Winnipeg – ICE futures canola contracts moved higher during the week ended Aug. 17, although the market remains range-bound overall with seasonal harvest pressure and the large U.S. soybean crop likely to temper the upside going forward. From a chart-standpoint, the November contract remains stuck in a $50 range between C$475 and C$525 per tonne. […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Neonicotinoid phase-out reduces canola flea beetle control tools
Winnipeg – The phasing out of neonicotinoid seed treatments in Canada may cause problems for the country’s canola growers when dealing with flea beetles, but alternatives pesticides could fill the gap. Health Canada’s Pest Management Regulatory Agency (PMRA) is proposing that two neonicotinoid pesticides, clothianidin and thiamethoxam, be phased out over the next three to […] Read more
Canola gains with soybeans
Winnipeg – ICE Futures canola contracts settled with small gains on Friday, as a late bounce in Chicago Board of Trade soybeans provided some support. Soybeans had been down by as much as 15 cents per bushel for much of the session, but recovered in the final minutes of trade to settle with only small […] Read more
Canola falls amid harvest, water worries
Winnipeg – ICE Futures canola contracts were weaker on Wednesday, taking back all of Tuesday’s gains as losses in the Chicago soy complex weighed on values. The looming harvest and a lack of fresh weather worries in Western Canada added to the softer tone in canola, according to participants. However, persistent concerns over heat and […] Read more
Soybeans’ strength firms up canola
Winnipeg – ICE Futures canola contracts were stronger on Tuesday, as gains in Chicago Board of Trade soybeans encouraged some spillover speculative buying interest. Argentina announced it was suspending a program of cutting export taxes on soybeans and soy products, which was bullish for North American oilseed prices, according to a trader. The recent heat […] Read more
CWRS bids rise, but run into resistance
Winnipeg – Hard red spring wheat bids in Western Canada edged higher during the week ended Aug. 10, although the United States futures backed away from their nearby highs and the North American wheat market showed signs of running into resistance. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were up by C$1 […] Read more
Canola sees small gains Monday
Winnipeg – ICE Futures canola contracts settled with small gains on Monday after posting losses in the most active months for most of the session. Gains in Chicago Board of Trade soybeans and soyoil provided some underlying support for canola, while a softer tone in the Canadian dollar also underpinned the futures. Recent extreme heat […] Read more
Weather pushes Prairie wheat higher
Hard red spring wheat bids in Western Canada climbed higher during the week ended July 27, as heat and dryness concerns in a number of key wheat growing regions of the world sparked a rally in the United States futures. Production estimates out of Europe, the Black Sea region, and Australia were all seeing downward […] Read more
Canola contracts moved up last week
Winnipeg ICE Futures canola contracts moved higher for most of the week ended July 20, before running into resistance and ending with a softer tone on Friday. A recovery in the Chicago soy complex provided some underlying support for the Canadian oilseed, but canola remains expensive from a chart perspective. World trade continues to keep […] Read more
Canola shows stronger
Winnipeg – ICE Futures canola contracts were stronger on Thursday, as the oversold market found support from concerns over hot and dry growing conditions in parts of Western Canada. In addition to the weather concerns, canola was also underpinned by weakness in the Canadian dollar which was down by about half a cent relative to […] Read more
