CBOT soybean market recovers after wild week

WINNIPEG (CNS Canada) – After a wild week where the Chicago Board of Trade (CBOT) soybean market plunged following China announcing tariffs on imports of United States soybeans, it has recovered. On April 5, China announced a 25 per cent tariff on U.S. soybean imports in retaliation of previously announced tariffs by the U.S. on […] Read more

Canola sinks with vegetable oil

Winnipeg (CNS Canada) – The ICE Futures Canada canola market drifted lower on Wednesday, dragged down by losses in vegetable oil and some technical selling. Recent strength in the Canadian dollar also weighed on values as it made canola less enticing to international buyers. The dominant July contract fell below the C$530 per tonne mark. […] Read more

Canola chart points to bearish reversal

Winnipeg (CNS Canada) – After hitting a contract high on Monday, April 9, the ICE Futures Canada July canola contract subsequently turned decidedly lower to form a key reversal pattern from a chart perspective. July canola hit a high of C$539.50 per tonne on April 9, but settled right around where it started–near the lows […] Read more

Canola softens with currency issues

WINNIPEG (CNS) – The ICE Futures Canada canola market finished lower on the day, weighed down by strength in the Canadian dollar. Thoughts the market was overbought also dragged down prices. In its latest supply and demand report that was released today, the USDA forecast a record soybean crop in Brazil of 115 million tonnes. […] Read more

Canola suffers small losses in choppy day

Winnipeg (CNS Canada) – The ICE Futures Canada canola complex chopped around in a tight range for much of the day, before settling with small losses. The market initially rose with speculative trading before profit-taking came in shortly before the close. Gains in the U.S. soy complex were largely offset by strength in the Canadian […] Read more

Canola futures move higher

Winnipeg (CNS Canada) – Canola futures moved steadily higher over the course of the week ended April 6, with new crop November hitting fresh contract highs and the front months reaching their best levels in more than four months. The gains in canola came despite, or possible because of, a choppy week in the Chicago […] Read more

Prairie wheat bids follow U.S. futures higher

Winnipeg (CNS Canada) – Wheat bids in Western Canada rose for the week ended April 6, following the lead of United States futures. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices rose by C$13 to C$16 per tonne across the Prairie provinces, according to price quotes from a cross-section of delivery points compiled […] Read more

Canola rises as temps drop

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Friday, boosted by Prairie weather concerns and speculative buying. Lingering winter conditions across much of Western Canada have some analysts reconsidering acreage projections for the spring, with a later seeding start possibly shifting some intended canola acres into other crops, according to participants. […] Read more

Chinese trade dispute with U.S. could open window for CDN peas

WINNIPEG (CNS) – As trade tariffs between China and the U.S. mount, so too does the potential for other countries to swoop in and plug the gap in whatever market may need filling. While soybeans are one of the few agricultural items that have been included in the tit-for-tat trade battle by the Chinese, it […] Read more

Chinese tariffs raise tough questions for pork industry

WINNIPEG, April 6 (CNS) – Representatives from the two largest pork exporting states in the United States were in Winnipeg April 5 to take in the Manitoba Pork Council’s general meeting. The delegates, who hailed from Iowa and Minnesota, talked about the various challenges facing their industry. In 2017, over a quarter of the U.S. […] Read more