Winnipeg, (MarketsFarm) – Tighter global supplies are keeping the Canadian durum market well supported this winter, with firmer prices likely when the Port of Thunder Bay reopens for the spring. “We’re seeing a very strong export demand for durum,” said Jerry Klassen manager of Canadian operations with Swiss-based GAP S.A. Grains and Products in Winnipeg. […] Read more
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Tighter supplies and solid demand underpin Canadian durum bids
Canaryseed one step closer to ‘official’ status
Winnipeg (MarketsFarm) – Canaryseed may still be a relatively minor special crop in Western Canada, but the grain is one step closer to gaining official status. Producers at the Canary Seed Development Commission of Saskatchewan annual general meeting, last week, voted in favour of formally requesting canaryseed’s inclusion under the Canada Grains Act. The proposed […] Read more
Canola futures bounce back at week’s end
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were stronger on Friday, taking back much of the losses posted earlier in the week amid ideas those declines were overdone. A turn higher in Chicago Board of Trade soyoil and soybeans provided underlying support. A weaker tone in the Canadian dollar also underpinned the futures. However, […] Read more
Firmer feedgrain prices expected
Winnipeg — Solid demand from cattle feeders and ongoing logistical issues across the Prairies should keep a firm undertone in the feedgrain market for the time being, according to an Alberta broker. “The feed market has definitely moved higher,” said Brandon Motz of CorNine Commodities in Lacombe, adding that pens were full and demand is […] Read more
Bargain hunting, slow sales hold canola futures steady
Winnipeg,(MarketsFarm) – ICE Futures canola contracts held steady on Thursday, seeing some consolidation after recent declines. After falling by roughly C$10 per tonne over the past week, canola was due for a correction and some bargain-hunting likely came forward to provide support. A lack of farmer selling contributed to the firmer tone in canola, as […] Read more
Soy declines a drag on canola futures
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were down sharply on Wednesday, as declines in Chicago Board of Trade soybeans and soyoil weighed on prices. China and the United States signed phase one of their trade deal in Washington on Wednesday. China agreed to buy more U.S. agricultural commodities, but the lack of details on […] Read more
USDA raises soybean/corn yield expectations
Winnipeg,(MarketsFarm) – Corn and soybean yields in the United States ended up slightly better than earlier expectations, according to updated production estimates from the U.S. Department of Agriculture released last week. Corn yields were upped to 168 bushels per acre, from 167 bu/ac in the December report. Meanwhile soybean yields were raised by half of […] Read more
Thunder Bay wraps up active shipping season
Winnipeg,(MarketsFarm) – The last cargo-vessel of the year departed the Port of Thunder Bay on Jan. 12, bringing total cargo shipments through the facility to their highest level in half-a-decade. “Strong shipments of Prairie-grown grain and other dry bulk commodities from Western Canada buoyed the port’s cargo tonnage to 9.3 million metric tonnes (MMT), the […] Read more
Canola futures mixed on ample supplies
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were mixed on Monday, with losses in the most active front months and gains in the more deferred positions. Losses in Chicago Board of Trade soyoil and ample supplies in the commercial pipeline contributed to the declines, according to participants. However, canola found some independent support and lagged […] Read more
Solid crush more than makes up for slow Canadian canola exports
Winnipeg,(MarketsFarm) – Canada’s ongoing diplomatic dispute with China may be slowing canola exports, but the strong pace of the domestic crush is more than making up for any shortfall in international business. The Canadian Grain Commission reported total domestic disappearance of canola during the crop-year-to-date of just over 4.8 million tonnes, as of Jan. 5, […] Read more
