Winnipeg (CNS Canada) – ICE Futures Canada canola contracts ran into some major resistance over the past week before turning lower, with more downside possible as seasonal trends should weigh on values. “Seasonally speaking, we’re in the neighborhood where canola makes the turn down,” said Mike Jubinville of ProFarmer Canada, noting that canola typically sees […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canola, soy trend in different directions
Winnipeg – ICE Futures Canada canola contracts were stronger on Tuesday, largely ignoring a downturn in the Chicago Board of Trade soy complex. The losses in soybeans were tied to renewed concerns over the trade dispute between China and the United States, with any issues between those two countries possibly opening the door for more […] Read more
Canola retreats from gains
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Friday’s close, retreating from earlier gains with losses in the nearby July contract and strength in the new crop months. Positioning ahead of the long weekend was a feature, as Canadian markets will be closed for Victoria Day on Monday while markets […] Read more
Canola higher, Soybeans drop
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, seeing a modest recovery after Wednesday’s declines. Gains in Chicago Board of Trade soyoil provided some spillover support for canola, although soybeans were lower. There were some ideas circulating the market that looming Chinese tariffs on U.S. soybeans were shifting some oilseed […] Read more
Canola, soybeans end lower
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Wednesday, taking some direction from Chicago Board of Trade soybeans and soyoil. Strength in the Canadian dollar added to the weaker tone in canola, as the currency rallied back above 78 U.S. cents. Bearish chart signals contributed to the declines as the […] Read more
Canola strong despite dryness
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Tuesday, with weakness in the Canadian dollar behind some of the strength. Dryness concerns across much of the Prairies were also supportive. Many areas are in need of moisture, but there is little in the nearby […] Read more
Canola holds; soybeans up
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled near unchanged in the most active months on Monday, retreating from earlier gains as the market ran into technical resistance. Gains in Chicago Board of Trade soybeans provided support for most of the session, but soyoil futures were softer on the day. Forecasts calling for […] Read more
Weekly Manitoba Cattle Report
Winnipeg (CNS Canada) – Manitoba cattle markets are generally holding firm in mid-May, although the seasonal slow-down in the numbers moving through the yards led to some choppiness from animal to animal. “Some cattle were stronger, some weren’t,” said Dave Nickel of the Gladstone Auction Mart, adding that it was hard to get a handle […] Read more
Canadian spring wheat bids down as loonie rises and futures drop
Winnipeg (CNS Canada) – Hard red spring wheat bids in Western Canada moved lower during the week ended May 11, as a rally in the Canadian dollar and losses in the United States futures weighed on values. Forecasts calling for improving moisture conditions in U.S. winter wheat growing regions accounted for some of the selling […] Read more
Canadian canola stocks comfortable, but looking to new crop
Winnipeg, May 11 (CNS Canada) – Canadian canola stocks are rather large heading into the new growing season, but attention now is firmly on new crop production. Statistics Canada pegged canola supplies in the country as of March 31, 2018, at 9.1 million tonnes, which was the second-largest on record for that time of year […] Read more
