ICE Futures canola contracts ended higher on Tuesday, as weakness in the Canadian dollar provided support. The currency fell to its lowest levels relative to its United States counterpart since June 2017, which helped crush margins improve. Speculators covering short positions, spillover from Chicago Board of Trade soybeans and a seasonal slowdown in farmer selling […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canola mixed, wheat shows stronger
ICE Futures canola contracts ended mixed on Monday, with a firmer tone in the front months and losses in the more deferred positions. While gains in Chicago Board of Trade soybeans were supportive, soyoil was lower and canola traders showed a reluctance to push values too far one way or the other. End-user demand provided […] Read more
Weekly Manitoba cattle report
Manitoba cattle auction yards were still keeping busy during the second week of December, as ranchers cleaned out cattle and feedlots looked to fill some pen space. Roughly 5,600 head of cattle were sold in the province during the week ended Dec. 14, which was well below the 10,000 cattle that moved through the rings […] Read more
Plant-based protein becomes more popular
Researchers link a projected decline in meat prices to reduced demand as Canadians look to lower meat consumption
Canadians are showing more interest in reducing meat consumption while increasing their purchases of plant-based proteins, according to data compiled in the latest Food Price Report from the University of Guelph and Dalhousie University. Overall, the report predicted a 1.5 to 3.5 percent increase in the average Canadian food bill in 2019. At the high […] Read more
Canola crush margins improving
Canola crush margins have shown some improvement over the past few months, which should be bringing in good demand from processors. As of Dec. 11, 2018, the Canola Board Crush Margin calculated by ICE Futures U.S. was about C$63 above the January contract, which was up by C$20 over the past month. That compares with […] Read more
Funds reduce short position in canola
Fund traders lowered their net short positions in ICE canola futures during the week ended Dec. 4, 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 other reportable speculators decreased their net short position in canola by […] Read more
Uncertainty moves into markets
ICE Futures canola contracts moved higher during the week ended Dec. 7, although whether or not that trend continues is questionable. A rally in Chicago Board of Trade soybeans Monday morning (Dec. 3) provided the initial spark for the move higher in canola, as participants reacted to news of a tentative trade truce between the […] Read more
Ample supplies keep canola weaker
ICE Futures canola contracts weaker in the most active months at Friday’s close, after trading to both sides of unchanged in choppy activity. Strength in the Canadian dollar accounted for some of the selling pressure in canola, according to participants. The currency was up by roughly half of a cent relative to its United States […] Read more
Canola stronger on lower StatsCan estimate
ICE Futures canola contracts were stronger in the most active months on Thursday, although activity was choppy as a number of conflicting influences pulled on the market. A downward revision to Statistics Canada’s canola production estimate provided underlying support. The government agency pegged the 2018-19 crop at 20.3 million tonnes, which was at the lower […] Read more
Firm canola has limited upside
Canola futures on the ICE platform moved higher during the week ended Dec. 6, as the market corrected off of the lows hit in late November. Gains in Chicago Board of Trade soybeans and a smaller 2018 Canadian canola crop contributed to the advances, although values may not have much more room to the upside, […] Read more
