WINNIPEG – ICE Futures Canada canola contracts appear to be tilting to the downside as they enter the Easter break, and will likely need support from a key USDA report if they want to stay in their current range. At 11:00 CDT, Thursday morning, the United States Department of Agriculture is scheduled to release its […] Read more
Stories by Dave Sims
Canola falls Monday with U.S. soybeans
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex finished weaker on Monday, following losses in U.S. soybeans. Farmer selling added to the downside and some funds were liquidating positions. Despite today’s losses, canola is still holding up relatively well, compared to its U.S. counterpart. The May, July and November contracts have comparable […] Read more
Soybeans running out of time for move upwards
WINNIPEG (CNS) – Soybean futures on the Chicago Board of Trade came off their highs during the week and could be poised for further losses, according to a trader. The most-active May contract recorded a high of US$10.77 a bushel on March 7 but ended at US$10.32 during the March 14 close. Jack Scoville of […] Read more
Enjoy stable diesel market while you can – analyst
WINNIPEG (CNS) – The short-term outlook for the diesel market in North America calls for current prices to remain largely untouched through spring planting, however it could change drastically after that. According to Tom Kloza of the Oil Price Information Service in New Jersey, prices for diesel could even get higher than crude oil. “It […] Read more
Canola lifted by CDN currency
Winnipeg (CNS Canada) – The ICE Futures Canada canola ended higher on Monday, taking support from a falling Canadian currency. The Canadian dollar was barely hanging above the 77 US cent mark, which makes canola more enticing to foreign buyers. Gains in U.S. soybeans were supportive for the market. Snowfall across the Prairies over […] Read more
Weekly Manitoba cattle report
WINNIPEG(CNS) – The effects of this winter’s cold temperatures are starting to become evident as cattle in Manitoba seem to be showing up at auctions weighing slightly more than last year. “Cattle eat well in the cold and they eat more when it’s cold,” said Allan Munroe of Killarney Auction Mart. He adds last year’s […] Read more
Canola picks up gains amid market turmoil
Winnipeg, MB, (CNS Canada) – The ICE Futures Canada canola posted gains to finish the week, taking support from the Canadian currency. The Canadian dollar was lower, relative to its U.S. counterpart, which made canola more attractive to international buyers. Gains in U.S. soybeans were supportive for the market. A proposal by U.S. President […] Read more
Canola firms despite worries over carryout
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex finished higher on Thursday, despite growing fears that this year’s carryout could get much larger. “We might end up being under last year’s number for exports,” said a trader in Winnipeg. “That means our carryout could balloon to 2.5 million tonnes pretty easily.” He adds […] Read more
Canola follows soy higher
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex continued to rise alongside U.S. soybeans and soyoil. Dry weather in Argentina underpinned the futures. Spread action was steady as traders continued to roll out of the March contract and into May. Weakness in the Canadian dollar was supportive. However, farmer selling and the […] Read more
Weekly Pulse Report: CDN pulse acres on downswing
WINNIPEG (CNS) – Pulse prices in Western Canada showed some movement during the week ended Jan. 30, but mostly hung range-bound as India’s import restrictions on Canadian pulses continued to hold the market in check. Yellow peas fell 25 cents to a range of C$5.75 to C$7.00 a bushel. Green peas held steady at C$7.50 […] Read more
