Winnipeg – Canadian canola supplies as of March 31, 2019 of just over 10 million tonnes marked a new record for the date, according to the latest stocks of principal field crops report from Statistics Canada, released May 7. The government agency pegged canola supplies in the country at the end of March at 10.019 […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canada ‘playing chess’ on canola file
Winnipeg – Canola seed sales to China remain at a standstill with little fresh news to report, according to a Canola Council of Canada briefing to farmers held Friday morning together with Minister of International Trade Diversification Jim Carr. However, efforts on a number of fronts are ongoing, as Canada works to resolve the issue. […] Read more
Canola hits new lows due to trade disputes
Winnipeg – ICE Futures canola contracts fell to fresh contract lows for the fourth-straight session on Thursday as the market continued to lack any supportive news. Bearish technical signals, Canada’s ongoing trade dispute with China, losses in Chicago Board of Trade soybeans, and a lack of end user demand all weighed on values. While expectations […] Read more
ICE Canola Weekly: Bearish funds keep market pointed lower
Winnipeg – ICE Futures canola prices fell to their lowest levels since 2014 during the week ended May 1, as bearish technical signals and a lack of progress on trade relations with China weighed on values. While a short-covering correction is possible, the underlying fundamentals also remain bearish. Speculators adding to their large net short […] Read more
Weekly Manitoba cattle report
Winnipeg – Good volumes moved through those Manitoba cattle auctions open during the week ended April 26, with solid prices in both the feeder and butcher markets. The short week due to Good Friday the previous week and the fact that some auctions were closed for Easter Monday meant that the sales that were running […] Read more
Large spec short position overhanging canola market
Winnipeg – Speculators added to their large net short position in ICE Futures canola during the week ended April 23, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators had a net short position of 58,004 contracts on April […] Read more
Western Canadian feed market stabilizing
Winnipeg – Western Canadian feed grain prices have come under pressure over the last month, but appear to be stabilizing as attention turns to spring seeding across the Prairies. “We’ve been steadily dropping for the past few weeks, and it’s leveled out now,” said Tracey Green, grain broker with Market Master Ltd. in Edmonton, Alta. […] Read more
Less canola, more wheat expected from Statistics Canada
Winnipeg – Canadian farmers will likely seed less canola and more spring wheat in 2019, but the extent of any acreage shifts remains to be seen as market participants await Statistics Canada’s first seeded area estimates of the year on April 24. Canola prices in Western Canada have dropped over the past few months, as […] Read more
Canola hits new contract lows
Winnipeg – ICE Futures canola contracts fell to fresh contract lows on Thursday, retreating from earlier gains as the ongoing trade tensions with China had speculators on the sell side ahead of the long weekend. Markets will be closed on April 19 for Good Friday. While the path of least resistance was pointed lower for […] Read more
ICE weekly outlook: Canola sideways, waiting for news
Winnipeg – ICE Futures canola contracts moved lower during the week ended April 17, but remain stuck in a sideways trading range overall waiting for some fresh market moving news. “April is usually the quietest month of the year for us,” said Ken Ball of PI Financial in Winnipeg. In addition to large world oilseed […] Read more
