Hot weather, Chinese interest pushes canola higher

Winnipeg – Canola contracts on the ICE Futures Canada platform posted modest gains to start the week, following advances in U.S. soybeans. Hot weather across Western Canada continues to stress dry regions in Saskatchewan and Alberta. Technical buying was a feature of the day. There are ideas China is more interested in canola than normal, […] Read more

U.S. spring wheat, durum expected to surge

(CNS Canada) — Data released today from the United States National Agricultural Statistics Service showed large increases in spring wheat and durum production this year. Spring wheat production in the country, not including durum, is forecast at 614 million bushels, up 48 percent from 2017. Of that, 584 million bu., or 95 percent of production, […] Read more

Canola weakens at day’s end

Winnipeg (CNS Canada) – ICE Futures canola contracts were weaker on Thursday, as bearish chart signals and ideas that the commodity remains expensive compared to other oilseeds weighed on prices. Relatively favourable Prairie crop conditions added to the softer tone, despite lingering concerns over excessive dryness in some areas excessive moisture in others. Updated supply/demand […] Read more

Soybeans futures weakest in 10 years

Winnipeg – ICE Futures canola contracts were down sharply on Wednesday, as heightened world trade tensions had speculators firmly on the sell side of the market. The ongoing trade war between the United States and China saw the U.S. announce it was considering placing 10 per cent tariffs on an additional US$200 billion worth of […] Read more

ICE canola weekly: more downside likely

Winnipeg – ICE canola futures fell sharply lower during the week ended July 11, but could still have more room to the downside as the oilseed remains overpriced compared to the slumping United States soybean market. Mounting trade tensions between the U.S. and China led to a selloff in Chicago Board of Trade soybeans during […] Read more

Interest rate hike shows central bank’s confidence in economy

July 11 — The Bank of Canada has raised its benchmark interest rate to 1.5 percent, marking the fourth time it has raised rates since last summer. The increase from 1.25 percent is the base rate retail banks pay for short-term loans, but consumer rates for mortgages, lines of credit and other loans usually follow. […] Read more

Speculation pushes canola to five-month low

Winnipeg – ICE Futures canola contracts were weaker on Tuesday, with the November contract settling at its lowest level in five months as some stops were hit and speculators added to their growing net short positions. Ideas that canola was looking expensive compared to other oilseeds contributed to the selling pressure, as the losses in […] Read more

Selloff drives grain futures lower

Winnipeg – ICE Futures canola contracts were lower on Monday, taking back much of Friday’s gains as a selloff in Chicago Board of Trade soybeans weighed on prices. Speculators were noted sellers, booking profits to start the week as global trade concerns were overhanging the agricultural markets. However, canola lagged soybeans to the downside. Hot […] Read more

KAP president steps down

The president of Keystone Agricultural Producers has stepped down to seek a federal Conservative nomination. Dan Mazier, a grains and oilseeds farmer near Justice, Man., resigned July 6 and is now aiming to replace Robert Sopuck in Dauphin-Swan River-Neepawa. Sopuck represented the riding since a 2010 byelection and announced in May that he would not […] Read more

Feeders too slow to set price; U.S. futures trying to rally

Cash cattle markets on both sides of the border and futures in the United States are reporting sluggish volumes but steady prices. Rick Wright of Heartland Order Buying said few feeders are entering sales rings and most of what is being sold on cash markets are cull cows and bulls. “With our holiday on Sunday, […] Read more