Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Tuesday’s close, as support from gains in Chicago Board of Trade soybeans was countered by the bearish influence of the firmer Canadian dollar. Supportive technical signals contributed early gains, as recent losses were starting to look a bit overdone. The possibility of […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canola weaker, along with soy
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Monday, taking some direction from declines in the Chicago Board of Trade soy complex. Continued strength in the Canadian dollar contributed to the weaker tone, as the rising currency cuts into crush margins. However, lingering winter conditions across much of Western Canada provided […] Read more
Manitoba cattle movement mixed
Winnipeg (CNS Canada) – Cattle moving through the Manitoba auction yards were up and down during the week, with some classes moving higher and others lower. The market had “a mixed feeling,” according to Robin Hill, of Heartland Livestock Services in Virden. He said there was no real rhyme or reason to the gains or […] Read more
Late winter underpinning Prairie barley bids
Winnipeg (CNS Canada) – Lingering winter weather across the Canadian Prairies means cattle are eating more grain, but the possibility of delayed seeding also has farmers with grain to sell eyeing better prices. “As the winter continues to hang on, cattle producers are continuing to have to feed (grain) until they can get their cattle […] Read more
Canola chart points to bearish reversal
Winnipeg (CNS Canada) – After hitting a contract high on Monday, April 9, the ICE Futures Canada July canola contract subsequently turned decidedly lower to form a key reversal pattern from a chart perspective. July canola hit a high of C$539.50 per tonne on April 9, but settled right around where it started–near the lows […] Read more
Canola futures move higher
Winnipeg (CNS Canada) – Canola futures moved steadily higher over the course of the week ended April 6, with new crop November hitting fresh contract highs and the front months reaching their best levels in more than four months. The gains in canola came despite, or possible because of, a choppy week in the Chicago […] Read more
Canola rises as temps drop
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Friday, boosted by Prairie weather concerns and speculative buying. Lingering winter conditions across much of Western Canada have some analysts reconsidering acreage projections for the spring, with a later seeding start possibly shifting some intended canola acres into other crops, according to participants. […] Read more
Soybeans correct higher, canola mixed
Winnipeg, (CNS Canada) – ICE Futures Canada canola contracts were mixed on Thursday, with gains in the nearby old-crop months and losses in the more deferred positions. Advances in Chicago Board of Trade soybeans provided support, although activity was choppy in canola as the Canadian oilseed ran into resistance after already moving higher on Wednesday […] Read more
ICE Canada Weekly Outlook: Canola watching U.S./China spat
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts moved steadily higher over the past week as grain markets reacted to a mounting trade dispute between China and the United States. While no sanctions are yet in place, the back-and-forth sabre rattling between the two large countries now includes proposed Chinese tariffs on U.S. soybeans, […] Read more
China/U.S. trade war roils ag markets
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Wednesday, as an escalating trade dispute between China and the United States could open the door for more Canadian business. Responding to U.S. threats, China announced proposed tariffs of its own on a wide range of U.S. imports overnight – including soybeans. While […] Read more
