Canola takes it in jaw from U.S. China seesaw

Rumours yesterday about Sino-American trade improvements were dashed by reality today carrying soybeans lower in the markets by about 2 percent. Canola followed the leader down and ended $5 per tonne lower for November at $495.80. January to May ended above $500, ranging from almost $503 to $513.50. Corn took a hit on the bean […] Read more

Canola closes higher

November canola managed to break $500, rising to $502.80 before setting in at $500.80 after starting the day at $493.90. The big jump was on the coat tails of soybeans, which grew by about 3 percent on the day, as traders began acting on rumours of Chinese and American trade discussions. August soybeans cleared US$ […] Read more

Wheat remains on upward run; canola flat, shallow

Canola was flat to up slightly, with the stronger Canadian dollar, new-market jitters issues and a bit of what appeared to be wariness on the part of traders for the new trading tool based in New York, rather than Winnipeg. That, and the $500 per tonne barrier that appears to be in the way of […] Read more

Canola, corn flat; beans, spring up

Canola made small gains, in the $1 range, on Friday, without a great deal of activity in the market. November canola closed at $493.60, with all 2019 contracts ending above $500. Chicago soybeans appeared to aid canola along with weather and crop reports that are suggesting that a lack of rain is hurting yields. Soybeans […] Read more

Canola rises, wheat falls and tours inform

Canola continued its slow climb up the markets ladder Thursday, as technical trading took over from headline-induced speculation in wheat and elsewhere over the past few days. Drought talk in the American Mid-west and Western Canada also fueled some price support, but it was largely positive sounds from the White House about a levelling-off of […] Read more

The measure of a farm economy

Farm shows measure the health of the regional industry. This is a statement I have been making for the past 15 years or so, and it appears to be just as true as ever. You can measure how well things are going in the countryside by the attendance at farm industry events. That said, I’m […] Read more

Wheat yanks up on the commodity chain

For a change it was wheat that lead commodities higher. A combination of factors lead markets to conclude that wheat wasn’t going to be as plentiful over the next grain year as it has been. Wheat on Chicago ended up US 32-5 cents per bushel in the face of droughty conditions in Europe. A grain […] Read more

Canola closed up, carried by beans, trade wars

American trade-war compensation announcements by Secretary of Agriculture Sonny Perdue put soybean traders in a better mood and they rallied the markets behind the oilseed. Which was good news for canola and ICE futures for that crop. The US$12 billion support package is aimed at compensating producers for the loss of markets and lower prices […] Read more

Minneapolis spring wheat made big gains last week, but early this week they were handed back, dropping July 16 by 7.5 cents to US$5.28.  |  Barb Glen photo

Trade uncertainty unnerves the markets

The WASDE report might have set the direction, but trade issues set the pace after recovering prices tumble again

After tumbling and bouncing last week, grain and oilseed markets started out July 16 with greater optimism, potentially having set the bottom for several crops. Soybeans began climbing back up from a beating after the U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates report July 12. Near double digit gains were made, locking […] Read more

Michelin treads into Canadian tracks

Known in Western Canada mostly for its tracks, from farm machinery to snow machines, the Canadian company known as Camso has been bought by Michelin. Once known as Camoplast and Solideal, the Quebec company became Camso in 2015, but has been in business for decades as tire and OEM and aftermarket provider of tracks and […] Read more