WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts stronger on Monday, benefitting from gains in the Chicago soy complex and European rapeseed. Of note, there was a jump of almost C$3 per tonne in the final minutes of today’s session. Support also came from a lack of farmer selling and increased short covering. Declines […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Yellow mustard bids solid
Winnipeg, (MarketsFarm) – Yellow mustard bids remain solid in Western Canada, which should encourage acres this spring. “Yellow mustard started firming up after harvest,” said Walter Dyck, of Olds Products. Poor conditions and quality concerns in the fall provided some of the support then, with top end bids still holding around 40 cents per pound. […] Read more
Coronavirus fears dampening canola futures
WINNIPEG, (MarketsFarm) – The ICE Futures canola market dropped to fresh contract lows in the most active contracts on Friday, but managed to settle with only small declines as traders squared positions ahead of the weekend. Continued weakness in the global financial and energy markets over coronavirus fears remained a bearish influence, according to participants. […] Read more
Canola futures hold fairly steady
WINNIPEG, (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged on Thursday, closing with small gains in most months. Only the nearby March contract ended lower, as traders exited positions in the front month ahead of its expiry. Global equity markets continued to move lower on Thursday in response to mounting […] Read more
Feed barley bids to stay under pressure through spring
Winnipeg,(MarketsFarm) – Alberta cattle feeders are generally covered with their grain needs for the time being and prices should remain under pressure for the next few months as spring harvested grain will also soon be looking for a home. “Right now, especially for March movement, a lot of feedlots have very sufficient coverage,” said Suzanne […] Read more
Canola futures hold steady
WINNIPEG, (MarketsFarm) – The ICE Futures canola market held onto small gains on Wednesday after trading to both sides of unchanged, seeing some consolidation after hitting contract lows on Tuesday. Canola was thought to be looking oversold and due for a correction from a chart-standpoint, which accounted for some early speculative buying interest. End user […] Read more
Canola futures hit new contract lows
WINNIPEG, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, seeing some follow-through speculative selling after Monday’s sharp declines. The market dropped to fresh contract lows in the process, although bargain hunting helped temper the declines. Losses in Malaysian palm oil and Chicago Board of Trade soyoil futures contributed the weaker tone in […] Read more
Coceral predicts lower European grain production in 2020
Winnipeg, (MarketsFarm) – European grain production is expected to be down slightly in 2020, according to the first forecast for the year from European trade association Coceral. In the report, released Feb. 20, Coceral pegged total grain production for the European Union and the United Kingdom in 2020 at 302.7 million tonnes, which would be […] Read more
Softening feed barley market to stabilize
Winnipeg,(MarketsFarm) – Feed barley bids in Western Canada have softened over the past few weeks, but should stabilize as the spring approaches. “I don’t think there’s a lot of potential to push this thing much higher, and I don’t think the bottom will fall out either. What you see is what you get,” said Matt […] Read more
More wheat expected
BRANDON — Canadian farmers will seed more wheat and less canola in the upcoming 2020 growing season, according to the first supply-demand estimates for the 2020-21 marketing year from Agriculture Canada released late last month. Total planted wheat area is forecast to rise to 25.77 million acres from 25.02 million the previous year. Production is […] Read more
