Canola gains with soybeans

Winnipeg – ICE Futures canola contracts settled with small gains on Friday, as a late bounce in Chicago Board of Trade soybeans provided some support. Soybeans had been down by as much as 15 cents per bushel for much of the session, but recovered in the final minutes of trade to settle with only small […] Read more

Germany eases environmental restrictions, ponders drought aid

The German government said it will ease off on environmental rules to help farmers cope with rising feed prices caused by this summer’s drought. The Reuters news agency reports German agriculture minister Julia Kloeckner also said the government is considering an aid package but wants to wait to hear crop production numbers before deciding. Kloeckner […] Read more

Prairie durum: ‘You can’t buy a break’

With the durum wheat harvest rapidly approaching in Western Canada, many analysts are wondering how the dry conditions and extreme heat will affect yields. Yet there is one aspect about this year’s crop they already know. Increased seeded acreage this spring and market access problems hindering longer-term durum sales, mean farmers might want to temper […] Read more

Canola falls amid harvest, water worries

Winnipeg – ICE Futures canola contracts were weaker on Wednesday, taking back all of Tuesday’s gains as losses in the Chicago soy complex weighed on values. The looming harvest and a lack of fresh weather worries in Western Canada added to the softer tone in canola, according to participants. However, persistent concerns over heat and […] Read more

Corn and soybean futures run into strengthening U.S. currency

WINNIPEG – The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities like soybeans and corn. As the Turkish lira drops in value many investors have begun to put their money into the United States currency. It’s a common move when markets are troubled as the […] Read more

Soybeans’ strength firms up canola

Winnipeg – ICE Futures canola contracts were stronger on Tuesday, as gains in Chicago Board of Trade soybeans encouraged some spillover speculative buying interest. Argentina announced it was suspending a program of cutting export taxes on soybeans and soy products, which was bullish for North American oilseed prices, according to a trader. The recent heat […] Read more

Canadian Exotic Grains customers compensated for grain

WINNIPEG – Some Canadian producers who did not receive payment from Eston, Sask. based Canadian Exotic Grains Ltd. have been compensated through the Canadian Grain Commission’s (CGC) Safeguards for Grain Farmers Program, according to a release from the CGC on Aug. 14. Canadian Exotic Grain’s grain dealer license was revoked on April 26 after the […] Read more

CWRS bids rise, but run into resistance

Winnipeg – Hard red spring wheat bids in Western Canada edged higher during the week ended Aug. 10, although the United States futures backed away from their nearby highs and the North American wheat market showed signs of running into resistance. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were up by C$1 […] Read more

Canola sees small gains Monday

Winnipeg – ICE Futures canola contracts settled with small gains on Monday after posting losses in the most active months for most of the session. Gains in Chicago Board of Trade soybeans and soyoil provided some underlying support for canola, while a softer tone in the Canadian dollar also underpinned the futures. Recent extreme heat […] Read more

Big crop estimates overwhelm weather woe reports

Markets fell hard after the WASDE puts record corn and large bean crops into the minds of traders. Despite lower yielding wheat and canola and rapeseed crops, the markets cut those along with the American favourites. Canola fell hard for a few hours after the U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates […] Read more