Canola drops along with grain markets

Grain markets were lower today, with canola finishing $2.40 per tonne down on the March ICE contract, closing at $473.40. The rest of the 2019 canola contracts were off between $2 and $2.80 with January 2020 down 70 cents, hanging in a $498.30. It was canola chasing soy down, as the markets looked for positive […] Read more

Softer beans and canola on lower trades

Remaining tucked tightly in its range-bound reality, canola futures retracted slightly today, keeping pace with soybeans, falling $3.60 on the ICE March contract, getting below $480 per tonne, to $479.70. Weak Prairie’s farmer-deliveries were in part to blame for lower canola prices. However some grain analysts are suggesting that the European Union might be starting […] Read more

Canola makes gains, despite CDN dollar

Canola remains under pressure, despite support from a slightly more optimistic soybean market in the United States. On Chicago beans were up 2.75 cents, getting to more than US$9.24 per bushel. Canola for January was up C$3 per tonne, to $481.40 on ICE as the day wound to a trading close. A Canadian dollar that […] Read more

Canola down on an up-markets day

The Canadian dollar continued higher today, further softening canola trades, with that crop being down between $3.70 and $3.30 per tonne on the day. It finished for January at $478.40 today on ICE. Elevator prices for cash canola ranged from $458 to $462. Wheat fared better, up slightly for hard red spring, finding prices of […] Read more

Markets start 2019 higher

Soy prices spent most of the first trading day for 2019 much stronger, until it seemed the market realized that there were no USDA reports to back anything up, and then it seemed to struggle to put a pin in the day. The American shutdown of government has shuttered most of the USDA services that […] Read more

Global oilseeds, China, dollar tug at canola

Canola was softer today, after losses yesterday that mirrored soybeans and made the two crops some of the most active on the commodity markets. Today, however, the American holiday might have held it up, as that side of the oilseed trade moved into a long-weekend mode where if nobody moves, nobody gets hurt. Asian palm […] Read more

Canola softer, wheat stronger ahead of WASDE

The trade optimism that carried beans higher turned and shoveled them into the pit today, where they traded away. And with them, canola was sure to follow. The optimism did find a new home on equities, sending the Dow 213 points higher. November soybean futures on Chicago fell 2.5 US cents to US$8.73 per bushel. […] Read more

Cereals lower, while canola rises on soft dollar

Soybean oil and a softer Canadian dollar helped canola move up on Thursday’s markets, as traders gave back some of the previous two weeks declines. November canola finished at $495, up $3.70 per tonne on ICE futures. January rose above $500, up $4.10 to $502, March up the same, to $506.90 and May was up […] Read more

Wheat wins on rumours, canola rises with soy

Canola finally moved off its downward trajectory, settling up $2.70 per tonne over the day, finishing at $488.60 on the ICE futures market. March and May canola held at and above $500, while canola appeared to grab some technical support around $490 as it fell against that number a couple of time during the session. […] Read more

Canola below $490, chasing the beans lower

Soybeans continued lower again on Chicago, taking canola along for the ride. American trade-related subsidy programs, now up to US$12 billion, are exacerbating the fall, as that country’s taxpayers shoulder the burden of avoiding the political pressure of starving out U.S. farmers and processors over a trade war with China. Canola was down more than […] Read more