ICE Futures canola contracts were down sharply on Wednesday, finishing just above major chart support as good harvest weather and bearish technical signals weighed on values. Sunny and dry weather across much of Western Canada should allow farmers to make good harvest progress, although the yields and quality of the later-harvested fields remains to be […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Harvest movement affects canola
ICE Futures canola contracts were lower on Tuesday, as seasonal harvest pressure and bearish technical signals weighed on prices. Sunny and dry conditions across most of Western Canada were allowing farmers to make good harvest progress, with the resulting hedge pressure finding its way into the futures market. Chart-based speculative selling contributed to the declines, […] Read more
Weekly Manitoba cattle report
Manitoba’s cattle auctions were busy during the week ended Oct. 19, as the fall run hit its full stride. “I think every barn had their biggest sale of the year so far,” said Rick Wright of Heartland Order Buying. While big volumes are normal for this time of year, he said cattle were coming to […] Read more
Canola funds cover shorts and move to net long
Speculators covered short positions in the ICE canola market during the week ended Oct. 16, moving from a net short position to a small net long position, 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 moved from a […] Read more
CBOT soybeans trending higher, with meal
Soybean and corn futures at the Chicago Board of Trade both saw some strength over the past week, and could see some additional upside, according to an analyst. Harvest delays due to poor weather and speculative short-covering accounted for some of the recent strength in the futures, according to Sean Lusk, director of the commercial […] Read more
Heavy canola deliveries despite harvest delays
Winnipeg – Canadian farmers made heavy deliveries of canola into the commercial pipeline during the first week of October, according to the latest Canadian Grain Commission data. The active movement came despite persistent reports of harvest-delaying weather in many areas. While snow continued to keep farmers off of their fields in parts of the Prairies, […] Read more
Soy stronger, canola holds steady
Winnipeg – ICE Futures canola contracts finished near unchanged on Thursday, as bearish technical signals and improving harvest weather was countered by spillover support from advances in Chicago Board of Trade soybeans. While cool and wet conditions continue to cause concerns across Western Canada, the forecasts are looking more favourable over the next week and […] Read more
Good pasture keeps Man. cattle from market
Winnipeg – The fall cattle run is off to a slow start in Manitoba this year, as improving pasture conditions kept some cattle away from the markets a little longer than normal. Prices for what was moving during the week ended Oct. 5 were steady at most markets, although seasonal pressure should pick up in […] Read more
Canola loses increases, soy down too
Winnipeg – ICE Futures canola contracts were weaker on Wednesday, as bearish chart signals and spillover from declines in the Chicago Board of Trade soy complex weighed on values. While cool and wet conditions continue to cause harvest delays across the Prairies, farmer deliveries were showing signs of picking up which brought some hedge pressure […] Read more
Soy drop affects canola; wheat rises
ICE Futures canola contracts were weaker on Tuesday, as a downturn in the Chicago Board of Trade soy complex spilled over to weigh on prices. Chart-based selling contributed to the declines in canola, with the November contract moving back below the psychological C$500 per tonne mark. However, cool and wet harvest-delaying weather across the Prairies […] Read more
