Canola defies soyoil drop

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Wednesday. Considerable weakness in Chicago soyoil was characterized as an “overwhelmingly negative factor” for canola prices. At market close, soyoil was down by over a penny. In comparison, canola prices held fairly steady. A weaker tone to the Canadian dollar provided support to […] Read more

Canola mixed amid China rumours

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished mixed on Tuesday, with strength in nearby contracts due to short covering. Earlier in the day, rumours swirled regarding China increasing its Canadian canola imports. However, the Western Producer confirmed that China will continue to block shipments from Richardson International and Viterra Inc. Canola seed […] Read more

U.S. grain stocks down this March

WINNIPEG, March 31 (MarketsFarm) – Stocks of wheat in the United States are significantly lower as of March 1, according to the U.S. Department of Agriculture (USDA). The department issued its grain stocks as of March 1 report today. The USDA pegged total wheat stocks at 1.41 billion bushels, which is 11 per cent lower […] Read more


U.S. edible bean acres to increase, but other pulses down

Winnipeg, March 31 (MarketsFarm) – Farmers in the United States intend to plant more edible bean acres in 2020, but will seed less peas, lentils and chickpeas, according to the U.S. Department of Agriculture’s Prospective Plantings Report. Edible bean area in the country is forecast at 1.372 million acres, which would be up roughly seven […] Read more

Canola stands stronger, separating from soy

OTTAWA, (Reuters) – ICE canola futures rose on Monday. Canola was trading on its own strength and was not really following soybean oil, in part, because of the weak Canadian dollar, a trader said, adding that from a technical standpoint canola is starting to look a bit more bullish. There were also strong canola exports to Europe in the past week. May canola gained […] Read more


Dr. Deena Hinshaw, Alberta's Chief Medical Officer of Health, provides an update March 30.
Source: Alberta.ca

COVID-19 claims 5 Albertans in one day

Five Albertans died from COVID-19 in what was the most deadly and devastating day since the first cases appeared in the province. The death toll now lies at eight for Alberta. One woman in her 70s and another in her 50s died in Calgary. In Edmonton, two males in their 80s died. The fifth person […] Read more

Canola futures hold steady

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Friday, due to gains in Chicago soyoil and European rapeseed. Malaysian palm oil remained lower. Although farmer deliveries of canola were down for the week ended March 22, they remained strong. The Canadian Grain Commission reported deliveries were 406,800 tonnes compared […] Read more

Canola futures finish slightly lower

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, after trading most of the session on either side of steady. While Chicago soyoil managed to finish a little higher today, soymeal was down sharply and weighed on values. Gains in European rapeseed and Malaysian palm oil tempered further losses for canola. […] Read more


Tame trading keeps canola futures steady

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady on Tuesday, as no one wanted to aggressively push the market either way, according to a Winnipeg-based trader. While canola received support from strong gains in Chicago soyoil, lower soymeal and significantly reduced increases for soybeans weighed on values. The trader noted that farmers […] Read more

Canola starts the week strong

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Monday, due to gains in the Chicago soy complex and a weaker Canadian dollar. The soy complex saw good gains in beans, oil and meal as shipping delays in China and South America pushed up prices. By mid-afternoon Monday, the Canadian dollar was […] Read more