Winnipeg, Jan. 18 (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, taking some direction from soybeans at the Chicago Board of Trade. A lack of significant farmer selling contributed to the gains, according to traders, with many producers thought to be holding out for higher prices for the time being. Concerns […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Prairie snow still in short supply
Large section of central Saskatchewan has virtually no snow, while levels in other areas are below average
WINNIPEG — Parts of the Sahara Desert received rare snowfall last week, with up to 40 centimetres falling in the Algerian desert town of Ain Sefra. That freak snow — only the third time in 40 years — made for some fantastic photographs before melting but would be more welcome in Western Canada, where many […] Read moreCanola higher but outlook still bearish
WINNIPEG — ICE Futures Canada canola contracts moved higher during the first trading week of 2018 as speculators covered short positions and the market saw a modest recovery off of the late-December lows. Bitterly cold temperatures across much of Western Canada and the resulting slow-down in country movement was also supportive, although the latest grain […] Read more
Canola posts small losses at week’s end
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled with small losses on Friday, as speculative profit-taking put some pressure on values to end the week. Strength in the Canadian dollar throughout the session contributed to the softer tone in canola, as the rising currency cuts into crush margins and makes exports less […] Read more
Canadian dollar set to weaken heading into New Year
Winnipeg, Dec. 7 (CNS Canada) — The Canadian dollar has seen some wide moves over the past week, but appears to be trending lower relative to its U.S. counterpart heading into 2018, according to a currency analyst. “We see (the Canadian dollar) weaker for the first quarter of this year,” said currency strategist Mark Chandler, […] Read more
Record weekly canola exports reported
Winnipeg, Nov. 10 (CNS Canada) – Canada exported the most canola in a single week ever during the week ended Nov. 5, according to the latest Canadian Grain Commission report. The CGC pegged weekly canola exports at 470,200 tonnes of canola during the reporting period. That compares with average weekly exports over the past year […] Read more
Canadian grain futures fade away
WINNIPEG — “If you build it, they won’t always come” turned out to be the case with ICE Futures Canada’s grain contracts, which were finally delisted today after years of little to no activity. Milling wheat and durum futures were introduced by ICE Canada in 2012 in response to the end of the Canadian Wheat […] Read more
Baltic Dry Index hits three-year high
Winnipeg, Sept. 12 (CNS Canada) – The Baltic Dry Index has seen some strength over the past two months, rising to its highest levels in nearly three years. The BDI settled at 1,355 points on September 11, having gained roughly 500 points over the past two months. The index was last this high in November […] Read more
Near record farmer canola deliveries: CGC
Winnipeg, Sept. 15 (CNS Canada) – Canola remains the cash-flow king of the Prairies, with farmers making near-record deliveries off the combine, according to the latest Canadian Grain Commission weekly report. A total of 627,000 tonnes of canola were delivered into the commercial system during the week ended Sept. 10, which would mark the third […] Read more
Visible Canadian canola stocks tightest in four years
Winnipeg (CNS Canada) – Canola supplies in commercial hands in Canada dropped to their tightest level in four years, according to the latest data from the Canadian Grain Commission for the week ended Aug. 27. Visible canola supplies, at 511,500, are down from the already tight level of 556,700 tonnes posted the previous week and […] Read more
