Statistics Canada pegged canola supplies in the country as of March 31, 2018, at 9.1 million tonnes, which was the second-largest on record for that time of year and about 1.1 million tonnes above the stocks-on-hand at the same point in 2017. | File photo

Canadian canola stocks comfortable, but looking to new crop

Winnipeg, May 11 (CNS Canada) – Canadian canola stocks are rather large heading into the new growing season, but attention now is firmly on new crop production. Statistics Canada pegged canola supplies in the country as of March 31, 2018, at 9.1 million tonnes, which was the second-largest on record for that time of year […] Read more

The USDA pegged wheat carryout for the upcoming 2018/19 marketing year at 955 million bushels, which was about thirty million bushels above average trade guesses. | File photo

U.S. wheat stocks bigger than expected, now watching weather

Winnipeg (CNS Canada) – A larger-than-expected wheat ending stocks forecast from the United States Department of Agriculture weighed on the country’s wheat futures on Thursday, with attention now squarely on weather conditions. The government agency pegged wheat carryout for the upcoming 2018/19 marketing year at 955 million bushels, which was about thirty million bushels above […] Read more

Canola market mixed last week

Winnipeg (CNS Canada) – It was a bit of a mixed bag in the canola market during the week ended May 4, with the old crop months drifting lower and the new crop contracts steady to higher. Warm and dry weather across Western Canada allowed farmers to start making headway with spring seeding, with cereals […] Read more


Saskatchewan farmers intend to seed 2.171 million acres of peas, which would be actually up slightly from the 2.165 million seeded in 2017. | File photo

Saskatchewan pulse acreage ideas hold firm despite pressures

Winnipeg (CNS Canada) – Disruptions marketing to India may have cut into prices for peas and lentils over the past year, but farmers in Saskatchewan did not shift their acreage intentions for 2018 all that much when it comes to pulses, according to survey results released by Statistics Canada on April 27. Saskatchewan farmers intend […] Read more

Canola had been looking rather expensive compared to other oilseeds, which likely contributed to the softer tone. A drop in Chicago Board of Trade soyoil futures and other world vegetable oil markets also weighed heavily on the market. The threat of a strike at Canadian Pacific Rail was also still a factor in the background. | File photo

Canola futures ignored bullish signals

Winnipeg, MB (CNS Canada) – ICE Futures Canada canola futures had every reason to rally sharply higher during the week ended April 27, but ignored all of the bullish news and drifted down instead. Canola had been looking rather expensive compared to other oilseeds, which likely contributed to the softer tone. A drop in Chicago […] Read more


Canadian canola exports are running about half-a-million tonnes behind the year-ago pace. | File photo

Canola exports behind last year’s pace

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts posted solid gains over the week ended April 20, correcting off of nearby lows despite a softer tone in Chicago soybeans and soyoil. Weakness in the Canadian dollar, which lost about a cent relative to its United States counterpart, accounted for some of the strength in […] Read more

Manitoba cattle movement mixed

Winnipeg (CNS Canada) – Cattle moving through the Manitoba auction yards were up and down during the week, with some classes moving higher and others lower. The market had “a mixed feeling,” according to Robin Hill, of Heartland Livestock Services in Virden. He said there was no real rhyme or reason to the gains or […] Read more

Late winter underpinning Prairie barley bids

Winnipeg (CNS Canada) – Lingering winter weather across the Canadian Prairies means cattle are eating more grain, but the possibility of delayed seeding also has farmers with grain to sell eyeing better prices. “As the winter continues to hang on, cattle producers are continuing to have to feed (grain) until they can get their cattle […] Read more


Canola chart points to bearish reversal

Winnipeg (CNS Canada) – After hitting a contract high on Monday, April 9, the ICE Futures Canada July canola contract subsequently turned decidedly lower to form a key reversal pattern from a chart perspective. July canola hit a high of C$539.50 per tonne on April 9, but settled right around where it started–near the lows […] Read more

Canola futures move higher

Winnipeg (CNS Canada) – Canola futures moved steadily higher over the course of the week ended April 6, with new crop November hitting fresh contract highs and the front months reaching their best levels in more than four months. The gains in canola came despite, or possible because of, a choppy week in the Chicago […] Read more