Winnipeg – Canadian canola exports and domestic usage are both falling behind the year ago pace, according to the latest Canadian Grain Commission data. Canada exported only 63,700 tonnes of canola during the week ended Jan. 6, according to the report. That compares with the average weekly movement during the crop-year-to-date of about 200,000 tonnes. […] Read more
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Canadian canola demand falling behind year-ago
Several factors drive canola lower
Winnipeg – Canola contracts on the ICE futures platform moved lower during the week ended Jan. 11, nearing major chart support as a number of factors conspired against the commodity. Losses in the Chicago Board of Trade soy complex were a major bearish influence on canola, as uncertainty over Chinese demand and looming South American […] Read more
Short-covering boosts canola prior to weekend
Winnipeg, Jan. 11 (CNS Canada) – ICE Futures canola contracts were stronger on Friday, seeing a modest short-covering correction ahead of the weekend. Gains in Chicago Board of Trade soybeans and soyoil contributed to the firmer tone in canola, while a slightly weaker tone in the Canadian dollar was also supportive. However, a lack of […] Read more
Canola down sharply with soybeans
Winnipeg, Jan. 10 (CNS Canada) – ICE Futures canola contracts were down sharply on Thursday, finishing right above major support as losses in the Chicago Board of Trade soy complex spilled over to weigh on values. The most active March contract settled right above the psychological C$480 per tonne mark, as bearish technical signals and […] Read more
Human wild card trumps markets’ normal ebb flow
A year ago, in an attempt to outsource the first column of 2018, written to meet a pre-Christmas deadline, I turned to computer algorithms for insight. The results were poetic, but largely indecipherable. The point then was that as much as technology can provide benefits, it still takes human knowledge to make sense of the […] Read more
Canola mixed on effects of several issues
Winnipeg – ICE Futures canola contracts settled mixed on Tuesday, with gains in the most active contracts as early selling pressure subsided by the close. Losses in the Chicago Board of Trade soy complex accounted some spillover selling pressure throughout the day in canola, with the Canadian dollar holding steady after its recent rally. A […] Read more
Weekly Manitoba cattle report
Winnipeg – Manitoba’s cattle auction yards remained quiet over the week ended Jan. 4, with activity set to start back up at most locations during the first full week of the month. Live cattle futures in Chicago ended 2018 at some of their highest levels of the past year, but subsequently spent the first days […] Read more
CBOT soybeans waiting on China news
Winnipeg – Soybean futures at the Chicago Board of Trade started 2019 on a firm note, bouncing higher on rumours of fresh Chinese buying interest. However, with the United States government still in partial shutdown mode, confirmation of that business was lacking and additional advances remain questionable. “We’re basically buying the rumour at this point,” […] Read more
Alberta feed grains firm heading into New Year
The seasonality of the feed grain sector is contributing to a firmer tone in Alberta barley and feed wheat bids heading into the New Year. “We’ve seen bids in our office on feed barley jump up a decent amount,” said Nelson Neumann, a grain trader with Agfinity in Alberta. He linked the strength to a […] Read more
Conditions converge on weaker canola; Russian exports weaken wheat
ICE Futures canola contracts were weaker on Friday, taking some direction from the Chicago Board of Trade soy complex as traders squared positions ahead of Christmas and the New Year. Bearish technical signals, a lack of significant demand, and large supplies in the commercial pipeline all contributed to the losses in canola, according to participants. […] Read more
