Winnipeg – More winter weather hit parts of southern Manitoba during the week ended March 15, disrupting some cattle auction activity. However, signs of spring were also starting to be felt across the province. While Manitoba may be getting some better weather, “it doesn’t look like Nebraska is,” said Allan Munroe, of the Killarney Auction […] Read more
Author Archives
Fund short position climbs above 55,000 in canola
Winnipeg – Fund traders were active in the ICE Futures canola market during the week ended March 12 adding to their large net short position, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators […] Read more
Green pea premium to erode with acreage increase
Winnipeg – Green peas continue to command a sizeable premium over their yellow counterparts in Western Canada, which should see acreage shift this spring and an eventual rebalancing of the price spread. Green peas usually trade a premium to yellow peas due to higher quality specs and concerns over bleaching, but the current price spread […] Read more
Canola and wheat finish weaker
Winnipeg – ICE Futures canola contracts were weaker on Monday, although activity was thin and choppy. Bearish technical signals, losses in Chicago Board of Trade soybeans, and concerns over declining Chinese demand all added to the softer tone in the market, according to participants. Large old crop supplies and expectations for another big crop in […] Read more
Fund short position rises in canola
Winnipeg – Fund traders added to their net short position in ICE Futures canola contracts during the week ended March 5, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). After being delayed by the United States government shutdown, the CFTC was finally up-to-date with […] Read more
Canola stronger; wheat finishes mixed
Winnipeg – ICE Futures canola contracts were stronger on Friday, as speculative short-covering and end user bargain-hunting provided some support in light trade ahead of the weekend. After dropping sharply earlier in the week, canola was looking cheap and due for a correction, according to participants. However, the bearish underlying fundamentals tempered the upside. Political […] Read more
Canola finishes up slightly
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were stronger at Thursday’s close, as speculative short-covering came forward following earlier losses. Canola dropped to fresh contract lows in early activity, but managed to turn higher amid ideas the market was starting to look oversold. Solid crush margins, gains in Chicago Board of Trade soybeans and recent […] Read more
ICE Canola Weekly: China worries keep market trending down
Winnipeg – Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended March 6, hitting their lowest levels in two-and-a-half years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have […] Read more
Canola caught in middle of diplomatic dispute
Winnipeg – Political tensions between Canada and China have put the Canadian canola sector in the crossfire, with the latest move seeing China blocking imports from one of Canada’s largest canola exporters. Richardson International Ltd. has been denied registration to sell canola into China, according to Chinese customs data dated March 1, 2019. “It’s been […] Read more
Canola hits lows for 4th straight day
Winnipeg – ICE Futures canola contracts were weaker on Thursday, hitting fresh contract lows for the fourth straight day this week as bearish technical signals kept speculators on the sell side once again. Large supplies of unpriced canola sitting in farmers’ bins across the Prairies likely added to the softer tone, as end users are […] Read more
