WINNIPEG — The first cargo ship in two years left the northern Manitoba Port of Churchill July 10, moving supplies to communities in Nunavut. Rehabilitation efforts at North America’s only deep-water Arctic port are still underway, but there are expectations business through the facility will eventually include grain as well. OmniTrax, the previous owner of […] Read more
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Churchill shipping resumes, but grain is not included
Canola, wheat futures end lower
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker at Wednesday’s close, after trading to both sides of unchanged in thin and choppy activity. Declines in Chicago Board of Trade soyoil and strength in the Canadian dollar put some pressure on values, as crush margins weakened. The large old crop supplies, improving Western Canadian […] Read more
Canola futures drop slightly
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, but managed to settle above major support. Improving North American crop conditions accounted for much of the selling pressure, with losses in Chicago Board of Trade soybeans and bearish technical signals contributing to the declines. However, varied crop development and uncertainty over growing […] Read more
Good weather helps push canola futures lower
Winnipeg – The ICE Futures canola market was weaker on Monday, as improving weather conditions and losses in Chicago Board of Trade soybeans weighed on prices. Bearish chart signals contributed to the declines, as fund traders added to their large net short positions. Recent rainfall across dry areas of the Canadian Prairies also weighed on […] Read more
Canola futures hit new lows; wheat mixed
Winnipeg (MarketsFarm) – The ICE Futures canola market was weaker on Friday, hitting fresh contract lows as a move below nearby chart support triggered additional fund selling. Ongoing concerns over Chinese demand added to the softer tone. The losses were likely exaggerated by thinner volumes, with many participants still on the sidelines after Thursday’s Fourth […] Read more
Canola drops after better growing conditions, U.S. markets closed
Winnipeg – The ICE Futures canola market was weaker on Thursday, dipping below nearby chart support in thin and choppy activity. Improving moisture conditions in parts of Western Canada accounted for some of the selling pressure. However, there are also still plenty of areas of concern across the Prairies to keep some weather premiums in […] Read more
ICE Canola Weekly Outlook: All eyes on King Corn
Winnipeg – ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at C$450.40 per tonne on July 3. The contract could have another five […] Read more
Canola futures drop; wheat rallies
Winnipeg – The ICE Futures canola market moved lower in most months on Wednesday. A stronger tone in the Canadian dollar and improving crop prospects in parts of Western Canada contributed to the declines. However, gains in the Chicago Board of Trade soy complex helped temper the losses. Chart support also held to the downside, […] Read more
Canola, wheat futures weaker
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, as chart-based selling and spillover from the losses in Chicago Board of Trade soybeans weighed on values. Soybeans were down on Monday, when the canola market was closed for Canada Day, and remained pointed lower today. Speculators adding to their net short positions […] Read more
Soybeans bring strength to canola futures
Winnipeg – The ICE Futures canola market was stronger on Friday, as a rally in Chicago Board of Trade soybeans provided support. Updated acreage estimates from the United States Department of Agriculture came in well below expectations for soybeans, pegging this year’s U.S. crop at only 80 million acres. The resulting strength in soybeans pulled […] Read more
