WINNIPEG, MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Thursday, as market activity remained largely range-bound. Without any news to support a rally, one trader said speculative buying is sidelined. That, combined with slow-but-steady harvest progression, is weighing on values. About 17 per cent of Saskatchewan’s canola has been harvested, along with […] Read more
Stories by MarketsFarm
Saskatchewan farmers make some progress
WINNIPEG (MarketsFarm) – Thanks to warm and dry weather farmers in Saskatchewan were able to make headway into this year’s harvest, according to the province’s latest crop report released Thursday. Overall, 39 percent of the harvest has been completed for the week ended Sept. 23, for a gain of 16 points from the previous week. […] Read more
Barley price slide slowing as harvest drags
Winnipeg, (MarketsFarm) – The slide in Western Canadian feed grain prices over the past few months is showing signs of slowing down, as concerns over harvest delays supplant earlier concerns over large crops and quality downgrades. “The weather over the next week or so doesn’t look that great,” said Allen Pirness of Market Place Commodities […] Read more
Canola futures hold steady
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Wednesday, as market activity remained largely range-bound. Forecasts across the Prairies are turning unseasonably cold and rainy later this week, with instances of snow in some regions. That’s likely to inject a weather premium back into markets, as harvest continues to be delayed. […] Read more
CBOT Weekly: Strong dollar, good weather hurting prices
WINNIPEG, (MarketsFarm) – Growing strength in the United States dollar has hurt commodity prices on the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago, Ill. The impetus for the gain was comments from U.S. President Donald Trump, who remarked a trade deal with China could come sooner […] Read more
Rains slows Manitoba harvest
Rain and cool temperatures are expected in Manitoba over the next week, further delaying a harvest that is already behind normal. Many regions of Manitoba received 50 to 100 millimetres of rainfall last weekend, putting the brakes on combines and stalling harvest progress. Across the province the harvest of cereal, pulse and oilseed crops is […] Read more
Spring wheat futures rally on North American weather woes
Winnipeg, (MarketsFarm) – Weather-related quality issues with the North American spring wheat crops saw Minneapolis spring wheat futures rally sharply over the past three weeks, with more room to the upside as concerns mount over the state of the crop. The December contract hit a multi-year low of US$4.8650 per bushel at the beginning of […] Read more
Rainy weather strengthens canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly stronger on Tuesday, as delayed harvest activity provided support to the market. Cold, rainy weather, with the potential for snow in some areas of the Prairies, has significantly delayed harvest progress. Approximately one third of the canola crop is currently harvested. Soybeans on the […] Read more
Large Manitoba bean harvest delayed by rains
Winnipeg (MarketsFarm) – Manitoba farmers seeded their largest dry edible bean crop in more than a decade this spring, but adverse harvest conditions are causing delays getting it off the fields. “Last week we had some substantial moisture in the Red River Valley,” said pulse specialist Dennis Lange of Manitoba Agriculture. He noted that the […] Read more
Canola stays in range, but up slightly
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly stronger on Monday, thanks to spillover support from soybeans on the Chicago Board of Trade. However, canola values are expected to remain largely range-bound, with nothing signalling a big move in markets. On Monday, 18,876 contracts were traded, which compares with Friday when 16,987 […] Read more
