Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Monday, retreating from earlier gains in choppy activity. Strength in the Canadian dollar and a steady tone in Chicago Board of Trade soyoil accounted for some of the selling pressure, as crush margins softened. Chart-based speculative selling contributed to the declines, with the November […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Indian monsoon rains catch-up, but pulse crops still at risk
Winnipeg – Heavy rains in recent weeks have brought India’s monsoon rainfall back up to normal levels after a slow and dry start to the season, according to reports out of the country. However, flooding and the uneven distribution of moisture could still hurt crop production. A normal monsoon is 96-104 percent of the 50-year […] Read more
Oats market remains steady as harvest starts
Winnipeg – The Western Canadian oats market is stable at prices a bit better than a year ago, as the harvest gets underway and participants wait to see how much will be moving off the combine to the market. Early yield reports are ranging anywhere from 80 to 140 bushels per acre, said Tyler Palmer, […] Read more
Ag Canada increases wheat production forecast
Winnipeg – Canadian wheat production in 2019/20 is forecast to come in at 500,000 tonnes above an earlier forecast, according to updated supply/demand tables from Agriculture and Agri-Food Canada released Aug. 21. Wheat ending stocks were also raised, while adjustments to the canola tables led a slight reduction to the still record-large carryout forecast. Total […] Read more
Oats market steady, watching harvest
Winnipeg, (MarketsFarm) – The Western Canadian oats market is stable at prices a bit better than a year ago, as the harvest gets underway and participants wait to see how much will be moving off the combine to the market. Early yield reports are ranging anywhere from 80 to 140 bushels per acre, said Tyler […] Read more
Canola futures stronger; wheat steady
Winnipeg, (MarketsFarm) – The ICE Futures canola market was stronger on Friday, taking some direction from Chicago Board of Trade soybeans as traders squared positions ahead of the weekend. Speculative short-covering was a feature as fund traders took some profits on their bearish bets, according to a trader. Solid crush margins added to the firm […] Read more
Canadian wheat bids mixed, watching futures and currency
Winnipeg,(MarketsFarm) – Wheat bids in Western Canada were narrowly mixed during the week ended Aug. 15, with losses in the United States futures countered by support from a softer Canadian dollar. The Canadian dollar was down by roughly a third of a cent relative to its United States counterpart, while the futures were all lower […] Read more
Good crush margins helps canola
Winnipeg, (MarketsFarm) – The ICE Futures canola market settled with small gains on Thursday, as the market continued to find some strength after dropping earlier in the week. Crush margins remain at some of their best levels of the past year, making canola attractively priced for end users, according to traders. Production uncertainty in parts […] Read more
Soyoil losses still a drag on canola futures
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, with losses in Chicago Board of Trade soyoil behind some of the spillover selling pressure. News that the United States would delay imposing 10 per cent tariffs on some Chinese imports contributed to the weakness in canola, according to a trader, as easing […] Read more
Canola futures follow corn and soybeans lower
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Monday in sympathy with the much larger losses in Chicago Board of Trade corn and soybeans. The United States grains and oilseeds were sharply lower on Monday, with limit-down losses in corn in reaction to updated acreage and production numbers from the U.S. Department […] Read more
