Winnipeg – Western Canadian wheat bids were mixed during the week ended Feb. 14, with a steady tone in Canada Western Red Spring (CWRS) bids and losses in Canada Prairie Spring Red (CPSR) wheat as U.S. futures moved in opposite directions and the Canadian dollar weakened slightly. Average Canadian Western Red Spring (13.5 percent CWRS) […] Read more
Daily news
Wheat bids mixed in Western Canada
Speculative selling drops canola; wheat fairly steady
Winnipeg – ICE Futures canola contracts were weaker on Friday, finishing right above major chart support as speculators added to their net short positions. The nearby March contract settled at C$475.80, which was right above major support around C$475.00 per tonne. Large supplies and a lack of significant buying interest contributed to the declines, with […] Read more
Oils down, along with wheat
Winnipeg – ICE Futures canola contracts were weaker on Thursday, as losses in Chicago Board of Trade soybeans spilled over to weigh on values. Poor export demand and bearish technical signals contributed to the declines in canola, with the nearby March contract settling below the psychological C$480 per tonne level. A weaker tone in the […] Read more
Canola mixed; but wheat improves
Winnipeg – ICE Futures canola contracts were narrowly mixed on Wednesday, with losses in the front months and gains in the new crop contracts. Adjustments to the intermonth spreads were a feature of the activity. The July/November spread moved from an inverse to a carry position. Large old crop supplies and a lack of significant […] Read more
Brazil’s next soy crop survey likely to show further decline – official
BRASILIA (Reuters) – Brazil’s next survey of the 2018/19 soy crop is likely to show a further decline in estimated output resulting from dry weather in January, Eduardo Sampaio, farm policy secretary at the Agriculture Ministry, said on Tuesday. The current survey showed a drop of roughly 3.5 million tonnes in output, from a previous […] Read more
Canola stronger; wheat mixed
Winnipeg – ICE Futures canola contracts were stronger on Tuesday, taking some direction from gains in Chicago Board of Trade soybeans and soyoil. After dropping sharply on Monday, canola was looking overdone to the downside and due for a corrective bounce, according to participants. Signs of improving export demand were also supportive. However, exports continue […] Read more
Pulses steady ahead of road bans, spring seeding
WINNIPEG – For pulses so far mid-winter there hasn’t been a great deal of movement price-wise, although there are two factors on the horizon that could generate some changes. Those factors being road restrictions and spring seeding, said Dale McManus of Johnston Grains in Welwyn, Sask. Large green lentils are around 22 cents per pound […] Read more
Canola, soy fall in tandem
Winnipeg (CNS Canada) – ICE Futures canola contracts were weaker on Monday, as losses in Chicago soyoil and other world vegetable oil markets weighed on prices. Chart-based speculative selling contributed to the declines, as prices fell to their lowest levels in three weeks. Large commercial supplies and concerns over Chinese demand also weighed on values, […] Read more
Weekly Manitoba Cattle Report: Bad weather strikes again
WINNIPEG – Bad weather continued to adversely affect some of Manitoba’s cattle auctions during the early part of the week ended Feb. 8. Strong winds whipped up snow and drove down temperatures, with wind chills sinking into the minus 40 Celsius range. “I’m just looking forward to spring,” quipped Allan Munroe of the Killarney Auction […] Read more
Canola and wheat finish mixed
(CNS Canada) – ICE Futures canola contracts were mixed at Friday’s close, with losses in the front months and gains in the new crop contracts. Bearish technical signals weighed on prices early in the day. Large old crop supplies, concerns over declining Chinese demand and strength in the Canadian dollar also put some pressure on […] Read more
