Winnipeg – Fund traders remained on the short side in the ICE Futures canola market during the week ended March 19, adding to their large net short position, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and […] Read more
Stories by MarketsFarm
Ag Canada predicts sharp increase in canola carryout
Winnipeg – Canadian canola stocks at the end of both the current 2018/19 (Aug/Jul) crop year and the upcoming 2019/20 crop year are forecast to be much larger than earlier projections, according to updated supply/demand tables from Agriculture and Agri-Food Canada released March 21. The agency forecasts canola ending stocks for the current 2018/19 marketing […] Read more
Spring weather may swing Western Canadian feed markets
Winnipeg – Spring weather conditions have the potential to swing feed grain markets in Western Canada over the next few weeks, although prices generally remain steady for the time being. “Spring is here, and as the snow melts it creates mud, road bans and all that lovely stuff,” said Brandon Motz of CorNine Commodities in […] Read more
Weekly Manitoba cattle report
Winnipeg – More winter weather hit parts of southern Manitoba during the week ended March 15, disrupting some cattle auction activity. However, signs of spring were also starting to be felt across the province. While Manitoba may be getting some better weather, “it doesn’t look like Nebraska is,” said Allan Munroe, of the Killarney Auction […] Read more
Fund short position climbs above 55,000 in canola
Winnipeg – Fund traders were active in the ICE Futures canola market during the week ended March 12 adding to their large net short position, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators […] Read more
Prairie spring road restrictions set to start
Winnipeg – Seasonal spring road restrictions are set to go into effect across much of Western Canada, which should disrupt some grain movement as Prairie temperatures warm up and the snow melts. The annual spring road restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage heavier […] Read more
ICE canola weekly: Trade among issues hurting market
WINNIPEG – ICE canola futures are in trouble for a number of reasons, according to Exceed Grain Senior Marketing Analyst Wayne Palmer. “We’re in a lot of trouble unless Trump signs this deal with China,” he said. Reports have stated the U.S. and China will sign a trade agreement at the end of March. U.S. […] Read more
Green pea premium to erode with acreage increase
Winnipeg – Green peas continue to command a sizeable premium over their yellow counterparts in Western Canada, which should see acreage shift this spring and an eventual rebalancing of the price spread. Green peas usually trade a premium to yellow peas due to higher quality specs and concerns over bleaching, but the current price spread […] Read more
Canaryseed holding steady despite diet trends
In 2016, canaryseed was designated as safe for human consumption. Following this announcement, Saskatchewan Agriculture Minister Lyle Stewart predicted acreage dedicated to the crop would increase as it was incorporated into more human food products. The gluten-free grain was previously ingested only as birdseed, with Mexico and Europe being the main importers of the Canadian […] Read more
Fund short position rises in canola
Winnipeg – Fund traders added to their net short position in ICE Futures canola contracts during the week ended March 5, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). After being delayed by the United States government shutdown, the CFTC was finally up-to-date with […] Read more
