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

Canola, wheat finished mixed

ICE Futures canola contracts were mixed on Wednesday, with losses in the front months and a firmer tone in the more deferred positions. Bearish technical signals and speculators adding to short positions accounted for much of the weakness in the most active nearby contracts, with prices hitting fresh contract lows for the third straight session. […] Read more

Russia has 4-5 million tonnes of old-crop wheat to export – trader

SINGAPORE, (Reuters) – Russia, the world’s biggest wheat exporter, still has a surplus of 4 million to 5 million tonnes of old-crop of the grain for exports, a leading exporter of Black Sea grain cargoes said on Wednesday. The market has been expecting the Black Sea Region suppliers, mainly Russia and Ukraine, to run out […] Read more

Canola continues to drop

Winnipeg – ICE Futures canola contracts were weaker on Tuesday, continuing their downward slide to fresh lows. Losses in the Chicago Board of Trade soy complex, large Canadian canola supplies and bearish technical signals all weighed on values, according to participants. Speculators were noted sellers, adding to their growing net short positions as the trend lines […] Read more

Court hears appeal of Input Capital case

The Saskatchewan Court of Appeal heard evidence Feb. 25 in Input Capital’s appeal of a lower court finding that the company’s canola streaming contracts are “unconscionable.” The case been reserved. The Regina-based company appealed after Queen’s Bench justice Jeff Kalmakoff delivered a written decision last May saying the agreements between Input and Macoun, Sask., farmer […] Read more