Markets
Winnipeg – ICE Futures canola contracts settled with small gains on Wednesday, after trading to both sides of unchanged in choppy activity. Advances in Chicago Board of Trade soybeans and soyoil provided some spillover support for canola, while nearby technical signals were also said to be pointing higher. However, canola already moved higher on Tuesday, […] Read more
Markets
Canola, wheat all up
Canola makes small gains
Nudged upward by soybean markets, canola made small moves to the upside on the ICE futures market today. Gains yesterday were retained, but soy narrowed the small gap yesterday’s trading opened up between the two commodities. Both oilseeds benefited by continued dry conditions for the South American crop overall and weather forecasts for Brazil’s Mato […] Read more
Canola stronger, wheat mixed
Winnipeg – ICE Futures canola contracts were stronger on Tuesday, seeing a correction after Monday’s declines. Weakness in the Canadian dollar contributed to the gains, as the currency dipped below 75 U.S. cents. A firm tone in Chicago Board of Trade soyoil was also supportive, although losses in soybeans did put some pressure on values. […] Read more
Canola holds despite China worries
Winnipeg – The ICE Futures canola contacts finished the day stronger, despite continuing concerns about China. There is ongoing concern from traders that China/Canada relations are affecting canola exports, with China lowering purchases. The latest Canadian Grain Commission data this morning showed canola exports are at 4.628 million tonnes, down from 5.057 million tonnes at […] Read more
Lower dollar boosts canola
Winnipeg – The ICE Futures canola contacts finished the day stronger, finding support from a weaker Canadian dollar. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all stronger. Soyoil contracts were up sharply, which was supportive for canola contracts. There is still concern though about China/United States relations. While China has confirmed […] Read more
Container shipments now tracked
The Canadian Grain Commission has taken a step toward addressing one of the shortcomings of its monthly grain export report. It used to be that the commission published data only on bulk exports, but recently it started tracking and reporting containerized grain shipments. “It is part of a round of improvements that were made at […] Read more
Tight year ahead for crop profitability
It looks like a year of marginal profitability for Manitoba farmers. Based on current costs, average yields and present forward prices for the big five crops, farmers should be able to squeeze a bit more money from their acres than it costs to farm them, according to Manitoba Agriculture’s Farm Management team. “I really hope […] Read more
Modest increase expected in U.S. winter wheat acreage
Given that wheat has been one of the better performing grain markets in the past year, it should not be a big surprise that the trade expects United States winter wheat acreage to halt the precipitous declines of recent years. The U.S. Department of Agriculture was to release its annual winter wheat seeding report along […] Read more
Brazilian soy estimates continue to slide
Dry weather has set back the country’s soybeans with some analysts forecasting a crop as small as 96 million tonnes
Analysts are casting doubt on the Brazilian government’s soybean production estimate. Conab, the government’s food supply and statistics agency, recently issued a forecast for 118.8 million tonnes of production, only slightly smaller than last year’s record 119.4 million tonnes. The forecast put a damper on the soybean market, which was expecting a much bigger decline […] Read moreViterra offers online grain contracting program
It’s easy and you can do it anywhere, any time. That approach seems to be working for the farmers who have tried Viterra’s new online grain contracting program, the company says. “We’re seeing contracts done daily, which is exciting,” Jeff Cockwill, Viterra’s director of corporate affairs, said about the new entirely online function within its […] Read more
