Winnipeg – The ICE Futures canola market was mixed on Thursday, with losses in the nearby July contract but gains in the more deferred positions as persistent Prairie dryness concerns and excessive moisture in the United States provided support. The latest weekly crop report from Saskatchewan, released Thursday morning, showed topsoil moisture in the province […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Oats market solid, watching weather
Winnipeg – Tight old crop supplies are keeping oats prices well supported in Western Canada, although buyers are covered for the time being and waiting for a clearer picture on new crop production. “It’s tough to find old crop demand currently, as many larger scale end users are covered,” said Ryan McKnight, of Linear Grain […] Read more
Soybeans, dryness support canola futures
Winnipeg – The ICE Futures canola market was stronger on Wednesday, taking some direction from Chicago Board of Trade soybeans. Soybeans were up sharply as wet weather across the Midwestern United States continued to stress crops and delay seeding. Meanwhile, a persistent lack of moisture in some key Canadian growing regions also remained supportive, according […] Read more
Weather concerns boost canola; corn rally spills over into wheat
Winnipeg, (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday as ongoing Prairie weather concerns provided support. A large portion of central and southern Saskatchewan continues to miss out on any significant shower activity, leading to uncertainty over the size of this year’s canola crop. However, the large old crop carryout and ongoing […] Read more
Canola futures mixed, wheat too
Winnipeg – The ICE Futures canola market was mixed on Monday, with strength in the nearby July contract and losses in the more deferred positions as the old/new crop spread narrowed in. Rain was spotty across Western Canada over the weekend. Manitoba and Alberta saw the most precipitation, while some of the drier areas of […] Read more
Weekly Manitoba cattle report
Winnipeg – Recent strength in the grain markets has inversely weighed on cattle prices, although activity at Manitoba’s auction yards is slowing down for the season. A number of auctions were closed for the week, and many will soon be shutting down for the summer or running at a reduced capacity. Prices for what was […] Read more
Canadian mustard market steady, but watching weather
Winnipeg – Mustard crops in Western Canada are waiting on rain, just like most everything else, but spot prices have not yet reacted to the weather concerns as end users are well covered with contracted supplies and are waiting to see how conditions develop over the growing season. “At this time of the year, every […] Read more
Barley bids rise on weather woes and tight old crop supplies
Winnipeg – Tight old crop supplies and mounting weather concerns over new crop production are keeping feed grain prices well supported in Western Canada as end users work to ration supplies. “We’ve seen a very real weather market emerge in the last few weeks,” said Brandon Motz, of CorNine Commodities in Lacombe, Alta., pointing to […] Read more
Weather boosts canola futures
Winnipeg – ICE Futures canola contracts posted sizeable gains on Wednesday, with continued strength in the Chicago Board of Trade soy complex behind some of the spillover buying interest. While wet fields and seeding delays across the United States Midwest boosted soybean prices, canola found additional support from worries over dryness in parts of Western […] Read more
Canola future break upwards
Winnipeg – ICE Futures canola contracts were up sharply on Tuesday, breaking out of their nearby trading range as a rally in Chicago Board of Trade grains and oilseeds provide support. Weather concerns across the Midwest sparked the buying interest in the United States futures, with excessive moisture delaying corn and soybean seeding in the […] Read more
