WINNIPEG, May 21 (MarketsFarm) – Wheat bids in Western Canada were across the board for the week ended May 17. There were losses in Canadian Western Red Spring Wheat (CWRS), while Canada Prairie Red Spring (CPRS) price were mixed and Canadian Western Amber Durum (CWAD) prices were largely steady. Firmness in the Canadian dollar provided […] Read more
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CBOT Weekly: Factors come together to boost prices
WINNIPEG – A combination of three factors have contributed to the bounce in prices at the Chicago Board of Trade, according to Rich Feltes of RJ O’Brien in Chicago, Ill. “It’s the convergence of the middle of May, which is a critical time and the confirmation that planting is not only delayed, but it’s in […] Read more
Grain Growers call for changes to AgriStability, advance payments
WINNIPEG — Faced with a tough international market, the Grain Growers of Canada (GGC) has called on the federal government to make some changes to programs to help Canadian farmers. Citing an “increasingly complex and unpredictable trade environment” the GGC requested changes to the AgriStability Program and to the Advanced Payment Program (APP). “The time […] Read more
Canola futures down again after trade dispute
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were down on Friday, with light volumes in trading. The negative effects from United States/China trade talks were felt in the canola market today, with spillover from soybeans on the Chicago Board of Trade. The July canola contract lost 90 cents at C$435.80 per tonne. The November […] Read more
Trade issues still hitting canola
WINNIPEG – Intercontinental Exchange Futures canola contracts were down on Thursday, but recovered from larger losses earlier in the day. The July contract closed at C$436.70 per tonne after hitting C$434.00 per tonne at one point in the session. The November contract closed at C$450.30 after it fell to C$447.40. A trader stated canola prices […] Read more
Record canola stocks affects futures
WINNIPEG – Intercontinental Exchange Futures canola contracts were down slightly on Wednesday, after being up for most of the session. Bids fell in the final 30 minutes of trading, which ended a rally that began yesterday. At one point on Wednesday, the July contract reached a high of C$444.90 per tonne, but ended the day […] Read more
Canola drops for seventh day after Trump’s tariff tweet
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, for a seventh consecutive session of losses. ICE and the Chicago Board of Trade dropped today following a tweet by U.S. President Donald Trump, in that he would hike tariffs on imports from China. Trump accused China of dragging out trade negotiations and […] Read more
Uncertainty could bring changes to soybean acres
WINNIPEG – At this time soybean acres in Canada have been projected to be down this year for a few reasons. Not only because of trade issues with China, but also due to back-to-back dry years and declining prices, said Ron Davidson of Soy Canada and Rob Gamble of the Grain Farmers of Ontario (GFO). […] Read more
Canola futures drop again; wheat rebounds
Winnipeg – ICE Futures canola contracts continued their downward slide of the past week on Wednesday, as speculators remained on the sell side adding to their large short positions. In addition to the bearish chart signals, losses in Chicago Board of Trade soyoil, large old crop supplies, and the ongoing trade tensions between Canada and […] Read more
Most Canadian pulse acres to decline in 2019
WINNIPEG – Canadian farmers have been projected to plant fewer acres of pulses, according to Statistics Canada. “Keeping in mind this is the seeding intentions report based on a survey of growers from the beginning of March. It’s as current as the day it was collected,” commented Carl Potts, executive director of Saskatchewan Pulse Growers. […] Read more
