Winnipeg, (MarketsFarm) – The ICE Futures canola market was stronger on Monday, as the market reacted to the early start to winter that hit parts of the Prairies over the weekend. The snow was heaviest in Alberta, but cold and wet conditions in all three Prairie provinces raised concerns over harvest delays and quality downgrades […] Read more
Daily news
Snow boosts canola futures
USDA estimates U.S. corn and soy stocks below expectations
CHICAGO, (Reuters) – U.S. soybean supplies were smaller than expected ahead of the 2019 harvest but still the highest on record, while corn stocks shrank by more than anticipated, according to U.S. Department of Agriculture (USDA) quarterly stocks data on Monday. The USDA estimated U.S. soybean supplies as of Sept. 1 at 913 million bushels, […] Read more
Chicken products recalled
Seven cooked and diced chicken products are subject to recall due to possible contamination with listeria bacteria. The Canadian Food Inspection Agency said Sept. 27 that the products were distributed at retail outlets across most of Canada, including the four western provinces, and are being voluntarily recalled by the food industry. No illnesses have been […] Read more
Canola futures stay in range, awaiting harvest news
WINNIPEG,(MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, following trends set earlier in the week. Challenging harvest conditions and delayed progress have yet to provide a boost to canola prices. One trader said the weather across Western Canada is almost the worst he has ever seen. However, with snow in the […] Read more
Cold weather could add weather premium for canola
WINNIPEG, MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Thursday, as market activity remained largely range-bound. Without any news to support a rally, one trader said speculative buying is sidelined. That, combined with slow-but-steady harvest progression, is weighing on values. About 17 per cent of Saskatchewan’s canola has been harvested, along with […] Read more
Barley price slide slowing as harvest drags
Winnipeg, (MarketsFarm) – The slide in Western Canadian feed grain prices over the past few months is showing signs of slowing down, as concerns over harvest delays supplant earlier concerns over large crops and quality downgrades. “The weather over the next week or so doesn’t look that great,” said Allen Pirness of Market Place Commodities […] Read more
Canola futures hold steady
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Wednesday, as market activity remained largely range-bound. Forecasts across the Prairies are turning unseasonably cold and rainy later this week, with instances of snow in some regions. That’s likely to inject a weather premium back into markets, as harvest continues to be delayed. […] Read more
Rainy weather strengthens canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly stronger on Tuesday, as delayed harvest activity provided support to the market. Cold, rainy weather, with the potential for snow in some areas of the Prairies, has significantly delayed harvest progress. Approximately one third of the canola crop is currently harvested. Soybeans on the […] Read more
Canola stays in range, but up slightly
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly stronger on Monday, thanks to spillover support from soybeans on the Chicago Board of Trade. However, canola values are expected to remain largely range-bound, with nothing signalling a big move in markets. On Monday, 18,876 contracts were traded, which compares with Friday when 16,987 […] Read more
Lower soy a drag on canola futures
WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Friday, due to downward pressure from the Chicago soy complex. The complex dropped as United States President Donald Trump said China must do more than buy more U.S. farm goods to get a trade deal. He also stated an interim trade deal is now […] Read more
