Weather pulling canola prices either way

As weather pandered to both sides of the markets this week, there wasn’t much change to canola values. There was something of a balancing act between dry conditions continuing to underpin values and significant rainfall on the Prairies providing pressure. For example, the November contract on June 4 closed at $763.60 per tonne, gaining nearly[...]


Fall cattle run numbers increase

The fall run is in full swing and the number of cattle heading to Manitoba’s eight livestock auctions continues to increase. “It’s going to be as busy as it ever is,” said Allan Munroe of Killarney Auction Mart, which had a sale Sept. 19 with 1,120 head. That’s up from 516 the previous week. Overall, there were[...]

Not the best week for canola

Old-crop canola ran into a tough week on ICE Futures with the nearby March contract retreating by more than $50 per tonne. Also, the May 2022 contract gave up over $40 per tonne while new-crop November remained relatively firm. Part of this pullback was that old-crop canola simply became too expensive when compared to other[...]



Canola remains the follower

Canola futures took a tumble at the end of this week as prices on the Chicago soy complex pulled back, with declines in European rapeseed and Malaysian palm oil adding to the mix. The Canadian oilseed demonstrated some independent strength as price rationing propelled values higher earlier in the week, but weakness in the other[...]