Weaker demand draws down canola

Winnipeg– The ICE Futures canola contacts finished the day weaker, pulled down by weak demand for the crop. Chicago Board of Trade soybean, oil and meal contracts were all down too. New customs data released from China this morning showed December soybean imports dropped 40.1 per cent from last year. However, soybean imports in November […] Read more

Softer beans and canola on lower trades

Remaining tucked tightly in its range-bound reality, canola futures retracted slightly today, keeping pace with soybeans, falling $3.60 on the ICE March contract, getting below $480 per tonne, to $479.70. Weak Prairie’s farmer-deliveries were in part to blame for lower canola prices. However some grain analysts are suggesting that the European Union might be starting […] Read more

Canadian canola demand falling behind year-ago

Winnipeg – Canadian canola exports and domestic usage are both falling behind the year ago pace, according to the latest Canadian Grain Commission data. Canada exported only 63,700 tonnes of canola during the week ended Jan. 6, according to the report. That compares with the average weekly movement during the crop-year-to-date of about 200,000 tonnes. […] Read more

Prairie wheat bids dragged down by rallying loonie

Winnipeg – Wheat bids in Western Canada were mostly weaker for the week ended Jan. 11, as a stronger Canadian dollar weighed on prices. Average Canada Western Red Spring (13.5 per cent CWRS) wheat prices were down, falling by C$3 to C$4 per tonne, according to price quotes from a cross-section of delivery points compiled […] Read more

Short-covering boosts canola prior to weekend

Winnipeg, Jan. 11 (CNS Canada) – ICE Futures canola contracts were stronger on Friday, seeing a modest short-covering correction ahead of the weekend. Gains in Chicago Board of Trade soybeans and soyoil contributed to the firmer tone in canola, while a slightly weaker tone in the Canadian dollar was also supportive. However, a lack of […] Read more

Canola down sharply with soybeans

Winnipeg, Jan. 10 (CNS Canada) – ICE Futures canola contracts were down sharply on Thursday, finishing right above major support as losses in the Chicago Board of Trade soy complex spilled over to weigh on values. The most active March contract settled right above the psychological C$480 per tonne mark, as bearish technical signals and […] Read more

Canola down slightly, wheat mixed

The ICE Futures canola contacts closed slightly weaker Wednesday, as contracts continued to lag on the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all stronger. The soy complex found support from positive news out of the China and United States trade talks. The talks wrapped up today after three […] Read more

Canola mixed on effects of several issues

Winnipeg – ICE Futures canola contracts settled mixed on Tuesday, with gains in the most active contracts as early selling pressure subsided by the close. Losses in the Chicago Board of Trade soy complex accounted some spillover selling pressure throughout the day in canola, with the Canadian dollar holding steady after its recent rally. A […] Read more

Canola makes gains, despite CDN dollar

Canola remains under pressure, despite support from a slightly more optimistic soybean market in the United States. On Chicago beans were up 2.75 cents, getting to more than US$9.24 per bushel. Canola for January was up C$3 per tonne, to $481.40 on ICE as the day wound to a trading close. A Canadian dollar that […] Read more

Canola down on an up-markets day

The Canadian dollar continued higher today, further softening canola trades, with that crop being down between $3.70 and $3.30 per tonne on the day. It finished for January at $478.40 today on ICE. Elevator prices for cash canola ranged from $458 to $462. Wheat fared better, up slightly for hard red spring, finding prices of […] Read more