ICE Futures canola contracts were stronger on Wednesday, as spillover from a rally in Chicago Board of Trade soyoil provided support. Speculative short-covering contributed to the gains, as traders squared positions ahead of the Thanksgiving holiday in the United States. Markets in the country will be closed Thursday, while canola will trade its normal hours. […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Cash Canadian oats solid, acreage increase likely in 2019
Recent volatility in the lightly traded Chicago Board of Trade oats futures has not been felt in the Canadian cash market, where values look solid heading through the winter months. March oats in Chicago hit a contract high of US$3.1750 per bushel on Nov. 19, but was back trading at around US$2.90 per tonne […] Read more
Canola recovers slightly; wheat mixed
ICE Futures canola contracts were stronger on Tuesday, as speculative short-covering helped the market recover off of the yearly lows hit on Monday. Weakness in the Canadian dollar, which was down by two-thirds of a cent relative to its United States counterpart, contributed to the firmer tone in canola. Advances in the Chicago soy complex […] Read more
Canola down; soybeans too
ICE Futures canola contracts were lower on Monday, finishing right above major chart support as the market reacted to the heavy losses seen in Chicago Board of Trade soybeans. Renewed concerns over the state of trade relations between the United States and China sparked the selloff in soybeans that spilled into canola, according to participants. […] Read more
Weekly Manitoba cattle report
The fall run remained in full swing at Manitoba cattle auction marts during the week ended Nov. 16, with large volumes and reasonably steady feeder prices at most yards. About 16,500 cattle moved through the rings across the province during the week, with demand coming from all of the usual sources. Feeder steers 600 pounds […] Read more
Fund net short position growing in canola
Speculators added to their net short positions in canola during the week ended Nov. 13, 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 increased their net short position to roughly 29,400 contracts in canola during the reporting period, […] Read more
Range-bound soybeans/corn looking for fresh news
With Midwestern harvest operations nearing completion for the year, the range-bound United States grain and oilseed markets are looking for fresh news to provide direction. Soybean, corn and wheat futures all remain stuck in relatively sideways trading patterns and “the only thing that will change that is an adverse situation in South American weather, which […] Read more
Hog marketing in transition
Large slaughter numbers in the United States and the resulting increase in pork supplies should weigh on the Canadian hog sector in the short-term, but the long-term outlook remains more favourable, says an analyst. “It feels like we’re in a bit of a transition time,” said Tyler Fulton, director of risk management with Hams Marketing […] Read more
Canola hits new 15-month low
ICE Futures canola contracts were mostly lower on Wednesday, with the most active months hitting their weakest levels since August 2017 as speculative selling weighed on values. Some of the activity tied to spreading against Chicago Board of Trade soybeans, which were higher on the day. The settlement below C$480 per tonne in the January […] Read more
Malt barley courts two different buyers
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 which can also create some challenges, said industry officials speaking at the annual Grain World conference in Winnipeg Nov. 13. Lorelle Selinger, North American supply […] Read more
