Canola mixed, wheat shows stronger

ICE Futures canola contracts ended mixed on Monday, with a firmer tone in the front months and losses in the more deferred positions. While gains in Chicago Board of Trade soybeans were supportive, soyoil was lower and canola traders showed a reluctance to push values too far one way or the other. End-user demand provided […] Read more

Canola drops with soy

The ICE Futures canola contacts finished the day weaker, realigning itself with the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all weaker, however they weren’t down as much they were on Thursday. Despite more positive news from China, analysts are thinking the soybean market has peaked for now. The […] Read more

Hemp prices likely to remain consistent in 2019

Canadian prices for hemp likely won’t change very much in 2019, according to Clarence Shwaluk of Fresh Hemp Foods in Winnipeg, Man. Even the passage of the United States 2018 Farm Bill, which legalized hemp in that country, shouldn’t have much of an impact on prices. The new Farm Bill has yet to be signed […] Read more

Differing opinions on quinoa prices in 2019

There are opposing views on what will happen with Canadian quinoa prices in 2019. One buyer believes the specialty crop will increase a few cents per pound, while another believes the price will slightly decrease in the New Year. Dan Boulton of NorQuin in Saskatoon, Sask. said there is a world shortage of quinoa, which […] Read more

Canola not following soy’s strength

The ICE Futures canola platform closed mixed, failing to find strength from the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts all finished the day stronger. Reuters reported during the trading session that China made its first major United States soybean purchase in more than six months today. Chinese state-owned companies […] Read more

Canola drops, wheat mixed

The ICE Futures canola platform closed weaker, retreating from yesterday’s rally. Chicago Board of Trade (CBOT) soybean, oil and meal contracts all finished the day stronger. Soybeans found support from reports that China and the United States talked over the phone about trade. U.S. President Donald Trump also tweeted saying there had been “very productive […] Read more

Funds reduce short position in canola

Fund traders lowered their net short positions in ICE canola futures during the week ended Dec. 4, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators decreased their net short position in canola by […] Read more

USDA predicts larger world grain/oilseed stocks

Global soybean, corn and wheat ending stocks for the 2018/19 marketing year will all be larger than earlier expectations, according to the latest World Agriculture Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture (USDA). In a report released Dec. 11 the USDA raised its global soybean ending stocks forecast for […] Read more

Weak dollar supports canola

The ICE Futures canola platform finished the day stronger, supported by a weak Canadian dollar. Trading was choppy in the last few minutes before market close. The Canadian dollar fell below the 75 U.S. cents mark Monday, as tensions continue to rise over the arrest of Huawei Chief Financial Officer Meng Wanzhou last week. China […] Read more

Ample supplies keep canola weaker

ICE Futures canola contracts weaker in the most active months at Friday’s close, after trading to both sides of unchanged in choppy activity. Strength in the Canadian dollar accounted for some of the selling pressure in canola, according to participants. The currency was up by roughly half of a cent relative to its United States […] Read more