Canola, soy poised to become ‘weather’ markets

The ICE Futures Canada canola market had an up-and-down week, with very quiet activity some days. Overall, prices were down compared to the week prior due to weakness in outside oilseed markets. Strength seen in the Canadian currency earlier in the week was also a bearish force for canola, though it started to lose some[...]


Seeding conditions swaying markets from day to day

It was a fairly quiet period in grain and oilseed markets during the week ended April 10, with most futures prices moving lower amid a choppy spring pattern. The U.S. Department of Agriculture’s monthly supply-and-demand report was released April 9, providing some temporary direction for values, but the data was all for the 2014-15 crop[...]



Prairie wheat bids firm amid widening basis levels

Cash bids for Canadian wheat were mostly firmer during the week ended April 3. Strengthening U.S. futures were supportive, though basis levels widened in many regions. Prices are as of April 2, due to the Good Friday market closures on April 3. Average Canada Western Red Spring (CWRS) wheat prices were down $0.50 to up[...]



Canola pushes higher on U.S. soybean crop intentions

ICE Futures Canada canola futures moved $11 to $13 per tonne higher during the short week ended April 2, with markets closed for Good Friday on April 3. The advances seen in canola were mainly linked to a rally in the Chicago soybean market after the U.S. Department of Agriculture’s first survey-based acreage estimate of[...]




Fertilizer prices to level off before spring rally

North American fertilizer prices have been on the rise over the past month, but are expected to level off until the spring, when the market should see a seasonal rally, said Rick Rempel, vice-president of marketing for Western Canada with Agrico Canada Ltd. He said tight supply had contributed to the increase. “The supply of[...]