ICE Futures canola contracts were stronger on Wednesday, as weakness in the Canadian dollar provided support. The Bank of Canada kept its key overnight interest rate unchanged at 1.75 per cent on Wednesday while lowering its expectations for future rate hikes in the accompanying statement. The Canadian dollar lost two-thirds of a cent relative to […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
More Canadians turning to plant-based proteins: report
Canadians are showing more and 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 […] Read more
Canola futures stronger
ICE Futures canola contracts were stronger on Tuesday, taking some direction from the gains in Chicago Board of Trade soybeans and soyoil. Speculative short covering and weakness in the Canadian dollar contributed to the firmer tone in canola, according to a broker. However, losses in the outside equity markets and reduced optimism over the tentative […] Read more
Oils rise with buoyant markets
ICE Futures canola contracts were stronger on Monday, as sharp gains in Chicago Board of Trade soyoil and soybean contracts provided spillover support. The United States markets strengthened on news that the U.S. and China had reached a trade truce over the weekend. While there was little concrete information beyond an agreement to delay additional […] Read more
Hard red wheat bids rise in Western Canada
Hard red spring wheat bids in Western Canada strengthened during the week ended Nov. 30, as gains in the Minneapolis futures and a softer tone in the Canadian dollar helped basis levels improve. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were up by C$1 to C$3 per tonne over the course of […] Read more
Total Canadian grain exports running well ahead of average
Canadian canola exports may be slightly behind the year-ago pace, but wheat movement is very strong and total crop exports to-date are running well ahead of average for this time of year, according to the latest statistics from the Canadian Grain Commission (CGC). Canada exported 219,800 tonnes of canola during the week ended Nov. 25, […] Read more
Malting barley courts two different types of buyers
China and craft beer brewers have become major customers of Canadian barley, but their requirements can be very different
The rising North American craft beer sector and strong demand out of China are both good news stories for Canada’s malt barley sector, but those two customers have different needs that can also create challenges, said industry officials speaking at the annual Grain World conference in Winnipeg Nov. 13. Lorelle Selinger, North American supply chain […] Read more
Canola futures hit new lows
ICE canola futures touched their lowest levels in more than a year on Nov. 20, but managed to uncover some support to the downside and were relatively steady on the week by Friday, Nov. 23. However, activity was thin and choppy with markets in the United States closed for part of the week due to […] Read more
Long awaited fund report still murky for canola
The recent move to New York for the ICE Futures canola contract has brought with it fresh oversite from the United States Commodity Futures Trading Commission (CFTC). The weekly Commitment of Traders (CoT) report compiled by the CFTC provides details on who is trading canola and the size of their positions, but the numbers are […] Read more
Canola corrects off lows, but more losses possible
ICE Futures canola contracts fell to their lowest levels in 15 months during the week ended Nov. 21, but found some support to the downside as traders reacted to activity in the Canadian dollar and Chicago soyoil. “Canola seems to be getting some short covering after a long break (lower),” said Ken Ball, of PI […] Read more
