Canadian dollar set to weaken heading into New Year

Winnipeg, Dec. 7 (CNS Canada) — The Canadian dollar has seen some wide moves over the past week, but appears to be trending lower relative to its U.S. counterpart heading into 2018, according to a currency analyst. “We see (the Canadian dollar) weaker for the first quarter of this year,” said currency strategist Mark Chandler, […] Read more

Record weekly canola exports reported

Winnipeg, Nov. 10 (CNS Canada) – Canada exported the most canola in a single week ever during the week ended Nov. 5, according to the latest Canadian Grain Commission report. The CGC pegged weekly canola exports at 470,200 tonnes of canola during the reporting period. That compares with average weekly exports over the past year […] Read more

Canadian grain futures fade away

WINNIPEG — “If you build it, they won’t always come” turned out to be the case with ICE Futures Canada’s grain contracts, which were finally delisted today after years of little to no activity. Milling wheat and durum futures were introduced by ICE Canada in 2012 in response to the end of the Canadian Wheat […] Read more

Baltic Dry Index hits three-year high

Winnipeg, Sept. 12 (CNS Canada) – The Baltic Dry Index has seen some strength over the past two months, rising to its highest levels in nearly three years. The BDI settled at 1,355 points on September 11, having gained roughly 500 points over the past two months. The index was last this high in November […] Read more

Near record farmer canola deliveries: CGC

Winnipeg, Sept. 15 (CNS Canada) – Canola remains the cash-flow king of the Prairies, with farmers making near-record deliveries off the combine, according to the latest Canadian Grain Commission weekly report. A total of 627,000 tonnes of canola were delivered into the commercial system during the week ended Sept. 10, which would mark the third […] Read more

Visible Canadian canola stocks tightest in four years

Winnipeg (CNS Canada) – Canola supplies in commercial hands in Canada dropped to their tightest level in four years, according to the latest data from the Canadian Grain Commission for the week ended Aug. 27. Visible canola supplies, at 511,500, are down from the already tight level of 556,700 tonnes posted the previous week and […] Read more

Canadian hard red wheat bids drop with US harvest pressure

Winnipeg (CNS Canada) – Hard red spring wheat bids in Western Canada moved lower for the sixth straight week during the week ended September 1, as the advancing U.S. harvest, declines in the Minneapolis futures, and rising Canadian dollar all weighed on local prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat […] Read more

StatsCan production survey timing likely to skew results

Winnipeg, Aug. 29 (CNS Canada) – Production of Canada’s major crops is generally expected to be down on the year after an adverse growing season in many areas. However, actual production may not end up as low as the estimates set to be released by Statistics Canada on Aug. 31 due to the timing of […] Read more

Uncertainty in grain and oilseed markets

Winnipeg, Aug. 28 (CNS Canada) – The start of harvest operations across Western Canada brought an air of uncertainty to the grain and oilseed markets during the week ended Aug. 25, as participants worked to get a better handle on the size and quality of this year’s crop after many areas dealt with adverse conditions. […] Read more

ICE Canada Weekly Outlook: Canola rangebound ahead of harvest

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts moved off of chart support during the week ended August 23, to hit its highest levels in two weeks. However, the market remains rangebound overall, as traders wait to get a better handle on the size of this year’s crop. With harvest operations just starting, Jamie […] Read more