WINNIPEG, June 19 (MarketsFarm) – Forecasts of rain for Western Canada will certainly help canola in terms of growing this year, said David Derwin of PI Financial in Winnipeg, Man. “I spoke with several farmers from across the Prairies who said we got some good rains, a few who didn’t, but by in large, it’s […] Read more
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Canola up; markets await weather effect
WINNIPEG, Intercontinental Exchange (ICE) Futures canola contracts were up slightly on Tuesday, after a volatile session with heavy activity. The weather forecast for the Prairies has called for rain over the next day to three days. If precipitation is sufficient enough, bids could be affected.Also, Prairie farmers re-seeded large amounts of their canola and have […] Read more
Western Canadian wheat up in all classes
WINNIPEG – Wheat bids in Western Canada were up across the board for the week ended June 14. There were gains in Canadian Western Red Spring Wheat (CWRS), Canada Prairie Red Spring (CPRS) and Canadian Western Amber Durum (CWAD). Weakness in the Canadian dollar and gains in Kansas City and Chicago provided support. A decrease […] Read more
USDA makes some changes to Canada, world estimates
WINNIPEG – Corn planting in Canada has struggled this year much like farmers have in the United States, according the latest World Agriculture Supply and Demand Estimates (WASDE) issued by the U.S. Department of Agriculture (USDA) on June 11. In the USDA’s May WASDE report, it estimated Canadian corn production at 15.40 million tonnes, but […] Read more
Ginseng not in trouble as claimed
WINNIPEG – There was a belief that China had halted its ginseng imports from Canada, but a spokesperson from Ginseng Ontario said otherwise. Rebecca Coates, executive director for Ginseng Ontario, stated China is only one of many export destinations for Canadian-grown ginseng, and other major buyers include Hong Kong, Taiwan, Singapore and Europe. An official […] Read more
Canola weaker despite weather premium; wheat mixed
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Friday, due to what a Winnipeg-based trader deemed to be “regular activity” along with lower soybean prices on the Chicago Board of Trade. The dry conditions across most of Western Canada have meant canola is getting a weather premium. Rain was forecast this weekend […] Read more
Weather continues to hold up canola
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Thursday, after showing some independent strength and with spillover from soyoil on the Chicago Board of Trade. The July canola contract rose by C$4.50 at C$454.70 per tonne. The November contract gained C$4.20 at C$467.10 per tonne. While Alberta has been getting rain today, […] Read more
Canola weaker on U.S. planting issues
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Wednesday, due to planting progress in the United States, according to a Winnipeg-based analyst. The July canola contract fell C$2.90 at C$450.20 per tonne. The November contract dropped C$3.40 at C$462.90 per tonne. With a window of a few rain-free days, U.S. farmers were […] Read more
Canola drops again; markets await forecast of rain
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Tuesday, in a light volume of trading. The July canola contract was down C$2.20 at C$453.10 per tonne. The November contract was down C$2.30 at C$466.30 per tonne. The Canada/China dispute and large supplies have continued to weigh on canola values, as did a […] Read more
Canola futures drop; large stocks, China dispute
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, as the Canadian dollar gained strength, while soyoil and soymeal lost ground on the Chicago Board of Trade. The July canola contract fell C$4.20 at C$455.30 per tonne. The November contract dropped C$4.80 at C$468.60 per tonne. The Canada/China dispute and large canola […] Read more
