Winnipeg (CNS Canada) – A larger-than-expected wheat ending stocks forecast from the United States Department of Agriculture weighed on the country’s wheat futures on Thursday, with attention now squarely on weather conditions. The government agency pegged wheat carryout for the upcoming 2018/19 marketing year at 955 million bushels, which was about thirty million bushels above […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canola market mixed last week
Winnipeg (CNS Canada) – It was a bit of a mixed bag in the canola market during the week ended May 4, with the old crop months drifting lower and the new crop contracts steady to higher. Warm and dry weather across Western Canada allowed farmers to start making headway with spring seeding, with cereals […] Read more
Canola lower at front, higher in deferred positions
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled mixed on Friday, with losses in the front months and gains in the more deferred positions as the old/new crop spreads narrowed in ahead of the weekend. Good seeding weather across the Prairies and spillover selling from a downturn in Chicago Board of Trade soybeans […] Read more
Saskatchewan pulse acreage ideas hold firm despite pressures
Winnipeg (CNS Canada) – Disruptions marketing to India may have cut into prices for peas and lentils over the past year, but farmers in Saskatchewan did not shift their acreage intentions for 2018 all that much when it comes to pulses, according to survey results released by Statistics Canada on April 27. Saskatchewan farmers intend […] Read more
Soy weighs down canola prices
Winnipeg, May 1 (CNS Canada) – ICE Futures Canada canola contracts settled mostly lower on Tuesday, as weakness in Chicago Board of Trade soyoil weighed on prices. While gains in CBOT soybeans and a weaker tone in the Canadian dollar provided support earlier in the day, canola was eventually pressured lower by the new […] Read more
Canola mixed, soy lower
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled mixed on Monday, with losses in the front months and gains in the more deferred positions. Supportive chart signals and a lack of significant farmer selling helped underpin canola throughout the session. Good weather across the Prairies was said to be limiting hedge pressure, as […] Read more
Canola futures ignored bullish signals
Winnipeg, MB (CNS Canada) – ICE Futures Canada canola futures had every reason to rally sharply higher during the week ended April 27, but ignored all of the bullish news and drifted down instead. Canola had been looking rather expensive compared to other oilseeds, which likely contributed to the softer tone. A drop in Chicago […] Read more
Canola exports behind last year’s pace
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts posted solid gains over the week ended April 20, correcting off of nearby lows despite a softer tone in Chicago soybeans and soyoil. Weakness in the Canadian dollar, which lost about a cent relative to its United States counterpart, accounted for some of the strength in […] Read more
Canola mixed; soybeans down
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts bounced off their session lows in the final minutes of trade to settle narrowly mixed as the market consolidated ahead of the weekend. After posting sharp gains on Thursday, canola was looking a bit overdone to the upside, and was lower in sympathy with Chicago […] Read more
Canola climbs; soybeans down
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were up sharply on Thursday, as speculative short-covering, solid end user demand, and weakness in the Canadian dollar all provided support. A looming strike at Canadian Pacific Rail provided the catalyst for the speculative short-covering that drove canola higher, according to a broker. He said […] Read more
