Winnipeg (CNS Canada) – ICE Futures Canada canola contracts appear to have finally run into some resistance after trending higher for all of February. While a return higher is possible, canola will take most of its direction going forward from what happens in outside markets. The May canola contract hit a three-month high of C$531 […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canola, wheat doing well, CDN dollar not so much
WINNIPEG – ICE Futures Canada canola contracts moved to their highest levels in three months during the week ended March 2, having posted gains for 10 straight sessions. Losses in the Canadian dollar and gains in Chicago Board of Trade soybeans helped keep speculators on the buy side. While the May canola contract rose by […] Read more
Canola strengthens with soybean
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, seeing a continuation of their month-long uptrend as supportive technical signals and gains in the Chicago Board of Trade soy complex provided support. Weakness in the Canadian dollar contributed to the gains, as the currency broke below 78 U.S. cents. However, increased […] Read more
Canola rises to three-month highs
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Wednesday, hitting their highest levels in three months as gains in Chicago Board of Trade soybeans and weakness in the Canadian dollar provided support. While CBOT soyoil futures were softer on the day, the activity in soymeal and the Canadian dollar were enough […] Read more
Grain/Oilseed Review: Canola mixed after choppy day
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Tuesday’s close, after bouncing around both sides of unchanged in choppy activity. Gains in Chicago Board of Trade soybeans and weakness in the Canadian dollar provided support for most of the day, with fund buying also underpinning the futures as speculators built […] Read more
Canola mixed at close
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Tuesday’s close, backing away from earlier gains in the final minutes of trade. Gains in Chicago Board of Trade soybeans and soymeal futures provided spillover support for most of the day. Declining production prospects out of Argentina were especially supportive for CBOT […] Read more
Canola hits two-month highs
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts posted solid gains on Monday, taking some direction from a rally in Chicago Board of Trade soybeans. South American weather concerns provided the catalyst for the gains in beans, which spilled into the canola market. Chart-based buying contributed to the strength in canola with some stops […] Read more
Weekly Manitoba cattle report
Winnipeg (CNS Canada) – Routine winter movement was the order of the day at Manitoba’s auction marts during the week ended February 9, with the cattle moving through the rings. Only about 6,300 cattle were on offer across the province during the week, which was down by about 2,000 from the previous week as cold […] Read more
1-million increase in canola acres predicted
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Friday, although activity was thin and choppy with spillover selling from the losses in Chicago soybeans countered by strength in soyoil. A forecast from Agriculture and Agri-Food Canada predicting a one million acre increase in canola area in 2018 compared to 2017 added […] Read more
Canola hits two-week highs
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Friday, settling at their highest levels in two weeks as the market saw a continued bounce off of the nearby lows hit on Wednesday. Gains in Chicago Board of Trade soybeans and weakness in the Canadian dollar were supportive A lack of significant […] Read more
