Markets
Winnipeg – ICE Futures canola contracts continued their downward slide on Wednesday, hitting fresh contract lows for the second-straight session. Speculators were noted sellers as bearish technical signals kept the bias pointed lower. Strength in the Canadian dollar, a lack of significant end user demand and steady farmer selling also weighed on values. However, a […] Read more
Markets
Canola keeps dropping, soy up slightly
Oversold market still fundamentally bearish
Winnipeg – ICE canola futures are starting to look oversold after falling contract lows during the week ended Feb. 20. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. He said signs that exports were perking […] Read more
Canola drops along with grain markets
Grain markets were lower today, with canola finishing $2.40 per tonne down on the March ICE contract, closing at $473.40. The rest of the 2019 canola contracts were off between $2 and $2.80 with January 2020 down 70 cents, hanging in a $498.30. It was canola chasing soy down, as the markets looked for positive […] Read more
Speculative selling drops canola; wheat fairly steady
Winnipeg – ICE Futures canola contracts were weaker on Friday, finishing right above major chart support as speculators added to their net short positions. The nearby March contract settled at C$475.80, which was right above major support around C$475.00 per tonne. Large supplies and a lack of significant buying interest contributed to the declines, with […] Read more
Canada, U.S. challenge India’s pulse supports at WTO
The United States and Canada are challenging India’s market price support for five pulses at the World Trade Organization. The two countries submitted a counter notification to the WTO’s Committee on Agriculture stating that India’s price support for a variety of pulses is excessive. The U.S. submitted the notification, which was co-sponsored by Canada. “Based […] Read more
Oils down, along with wheat
Winnipeg – ICE Futures canola contracts were weaker on Thursday, as losses in Chicago Board of Trade soybeans spilled over to weigh on values. Poor export demand and bearish technical signals contributed to the declines in canola, with the nearby March contract settling below the psychological C$480 per tonne level. A weaker tone in the […] Read more
Europe emerges as big canola market
The European Union could be a sizable market again in 2019-20 for certified Canadian canola, says a grain trader. The EU will likely buy 800,000 tonnes of Canadian canola in 2018-19, up from its previous five-year average of about 600,000 tonnes, said Chad Molesky, merchandising manager for Viterra’s oilseeds division. Canada’s extra business this year […] Read more
Pork officials see sunnier skies ahead for industry
The hog sector has high hopes for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
It isn’t the best of times in world pork markets, and the world hog industry is grappling with disease and troubled global economics. But Canada’s hog industry is looking past present challenges and sees a glowing future. “We’re a major player in the world of export,” said Canadian Pork Council chair Rick Bergmann in an […] Read more
India expected to return to pulse market soon
Analyst says the country will soon need to buy more pulses because its farmers planted a smaller crop this year
Pulse analyst Marlene Boersch predicts Canadian exports to India will pick up later this year. She told a regional pulse workshop in Regina that India is fundamentally food insecure and is coming off a wet season that was short of moisture. Evidence for her optimism includes smaller planted pulse acres and low stocks. By law, […] Read more
Spectre of African swine fever haunts Canadian industry
Canadian hog farmers and Canada’s pork industry are world export champions, selling most of what they produce to foreign buyers. That’s something to be proud about. Canadian farmers are selling top-quality product to picky foreign buyers who have the choice to buy pork from anywhere, but often find Canada’s to be the best combination of […] Read more
