WINNIPEG – ICE Futures canola contracts were down for the most of trading on Wednesday, but rallied off of earlier lows to end the day at steady. Increases in soybean prices and bargain hunting in canola provided support. Continuing issues between Canada and China has led to a large carryover for 2018 and poor export […] Read more
Daily news
Canola finishes steady; wheat drops
Canola and wheat finish stronger
WINNIPEG – ICE Futures canola contracts were stronger on Tuesday, as the market corrected itself following recent losses. Bargain hunting and increases in soybean prices also provided support. However, Canada’s ongoing difficulties with China, large old crop supplies and expectations for another big crop in 2019 tempered Tuesday’s gains. The Canadian dollar rose to 74.81 […] Read more
Canola and wheat finish weaker
Winnipeg – ICE Futures canola contracts were weaker on Monday, although activity was thin and choppy. Bearish technical signals, losses in Chicago Board of Trade soybeans, and concerns over declining Chinese demand all added to the softer tone in the market, according to participants. Large old crop supplies and expectations for another big crop in […] Read more
Fund short position rises in canola
Winnipeg – Fund traders added to their net short position in ICE Futures canola contracts during the week ended March 5, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). After being delayed by the United States government shutdown, the CFTC was finally up-to-date with […] Read more
Canola stronger; wheat finishes mixed
Winnipeg – ICE Futures canola contracts were stronger on Friday, as speculative short-covering and end user bargain-hunting provided some support in light trade ahead of the weekend. After dropping sharply earlier in the week, canola was looking cheap and due for a correction, according to participants. However, the bearish underlying fundamentals tempered the upside. Political […] Read more
Canola finishes up slightly
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were stronger at Thursday’s close, as speculative short-covering came forward following earlier losses. Canola dropped to fresh contract lows in early activity, but managed to turn higher amid ideas the market was starting to look oversold. Solid crush margins, gains in Chicago Board of Trade soybeans and recent […] Read more
ICE Canola Weekly: China worries keep market trending down
Winnipeg – Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended March 6, hitting their lowest levels in two-and-a-half years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have […] Read more
CBOT Weekly: Fresh U.S./China trade news will move markets
WINNIPEG – Fresh news out of United States/China trade talks will move the soybean and corn markets in the near future, rather than the next World Agriculture Supply and Demand Estimates (WASDE), said an analyst following the Chicago Board of Trade. However, a lack of fresh news regarding those trade talks has become a problem […] Read more
Viterra Buys North Dakota grain facility
Viterra has acquired full ownership of General Mills’ grain facility at Northgate, N.D. It previously held a 50 percent stake through a joint venture agreement with General Mills. The purchase will continue to expand Viterra’s presence in the United States. Its assets in North Dakota also include special crops facilities in Ray and Minot and […] Read more
Canola hits lows for 4th straight day
Winnipeg – ICE Futures canola contracts were weaker on Thursday, hitting fresh contract lows for the fourth straight day this week as bearish technical signals kept speculators on the sell side once again. Large supplies of unpriced canola sitting in farmers’ bins across the Prairies likely added to the softer tone, as end users are […] Read more
