Nudged upward by soybean markets, canola made small moves to the upside on the ICE futures market today. Gains yesterday were retained, but soy narrowed the small gap yesterday’s trading opened up between the two commodities. Both oilseeds benefited by continued dry conditions for the South American crop overall and weather forecasts for Brazil’s Mato […] Read more
Stories by Michael Raine
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
It’s next-year country again on the Prairies
While most of us started to think about the growing season ahead as soon as this fall’s harvest was over, or actually we never really stopped thinking about the year ahead, the pressure to make solid choices for spring 2019 is now intensifying. Crazy stuff in world markets — driven in part by even-crazier world […] Read more
Markets improve modestly for the beginning of 2019
Soy prices spent most of the first trading day of the year stronger, until the market seemed to realize 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
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
Mini-DOT captures imaginations in a smaller, Lego sort of way
Using the latest in recreational-Lego technology, an Alberta boy builds on cutting-edge autonomous farm technology
CALGARY – The imagination of a farm machinery builder might be surpassed only by that of a kid. Seedmaster founder Norbert Beaujot once dreamed of farm machinery rolling about a field with no one to drive — just working away, efficiently and reliably. The result was the 2017 debut of the DOT, autonomous field platform. […] Read moreSoybean prices not expected to rise much
CALGARY — Soybean prices remain mired, despite large sales to China and what appears to be a more open chute into that market for American oilseeds. By early this week the U.S. Department of Agriculture had added up more than 21.5 million bushels of sales to China since the warming of trade relations between the […] Read more
Sideways canola prices might be a victory
CALGARY — Volatility and pressures to the downside from most oilseeds will keep a lid on any major gains, but might also keep lowering trends under control, say analysts about the near-term future for canola. Lower final production estimates from Statistics Canada did little to improve market prices, but could provide longer-term support for the […] Read more
