WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, as more rain has been forecast for the Prairies this weekend. The Prairies received 15 to 65 millimeters of rain over most of the region this week. While the precipitation was helpful to struggling crops, it wasn’t enough to end dry conditions. However, […] Read more
Daily news
Rain cuts canola weather premium, futures lower
Trade talks strengthen grains; canola up
WINNIPEG, – Intercontinental Exchange (ICE) Futures canola contracts were steady to stronger on Thursday, due to spillover from Chicago. However, forecasts of rain and a stronger Canadian dollar weighed on values. Gains were made on the Chicago Board of Trade as trade talks between the United States and China will resume in the near future. […] Read more
Canola, most crops weaker in futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Wednesday, due to the weather forecast and spillover from the Chicago Board of Trade. Showers and thundershowers have been forecast for most of the Prairies through to the weekend. Daytime highs are to be in the mid-teens to low 20’s Celsius. “A little […] Read more
Canola up; markets await weather effect
WINNIPEG, Intercontinental Exchange (ICE) Futures canola contracts were up slightly on Tuesday, after a volatile session with heavy activity. The weather forecast for the Prairies has called for rain over the next day to three days. If precipitation is sufficient enough, bids could be affected.Also, Prairie farmers re-seeded large amounts of their canola and have […] Read more
Canola futures up in heavy trade, but confusion rules
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Monday, in a heavy volume of trade. “Big volumes, big spread. The market doesn’t know which way to go,” commented a Winnipeg-based analyst. The lack of significant rainfall on the Prairies wasn’t enough to help crops. Meanwhile in the United States, there was a […] Read more
Canola futures mixed; wheat up
Winnipeg – The ICE Futures canola market was mixed on Thursday, with losses in the nearby July contract but gains in the more deferred positions as persistent Prairie dryness concerns and excessive moisture in the United States provided support. The latest weekly crop report from Saskatchewan, released Thursday morning, showed topsoil moisture in the province […] Read more
Soybeans, dryness support canola futures
Winnipeg – The ICE Futures canola market was stronger on Wednesday, taking some direction from Chicago Board of Trade soybeans. Soybeans were up sharply as wet weather across the Midwestern United States continued to stress crops and delay seeding. Meanwhile, a persistent lack of moisture in some key Canadian growing regions also remained supportive, according […] Read more
Weather concerns boost canola; corn rally spills over into wheat
Winnipeg, (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday as ongoing Prairie weather concerns provided support. A large portion of central and southern Saskatchewan continues to miss out on any significant shower activity, leading to uncertainty over the size of this year’s canola crop. However, the large old crop carryout and ongoing […] Read more
Canola futures mixed, wheat too
Winnipeg – The ICE Futures canola market was mixed on Monday, with strength in the nearby July contract and losses in the more deferred positions as the old/new crop spread narrowed in. Rain was spotty across Western Canada over the weekend. Manitoba and Alberta saw the most precipitation, while some of the drier areas of […] Read more
Canadian mustard market steady, but watching weather
Winnipeg – Mustard crops in Western Canada are waiting on rain, just like most everything else, but spot prices have not yet reacted to the weather concerns as end users are well covered with contracted supplies and are waiting to see how conditions develop over the growing season. “At this time of the year, every […] Read more
