Markets
Winnipeg – ICE Futures canola contracts were weaker on Tuesday, taking back most of Monday’s gains as confirmation of large supplies weighed on values. Statistics Canada reported record high canola stocks in the country as of Dec. 31, at 14.5 million tonnes. The burdensome stocks were generally in line with market expectations given the slow […] Read more
Markets
Large supplies weaken canola contracts
Canola holds stronger with soy support
Winnipeg – ICE Futures canola contracts were stronger on Monday, as gains in Chicago Board of Trade soyoil provided some support. Weakness in the Canadian dollar, solid demand from domestic crushers and supportive chart signals also underpinned the futures. However, ample supplies in the commercial pipeline kept a lid on the upside, according to participants. […] Read more
Canola ends week on uptick
Winnipeg — ICE Futures canola contracts settled with small gains on Friday, as end-of-the-week positioning helped the market move higher for the first time in five days. Optimism over improving trade relations between the United States and China gave the soybean market in Chicago a boost on Friday, with some of that buying interest spilling […] Read more
Oils, wheat weaker, awaiting trade news
Winnipeg – ICE Futures canola contracts were weaker on Thursday, after trading to both sides of unchanged in choppy activity. Canola posted gains in early activity, but that early speculative buying interest ran into chart resistance when the March contract touched the 50-day moving average, according to a trader. Continued strength in the Canadian dollar, […] Read more
Rumours signal wheat sale action
If true, reports of major purchases of U.S. wheat by Egypt and China could help reduce stocks and boost prices
Wheat markets received a shot in the arm last week with reports that two big international customers would be purchasing large volumes of U.S. wheat. S&P Global Platts, a British commodities analytics firm, said Egypt is expected to buy 1.5 to 1.7 million tonnes of U.S. wheat in 2018-19. The firm said at least three […] Read more
High debt crushes agribusinesses in China
Observers say the government would likely buy companies if they were overwhelmed by high debt and capital shortages
Reports are surfacing that China’s agribusiness sector is in deep financial trouble. “Debts are suffocating many agribusiness companies in rural China as shortages of working capital force closures and bankruptcies,” according to a recent blog on the Dim Sums website. The anonymous blog, which claims to be bringing clarity to a murky Chinese economy, said […] Read more
Asian customers flock to buy spring wheat from Canada
BRANDON — Canada’s spring wheat is a hot commodity on world markets this winter. With some exporters short on crop and others tied up with trade snags, Western Canada’s farmers have been happy suppliers to Asia. “Those countries that are looking for high protein wheats, especially as blends, they really are looking to Canada and the […] Read more
Palm challenges could alter veg oil market
Dry weather in Brazil and forecasts for rising palm oil prices are providing modest support for the oilseed market. Uncertainties about trade with China remain a wild card, but the fundamental supply and demand situation is shaping up better than it has been for a while. Dry weather is shaving down Brazilian soybean forecasts. A […] Read more
Exchange rates can have major impact on farm margins
Few farmers think much about hedging their currency exposure. It can seem like an indirect factor in most farm-related prices, but it’s well worth considering. “It can have a huge impact on what you sell your grain for in the cash market,” Dustin Gabor, an analyst known as Grain Shark, told me at Manitoba Ag […] Read more
Canaryseed prices likely to stay on low side
Analyst also doesn’t expect a big change in prairie acreage, although a lack of data can make predictions tricky
Canaryseed acres are remaining similar to previous years, including the big production season of 2013, when the weather favoured the crop. However, yields since 2013 haven’t been as abundant, and supplies can tend to be tricky to read because of a lack of hard data about the production side of the crop. Chuck Penner, the […] Read more
