Winnipeg – Canadian canola carryout stocks are forecast to rise to a record 5.300 million tonnes by the end of the 2019/20 (Aug/Jul) marketing year, more than doubling the previous five-year average, according to updated estimates from Agriculture and Agri-Food Canada’s market analysis division. While the agency expects total canola production to decline to 18.900 […] Read more
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Canola, soybeans down; wheat mixed
Winnipeg – ICE Futures canola contracts settled lower on Friday, taking some direction from Chicago Board of Trade soybeans and soyoil. After largely ignoring sharp losses in the soy complex for most of the session, heavy selling came forward in canola in the final 15 minutes. Large old crop supplies and uncertainty over trade relations […] Read more
ICE Canola Weekly: Canola looking for more support
Winnipeg, May 15 (MarketsFarm) – ICE canola futures moved higher during the week ended May 15, as a rally in the Chicago Board of Trade soy complex provided support. However, whether there’s more room or not to the upside remains to be seen. “It looks like we’ve maybe turned a corner,” said Wayne Palmer, senior […] Read more
Canola down slightly; wheat mixed
Winnipeg – ICE Futures canola contracts settled with small losses on Wednesday, after a volatile trading session that saw prices bounce around within a wide range. Speculative short-covering provided support for much of the day, with a lack of significant farmer selling on the other side also underpinning the futures as producers remain focused on […] Read more
Canola futures mixed; wheat makes gains
Winnipeg – ICE Futures canola contracts were mixed at Monday’s close, with the most active July contract seeing a late correction off of earlier losses. Losses in Chicago Board of Trade soybeans and soyoil put spillover pressure on the canola market for most of the day, as heightened trade tensions between China and the United […] Read more
CWRS bids hold steady on Prairies, other classes drop
Winnipeg – Canada Western Red Spring wheat bids held relatively steady during the week ended May 10, as the Minneapolis futures managed to edge higher on the week despite losses in the Chicago and Kansas City winter wheat markets. Average Canadian Western Red Spring (13.5% CWRS) wheat prices were held within a dollar per tonne […] Read more
Tale of two feed grain markets in Western Canada
Winnipeg – Tight old crop supplies may be keeping nearby barley bids underpinned in the Canadian Prairies, but expectations for increased acres in 2019 mean new crop bids are at a considerable discount. “It’s a tale of two markets right now,” said Glen Loyns, general manager of JGL Commodities in Moose Jaw, Sask. pointing to […] Read more
Pulses steady in sea of uncertainty
Winnipeg – Every spring offers its own mystery of what the growing season will bring, and this year is no different for the Western Canadian pulse markets. However, while the unknowns are usually linked to the weather or acreage ideas, this year also presents extra challenges for the pulse sector. India remains a major wildcard […] Read more
Record large March Canadian canola stocks: report
Winnipeg – Canadian canola supplies as of March 31, 2019 of just over 10 million tonnes marked a new record for the date, according to the latest stocks of principal field crops report from Statistics Canada, released May 7. The government agency pegged canola supplies in the country at the end of March at 10.019 […] Read more
Canada ‘playing chess’ on canola file
Winnipeg – Canola seed sales to China remain at a standstill with little fresh news to report, according to a Canola Council of Canada briefing to farmers held Friday morning together with Minister of International Trade Diversification Jim Carr. However, efforts on a number of fronts are ongoing, as Canada works to resolve the issue. […] Read more
