Markets
Winnipeg – ICE Futures canola contracts were weaker on Tuesday, although activity was thin and choppy with spreading the feature. Losses in Chicago Board of Trade soy complex and a steady tone in the Canadian dollar accounted for some of the selling pressure, as crush margins deteriorated on the day. Ongoing trade tensions with China […] Read more
Markets
Slow trade weakens canola futures
Small losses for canola futures; wheat steady
Winnipeg – ICE Futures canola contracts settled with small losses in the most active months on Monday, after posting gains for most of the session. Canola held within a narrow range, lacking any clear direction as participants await some fresh market moving data, according to a trader. Gains in Chicago Board of Trade soybeans and […] Read more
Prairie CWRS bids firm while other classes edge lower
Winnipeg – Western Canadian wheat bids were mixed during the week ended April 12, reacting to activity in United States futures and a firmer Canadian dollar, with gains in hard red spring wheat and losses in Prairie spring wheat. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were up by C$1 to C$5 […] Read more
Little movement on canola; wheat stronger
WINNIPEG – ICE Futures canola contracts traded either side steady on Thursday, as there was little to move prices either way. A big feature on Thursday was traders rolling out of their May contracts in large numbers. Weighing on values were the ongoing Canada/China dispute and a very large South American soybean harvest this crop […] Read more
India remains top lentil customer
High domestic prices in the Asian country mean foreign purchases can make sense even with 33 percent duties
Who was the top importer of Canadian lentils through the first half of the 2018-19 marketing campaign? Was it the United Arab Emirates? Nope. How about Egypt? Wrong again. It was India. You know, the country that has a 33 percent import duty on Canadian lentils. Despite that duty, India purchased 195,000 tonnes of lentils […] Read more
African swine fever to upend markets
China is expected to import far fewer soybeans in the future as the pork sector declines and purchase much more meat
African swine fever will “shake up the basket” of global agricultural trade for years to come, says an industry analyst. Arlan Suderman, chief commodities analyst with INTL FCStone, said his contacts in China tell him hog feeding is down 40 percent. The contacts include INTL FCStone staff on the ground as well as Chinese feed […] Read more
Timing is tough when marketing around a trade dispute
A farmer who gets the timing right on the end of the China-Canada canola dispute could make a lot of money. After all, any resolution of the lingering and worsening crisis could see canola prices pop dozens of dollars per tonne, rising a couple of bucks a bushel. When China began shutting off its market […] Read more
Biodiesel sector offers to take more canola
The renewable fuel industry says a stronger domestic market would ease challenges caused by export volatility
China’s canola export ban helps make the case for expanding consumption of domestically produced biodiesel and there are plenty of opportunities to do so, says an advocate of the alternative fuel. “The current situation underlines, unfortunately in a rather acute way, the benefits of a domestic biofuel industry that isn’t at risk from trade action,” […] Read moreStrong feeding sector helps push down barley stocks
Canadian barley carryout is forecast to be the lowest in six decades. Agriculture Canada estimates 900,000 tonnes of carryout. Index Mundi has charted ending stocks going back to 1960 and they have never been lower. Neil Townsend, senior market analyst with FarmLink Marketing Solutions, said the low stocks are the result of a combination of […] Read more
Prairie producers need wider range of profitable crops
Our trade troubles with China and India highlight the need not only to diversify markets but to also diversify the prairie portfolio of profitable crops. Canola is celebrated as the bill payer in Western Canada, the one major crop that usually generates a healthy profit while others are grown only as a necessary part of […] Read more
