Winnipeg, (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday as ongoing Prairie weather concerns provided support. A large portion of central and southern Saskatchewan continues to miss out on any significant shower activity, leading to uncertainty over the size of this year’s canola crop. However, the large old crop carryout and ongoing […] Read more
Daily news
Weather concerns boost canola; corn rally spills over into wheat
Canola futures mixed, wheat too
Winnipeg – The ICE Futures canola market was mixed on Monday, with strength in the nearby July contract and losses in the more deferred positions as the old/new crop spread narrowed in. Rain was spotty across Western Canada over the weekend. Manitoba and Alberta saw the most precipitation, while some of the drier areas of […] Read more
Canadian mustard market steady, but watching weather
Winnipeg – Mustard crops in Western Canada are waiting on rain, just like most everything else, but spot prices have not yet reacted to the weather concerns as end users are well covered with contracted supplies and are waiting to see how conditions develop over the growing season. “At this time of the year, every […] Read more
Canola weaker despite weather premium; wheat mixed
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Friday, due to what a Winnipeg-based trader deemed to be “regular activity” along with lower soybean prices on the Chicago Board of Trade. The dry conditions across most of Western Canada have meant canola is getting a weather premium. Rain was forecast this weekend […] Read more
Barley bids rise on weather woes and tight old crop supplies
Winnipeg – Tight old crop supplies and mounting weather concerns over new crop production are keeping feed grain prices well supported in Western Canada as end users work to ration supplies. “We’ve seen a very real weather market emerge in the last few weeks,” said Brandon Motz, of CorNine Commodities in Lacombe, Alta., pointing to […] Read more
Weather continues to hold up canola
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Thursday, after showing some independent strength and with spillover from soyoil on the Chicago Board of Trade. The July canola contract rose by C$4.50 at C$454.70 per tonne. The November contract gained C$4.20 at C$467.10 per tonne. While Alberta has been getting rain today, […] Read more
Canola weaker on U.S. planting issues
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Wednesday, due to planting progress in the United States, according to a Winnipeg-based analyst. The July canola contract fell C$2.90 at C$450.20 per tonne. The November contract dropped C$3.40 at C$462.90 per tonne. With a window of a few rain-free days, U.S. farmers were […] Read more
Canola drops again; markets await forecast of rain
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Tuesday, in a light volume of trading. The July canola contract was down C$2.20 at C$453.10 per tonne. The November contract was down C$2.30 at C$466.30 per tonne. The Canada/China dispute and large supplies have continued to weigh on canola values, as did a […] Read more
On Tiananmen anniversary, Canada says it has real concerns over China’s human rights
OTTAWA, June 4 (Reuters) – Canadian Prime Minister Justin Trudeau marked the 30th anniversary of the Tiananmen Square crackdown in Beijing on Tuesday by expressing what he called “real concern” about China’s human rights record. Diplomatic relations between the two countries have badly deteriorated since December when police in Vancouver detained Huawei Technologies Co Ltd […] Read more
Canola futures drop; large stocks, China dispute
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, as the Canadian dollar gained strength, while soyoil and soymeal lost ground on the Chicago Board of Trade. The July canola contract fell C$4.20 at C$455.30 per tonne. The November contract dropped C$4.80 at C$468.60 per tonne. The Canada/China dispute and large canola […] Read more
