WINNIPEG — Demand for feedgrains has slowed on the Prairies because of uncertainty in cattle markets posed by the COVID-19 pandemic. Many cattle processing and packing plants across North America have closed due to lack of staff, which has caused widespread issues in feedgrain supply chains. “The lack of forward bids has weighed on markets,” […] Read more
Stories by Marlo Glass – MarketsFarm
Canola defies soyoil drop
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Wednesday. Considerable weakness in Chicago soyoil was characterized as an “overwhelmingly negative factor” for canola prices. At market close, soyoil was down by over a penny. In comparison, canola prices held fairly steady. A weaker tone to the Canadian dollar provided support to […] Read more
Canola mixed amid China rumours
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished mixed on Tuesday, with strength in nearby contracts due to short covering. Earlier in the day, rumours swirled regarding China increasing its Canadian canola imports. However, the Western Producer confirmed that China will continue to block shipments from Richardson International and Viterra Inc. Canola seed […] Read more
Lower dollar helps canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Friday, regaining some ground after considerable losses incurred yesterday. The Canadian dollar has dipped below 72 U.S. cents, the lowest point in several years. That provided a bit of a boost to canola prices. Significant uncertainty posed by the COVID-19 coronavirus has sidelined […] Read more
Canola futures gains drop back in wake of uncertainty
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished in the red on Wednesday, erasing modest gains made earlier in the week. Significant uncertainty posed by the COVID-19 coronavirus and its subsequent impact on global markets has sidelined many market participants. Spreading has been lighter than usual due to weaker buying activity. The Canadian […] Read more
Canola futures recover from Monday’s losses
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Tuesday, recovering significant losses incurred on Monday. After oil prices plummeted by 30 percent on Monday, world leaders are planning to announce new economic growth policies. United States President Donald Trump has mentioned “major steps” to safeguard the economy, but no concrete details […] Read more
Canola down with other commodities Monday
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Monday, as plummeting crude oil values brought havoc to stock and commodity markets alike. The Organization of Petroleum Exporting Countries and Russia have backed away from prior agreements to cut crude oil production, sending crude oil futures into freefall. Global stock indices were […] Read more
Market uncertainty a drag on canola prices.
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended narrowly mixed on Thursday, despite spending most of the trading session in the red. Uncertainty regarding when China will be in the market for agriculture commodities has sidelined some participants, which dragged on prices. The Canadian dollar was slightly weaker at around 75.44 U.S. cents, […] Read more
Variable winter weather brings uncertainty
BRANDON — Late-season rain wreaked havoc on the 2019 harvest, but those conditions helped restore topsoil moisture to key growing regions. However, since then snow coverage has been variable across the Prairies, causing some to wonder if the coming growing season will get off to a rocky start. “If we take a look at rainfall […] Read more
Canola futures drop on lower oils complex
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended lower on Wednesday, giving back gains made during the previous day’s trading session. A lower tone for Malaysian palm oil in overnight trade sparked considerable selling activity on the canola market. Weakness in soy oil also failed to give canola a boost, as markets wait […] Read more
