Winnipeg (CNS Canada) – The ICE Futures Canada canola market posted gains on Tuesday, taking strength from a weaker Canadian dollar. Soybeans on the Chicago Board of Trade were higher, which helped prop up the market. Canola lagged the U.S. market by a few dollars amid low volume trade. However, losses in soyoil dragged on […] Read more
Stories by Dave Sims
Canola follows soybeans lower
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished lower on Monday, tracking losses in U.S. soybeans. Warm weather across Western Canada helped farmers make good seeding progress over the weekend, which dragged on prices. The favorable temperatures are reinforcing expectations that a large canola crop will be coming this year. Canola is […] Read more
Canadian hog prices steady themselves as barbecue season nears
WINNIPEG (CNS) – With barbecue season on the horizon, prices for Canadian pork rose during the week ended April 27, breaking out of their month-long fall. The timing could be perfect too as negotiators have already begun working on improving trade relations and cancelling proposed tariffs on Chinese imports of United States pork and other […] Read more
May showers likely to leave growers unsatisfied
WINNIPEG (CNS) – The Canadian Prairies can expect to see regular amounts of rainfall in most regions during the month of May, but it likely won’t be enough to offset the dry conditions recorded over the past several months. According to Drew Lerner of World Weather Inc. in Kansas City, the first half of May […] Read more
Canola finishes weaker
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished weaker on Thursday in technical selling. Traders were positioning themselves ahead of tomorrow’s acreage report by Statistics Canada. Some farmers in Western Canada will likely begin planting next week due to the warm weather. Canola is looking expensive relative to soybeans and other oilseeds. […] Read more
Loonie’s rally is likely over
WINNIPEG — The recent climb of the Canadian dollar is creating some headaches for exporters in Canada, but the bulk of the jump is over, according to a market analyst. “We’re working with an assumption of 80 cents for the rest of 2018,” said J.P. Gervais, chief agricultural analyst with Farm Credit Canada. On March […] Read more
Oils finish lower, estimates expect big crop
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished lower on Wednesday, tracking losses in U.S. soyoil and Malaysian palm oil. Overhead resistance weighed on the market while traders continued to exit the May contract. There are widespread expectations this Friday’s acreage estimates from Statistics Canada will forecast a record crop. However, […] Read more
Canola awaits Friday’s acreage estimates
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished mixed in choppy trading on Tuesday. Warmer weather across the Prairies and ideas the market was somewhat overbought weighed on the more deferred contracts while technical buying bolstered the front-month contracts. Traders were exiting the front-month contract and positioning themselves ahead of Friday’s acreage […] Read more
Canola attractive after rise in CDN dollar
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished higher on Monday, as weakness in the Canadian dollar made canola more attractive to international buyers. Spreading was a main feature of the day as investors continued to exit the front-month contract in favour of more-deferred values. The threat of a rail strike is […] Read more
Canadian dollar upside appears limited
WINNIPEG (CNS) – The recent climb of the Canadian dollar is creating some headaches for exporters in Canada, but the bulk of the jump is over, according to a market analyst. “We’re working with an assumption of 80 cents for the rest of 2018,” said J.P. Gervais, chief agricultural analyst for Farm Credit Canada. On […] Read more
