as stocks data for North American oilseeds is due to be released. On Thursday, the USDA is set to release its May supply and demand report along with […] Read more
