WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Friday, due to gains in Chicago soyoil and European rapeseed. Malaysian palm oil remained lower. Although farmer deliveries of canola were down for the week ended March 22, they remained strong. The Canadian Grain Commission reported deliveries were 406,800 tonnes compared […] Read more
Glen Hallick
Stories by Glen Hallick
Canola futures finish slightly lower
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, after trading most of the session on either side of steady. While Chicago soyoil managed to finish a little higher today, soymeal was down sharply and weighed on values. Gains in European rapeseed and Malaysian palm oil tempered further losses for canola. […] Read more
Crush margins heading up
WINNIPEG, (MarketsFarm) – As canola and other farm commodities made strong gains over the last week, there was something a little strange about things, according to Winnipeg-based trader Bill Craddock. He said crush margins follow prices for edible oils and meal, as well as the Canadian dollar. It’s all part of the formula used to […] Read more
Tame trading keeps canola futures steady
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady on Tuesday, as no one wanted to aggressively push the market either way, according to a Winnipeg-based trader. While canola received support from strong gains in Chicago soyoil, lower soymeal and significantly reduced increases for soybeans weighed on values. The trader noted that farmers […] Read more
Canola starts the week strong
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Monday, due to gains in the Chicago soy complex and a weaker Canadian dollar. The soy complex saw good gains in beans, oil and meal as shipping delays in China and South America pushed up prices. By mid-afternoon Monday, the Canadian dollar was […] Read more
Western Canadian wheat: Bids surge on U.S. gains, weaker loonie
WINNIPEG, (MarketsFarm) – Wheat bids in Western Canada were significantly higher for the week ended March 19, due to gains made in the United States markets coupled with a weaker Canadian dollar. Canada Prairie Red Spring (CPRS) saw the largest increases, with bids up by more than C$20 per tonne. Increases for Canadian Western Red […] Read more
Feed Grain Weekly: In midst of market turmoil feed prices steady for most part
WINNIPEG, (MarketsFarm) – Despite of all of the commotion in the markets due to the economic impact from the COVID-19 pandemic, feed grain prices have been steady, according to Nelson Neumann of Agfinity in Edmonton, Alta. Neumann said feed prices were in a steady decline since the cold snap around the beginning of January. “This […] Read more
Signs of recession for Canada says Conference Board
WINNIPEG,(MarketsFarm) – The Conference Board of Canada believes the country is likely heading towards an economic recession. The business think-tank issued its spring outlook on Tuesday, and noted economic growth in the fourth quarter of 2019, “was already on a precarious footing.” Now with the economic downturn stemming from the COVID-19 pandemic, plus the rail […] Read more
Western Canadian wheat: Battle between weaker loonie, lower U.S. prices
WINNIPEG, (MarketsFarm) – Wheat bids in Western Canada for the week ended March 12 saw prices Canadian Western Red Spring Wheat (CWRS) on either side of steady. Prices for Canada Prairie Red Spring (CPRS) saw a greater range of losses and gains, while prices for Canadian Western Amber Durum (CWAD) were steady to higher. There […] Read more
CBOT Weekly: Markets focused on coronavirus, oil prices, stocks
WINNIPEG,(MarketsFarm) – The commodity markets, such as the Chicago Board of Trade (CBOT), are currently focused on only three things, stated Steve Georgy, president of Allendale Inc. in McHenry, Ill. One of them is the COVID-19 coronavirus and specifically how the global outbreak affects the commodity markets. Especially if it results in, “the slowing down […] Read more
