WINNIPEG – Intercontinental Exchange Futures canola contracts were down slightly on Wednesday, after being up for most of the session. Bids fell in the final 30 minutes of trading, which ended a rally that began yesterday. At one point on Wednesday, the July contract reached a high of C$444.90 per tonne, but ended the day […] Read more
Daily news
Record canola stocks affects futures
Canola drops for seventh day after Trump’s tariff tweet
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, for a seventh consecutive session of losses. ICE and the Chicago Board of Trade dropped today following a tweet by U.S. President Donald Trump, in that he would hike tariffs on imports from China. Trump accused China of dragging out trade negotiations and […] Read more
Louis Dreyfus in talks to sell equity stakes
(Reuters) — European agricultural commodities house Louis Dreyfus Company is in talks with investors about selling equity stakes in the company, potentially opening up the family controlled business to outside capital for the first time in its 168-year history, Bloomberg reported today. Louis Dreyfus is seeking partners to buy equity and help it expand in […] Read more
Canola hits new lows due to trade disputes
Winnipeg – ICE Futures canola contracts fell to fresh contract lows for the fourth-straight session on Thursday as the market continued to lack any supportive news. Bearish technical signals, Canada’s ongoing trade dispute with China, losses in Chicago Board of Trade soybeans, and a lack of end user demand all weighed on values. While expectations […] Read more
Canola futures drop again; wheat rebounds
Winnipeg – ICE Futures canola contracts continued their downward slide of the past week on Wednesday, as speculators remained on the sell side adding to their large short positions. In addition to the bearish chart signals, losses in Chicago Board of Trade soyoil, large old crop supplies, and the ongoing trade tensions between Canada and […] Read more
Destructive pest spreads in China, threatens corn crops
BEIJING, April 30 (Reuters) – A pest that ravages corn crops is spreading in southern China, posing a growing threat to the world’s No. 2 producer of the grain, said an expert based in the country. Native to the Americas, the fall armyworm has spread east in recent years, causing as much as $3 billion […] Read more
Canola bids slide further; wheat down on large supplies
WINNIPEG – ICE Futures canola contracts were weaker on Monday, with the spread weighing on values especially for the front months. The May contract lost C$1.40 at C$438.10 per tonne and the July contract fell C$1.30 at C$444.90 per tonne. China’s ban on canola imports from Canada and farmers in the United States switching from […] Read more
Large spec short position overhanging canola market
Winnipeg – Speculators added to their large net short position in ICE Futures canola during the week ended April 23, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators had a net short position of 58,004 contracts on April […] Read more
Canola still dropping; wheat weaker
WINNIPEG – ICE Futures canola contracts were weaker on Friday, with the spread weighing on values. A Winnipeg-based trader commented rolling out of May into July was a major feature. Also weighing on values were: China’s ban on canola imports from Canada, a huge South American soybean crop, and farmers in the United States switching […] Read more
Yara, IBM to offer digital services to farmers
OSLO, April 26 (Reuters) – Fertilizer maker Yara International and IBM plan to launch digital farming services later this year to help boost crop yields, eventually targeting 100 million hectares, or close to 7 percent of arable land worldwide, they said. Norway-based Yara is among the world’s largest fertiliser makers, reporting revenues of $12.9 billion […] Read more
