Winnipeg (MarketsFarm) – The Canadian dollar remains within a relatively stable range despite uncertainty in the global financial markets. “Even though there’s been a lot happening globally… the (Canadian) currency itself has been very well behaved,” said Mark Chandler, head of Canadian fixed income and currency strategy at RBC Capital Markets. “It’s been trapped in […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Late U.S. crop should slow corn price declines
Winnipeg, Sept. 4 – Chicago Board of Trade corn futures fell to fresh contract lows during the week ended Sept. 4, but could be running out of room to the downside amid concerns over the lateness of this year’s United States crop. The weather is benign and the government is telling us there’s really no […] Read more
Canola steady after long weekend
WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Tuesday, as bids wobbled up and down, according to a trader. He commented there is nothing to break canola, and other oilseeds, from being range-bound. While rain over the Labour Day long weekend slowed the harvest, frost has yet to strike […] Read more
Harvest weighs on Sask pulse bids, but quality a question
Winnipeg, Sept. 3 (MarketsFarm) – Seasonal harvest pressure may be weighing on pea and lentil bids in Western Canada, but rain delays could lead to quality premiums down the road. Large green lentils delivered to the plant are currently trading at around 20 cents per pound at the high end, with red lentils topping out […] Read more
Canola futures stronger with soy
Winnipeg (MarketsFarm) – The ICE Futures canola market was stronger on Friday, taking some direction from Chicago Board of Trade soyoil as traders adjusted positions ahead of the long weekend. Markets will be closed Monday for Labour Day. Chart-based buying contributed to the gains, although the November contract ran into resistance around C$450 per tonne. […] Read more
Large new crop expectations weigh on Canadian feed grain bids
Winnipeg (MarketsFarm) – Feed grain bids in Western Canada have trended lower over the past month amid expectations for large barley production and concerns over possible downgrades to wheat quality. “We’ve definitely seen (barley prices) soften up quite a bit,” said grain broker Nelson Neumann, of Agfinity in Stony Plain, Alta. New crop feed barley […] Read more
Canola dips slightly, awaits crop size clarity
Winnipeg, (MarketsFarm) – The ICE Futures canola market settled with small losses on Thursday, after trading to both sides of unchanged in choppy activity. With little fresh news in the market, participants were content to keep prices steady until they get a better handle on the size of this year’s crop, according to a trader. […] Read more
Canadian chickpeas look ok, but prices soft
Winnipeg – Canada’s chickpea crop likely beat earlier expectations, but poor prices may limit farmer sales at harvest time. “We planted the crop in drought conditions” and were preparing for the worst, said Colin Young of Midwest Grain in Moose Jaw, Sask., pointing to the lack of subsoil moisture in the key chickpea growing regions […] Read more
Canola futures settle higher
Winnipeg – The ICE Futures canola market settled with small gains on Wednesday, after trading to both sides of unchanged in choppy activity as the market reacted to Statistics Canada’s first survey-based production estimate of the crop year. Statistics Canada pegged the 2019/20 canola crop at 18.45 million tonnes, which would be down by nearly […] Read more
Canola futures sink again
Winnipeg – The ICE Futures canola market was weaker on Tuesday, breaking below nearby chart support. Seasonal harvest pressure and losses in Chicago soybeans contributed to the declines. A move below C$448 per tonne in the November contract was bearish from a chart standpoint, which encouraged some additional speculative selling, according to a trader. Better-than-expected […] Read more
