Winnipeg – ICE Futures canola contracts were weaker on Tuesday, although activity was thin and choppy with spreading the feature. Losses in Chicago Board of Trade soy complex and a steady tone in the Canadian dollar accounted for some of the selling pressure, as crush margins deteriorated on the day. Ongoing trade tensions with China […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Small losses for canola futures; wheat steady
Winnipeg – ICE Futures canola contracts settled with small losses in the most active months on Monday, after posting gains for most of the session. Canola held within a narrow range, lacking any clear direction as participants await some fresh market moving data, according to a trader. Gains in Chicago Board of Trade soybeans and […] Read more
Prairie CWRS bids firm while other classes edge lower
Winnipeg – Western Canadian wheat bids were mixed during the week ended April 12, reacting to activity in United States futures and a firmer Canadian dollar, with gains in hard red spring wheat and losses in Prairie spring wheat. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were up by C$1 to C$5 […] Read more
Feed barley bids soften as attention turns to new crop
Winnipeg – Feed barley bids in the key cattle feeding area of southern Alberta are coming under some pressure, as attention begins to turn to the new crop. “Demand is dropping off here a little bit,” said Allen Pirness of Market Place Commodities in Lethbridge, Alta. He said feedlots have extended coverage through the spring […] Read more
USDA lowers Canadian canola export forecast
Winnipeg – The slowing pace of Canadian canola exports, linked to the country’s trade dispute with China, saw the United States Department of Agriculture lower its forecast for Canadian canola exports in the current 2018/19 marketing year. In its latest Oilseeds: World Markets and Trade report, the USDA’s Foreign Agricultural Service said actual Canadian exports […] Read more
Canola futures hold, wheat weakens
Winnipeg – ICE Futures canola contracts settled narrowly mixed on Friday, with losses in the front months and gains in the new crop contracts as traders squared positions ahead of the weekend. Declines Chicago Board of Trade soybeans and ongoing uncertainty over Canada’s trade dispute with China weighed on values throughout the day. However, the […] Read more
Canola futures up; wheat mixed
Winnipeg – ICE Futures canola contracts ended higher on Thursday, after trading to both sides of unchanged in choppy activity throughout the session. Gains in Chicago Board of Trade soybeans and soyoil provided some underlying support, amid increasing optimism over the possibility of a trade deal between the United States and China. However, uncertainty over […] Read more
Weekly Outlook: ICE canola bearish with or without China
Winnipeg – ICE Futures canola contracts saw a modest correction off of major support over the week ended April 3, but the longer-term trend remains pointed lower with large old crop supplies and uncertain export prospects overhanging the market. Canadian canola exports to China are effectively non-existent right now, with the absence of that major […] Read more
Prairie CWRS bids drop with Minneapolis futures
Winnipeg – Western Canadian wheat bids posted losses across much of the region during the week ended March 29, with weakness in the Minneapolis futures and gains in the Canadian dollar behind the price activity. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were steady to down by nearly C$10 per tonne, according […] Read more
Canola fund short position continues to grow: report
Winnipeg – Fund traders remained on the short side in the ICE Futures canola market during the week ended March 19, adding to their large net short position, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and […] Read more
