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ICE canola contracts down after China news

By Ashley Robinson, Commodity News Service Canada WINNIPEG, Dec. 13 2018 (CNS Canada) – ICE Futures canola contracts are weaker at midday Thursday, following the lead of the soy complex. The United States Department of Agriculture confirmed this morning that China did in fact buy U.S. soybeans yesterday; however it wasn’t as much as traders […] Read more

Western Canadian wheat bids rise with U.S. futures

March wheat futures climbed by about one to three per cent on the week

Wheat bids in Western Canada were up for the week ended Dec. 7, as strength in U.S. futures provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up $5-$7, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged […] Read more

Blowback from Chinese CEO’s arrest may drag on markets

New data from StatsCan might (or might not) support canola

ICE Futures canola contracts moved higher during the week ended Dec. 7, although whether that trend continues is questionable. A rally in Chicago Board of Trade soybeans Monday morning (Dec. 3) provided the initial spark for a move higher in canola, as participants reacted to news of a tentative trade truce between the U.S. and […] Read more

Global Markets: Apple expanding U.S. manufacturing

The following is a glance at the news moving markets in Canada and globally. There is concern from exporters in Canada that business could be affected by the ongoing Huawei drama. Professionals in the agriculture, lumber, banking and luxury goods industries are concerned their business dealings with China could fall victim in retaliation. China imported […] Read more

Canadian Dollar and Business Outlook

By Commodity News Service Canada WINNIPEG, Dec. 13 (CNS Canada) – The Canadian dollar down Thursday morning following losses in oil and gold. At 8:48 CST Thursday morning the Canadian dollar was at US$0.7478 or C$1.3369, which compares with Wednesday’s North American close of US$0.7493 or C$1.3346. Concerns are rising that China could target Canadian […] Read more

ICE canola weakens with soybeans early Thursday

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Dec. 13 (CNS Canada) – ICE Futures canola contracts were weaker Thursday morning, taking some direction from Chicago Board of Trade soybeans and soyoil. Reports that China was purchasing United States soybeans once again should be supportive for the oilseeds. However, a ‘buy the rumour, sell the […] Read more


Opinions differ on quinoa prices in 2019

CNS Canada — There are opposing views on what will happen with Canadian quinoa prices in 2019. One buyer believes the specialty crop will increase a few cents per pound; another believes the price will slightly decrease in the New Year. Dan Boulton of NorQuin at Saskatoon said there is a world shortage of quinoa, […] Read more