ICE Futures canola contracts were weaker on Tuesday, as a downturn in the Chicago Board of Trade soy complex spilled over to weigh on prices. Chart-based selling contributed to the declines in canola, with the November contract moving back below the psychological C$500 per tonne mark. However, cool and wet harvest-delaying weather across the Prairies […] Read more
Daily news
Soy drop affects canola; wheat rises
Weekly Manitoba cattle report
Winnipeg – The fall cattle run is off to a slow start in Manitoba this year, as improving pasture conditions kept some cattle away from the markets a little longer than normal. Prices for what was moving during the week ended Oct. 5 were steady at most markets, although seasonal pressure should pick up in […] Read more
Canadian spring wheat prices up with U.S. futures
Winnipeg – Hard red spring wheat bids in Western Canada posted solid gains during the week ended Oct. 5, as gains in the United States futures and concerns over harvest delays in parts of the Prairies provided support. Production issues in Australia and reports that Russia may be curtailing wheat exports were also supportive for […] Read more
Canola speculators cover shorts: Commitment of Traders
Winnipeg – Large speculators covered short positions in the ICE Futures canola market during the week ended Oct. 2, cutting their net short position roughly in half, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators reduced their net […] Read more
Feeder associations hire new executive director
Janice Tranberg is the new president and chief executive officer of the Alberta Cattle Feeders Association and National Cattle Feeders Association as of Nov 1. She is replacing Bryan Walton, who retires in early 2019. Tranberg has been executive director of the Saskatchewan Canola Development Commission, an assistant deputy minister for the Saskatchewan ministry of […] Read more
Canola follows soy upwards
WINNIPEG – The ICE Futures canola platform closed mostly stronger, taking support from rising soyoil prices. Chicago Board of Trade soybeans and meal contracts were lower, while soyoil contracts were higher. The Canadian dollar was weaker which was supportive for the canola market. However canola is currently considered overpriced compared to soybeans, which has been […] Read more
Rising yield expectations limit upside for corn and soybeans
Winnipeg – Soybean and corn futures at the Chicago Board of Trade may be finding some short-term support from harvest delays across the Midwest, but expectations for large crops overall should limit the upside for prices going forward, according to an analyst. “The highs could be in right now,” said Rich Feltes, of R.J. O’Brien […] Read more
Canola, soy rebound
WINNIPEG – The ICE Futures canola platform finished the day stronger, taking back all of us yesterday’s losses. Chicago Board of Trade soybeans and oil contracts were stronger. Meal contracts jumped around in value during the day, but finished the trading session higher. Slow harvest progress is supported the canola market. More snow fell in parts of […] Read more
Falling U.S. futures pull Prairie wheat bids down
Winnipeg – Wheat bids in Western Canada were weaker for the week ended Sep. 28, taking direction from the United States futures markets which finished the week lower as well. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were down by C$5 to C$11 per tonne, according to price quotes from a cross-section […] Read more
Canada, U.S. reach deal to update NAFTA
OTTAWA/WASHINGTON, Sept 30 (Reuters) – The United States and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost U.S. access to Canada’s dairy market and protect Canada from possible U.S. autos tariffs, two Canadian sources with direct knowledge of the talks […] Read more
