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Canola futures see support despite bearish carry-out

July canola slips on strength in the Canadian dollar

Canola futures took a step back during the week ended April 13, weighed down by strength in the Canadian dollar. Traders began exiting the ICE Futures Canada May contract and securing more favourable positions. While the July contract fell $11.30 on the week, to $526 a tonne, it still showed independent strength given the bearish […] Read more

Cows herded in to holding pen

Lukewarm buyer interest weighs on cattle prices

Traders are mindful of expectations for large supplies

Cattle prices stayed under pressure at auction marts across Manitoba during the week ended April 6. Bids were mostly similar to the previous week for steers and heifers; a little more interest may have been paid to cows. “A lot of cows in Western Canada are coming to market now,” said Anne Wasko, a market […] Read more

Canola rises on USDA’s soybean acreage outlook

CBOT corn futures followed a track similar to soy

ICE Futures Canada’s May canola futures posted light gains during the week ended March 29, generally hanging in a recently established range of $520-$525 per tonne. Supportive chart signals helped keep canola aloft to start the week. It was somewhat bumpy for futures, though, as the spectre of a large carry-out and expectations for a […] Read more

Argentina’s late rainfalls drag on oilseed futures

Snows on the Prairies weigh on canola’s price outlook

ICE Futures Canada canola contracts held above the $520-per-tonne mark during the week ended March 26, as speculative buying helped offset the bearish influence of rain in South America. From March 16 to March 23, canola lost $2.50 to end Friday at $520.60 per tonne. The week started off with a thud, as beneficial rains […] Read more

Action resumes at auctions after snowstorm passes

U.S. buyers show renewed interest in feeder cattle

The week ended March 16 was busier for cattle sales across the province, as none of the major outlets had to deal with poor weather. A snowstorm the previous week snowed in many outlets and ranchers were forced to dig out before transporting any cattle. As a result, many yards were busier than normal this […] Read more

U.S. soybean stocks ground high-flying canola futures

A dump of snow over the Prairies also put prices in flux

Canola contracts on the ICE Futures Canada platform soared to their highest levels in months during the week ended March 9, but ultimately fell back to earth after the U.S. Department of Agriculture hiked its estimate for U.S. ending stocks of soybeans. The agency pegged the carry-out at 555 million bushels, about 25 million bushels […] Read more

Cattle arrive at market carrying more poundage

Auction markets now see demand coming from the U.S.

The effects of this winter’s cold temperatures are starting to become evident as cattle in Manitoba seem to be showing up at auctions weighing slightly more than last year. “Cattle eat well in the cold and they eat more when it’s cold,” said Allan Munroe of Killarney Auction Mart. Last year’s winter was difficult on […] Read more

Pressure on the loonie helps lift canola futures

Conditions in South America add a weather premium

Contracts on the ICE Futures Canada canola complex continued to strengthen during the week ended Feb. 23, as weather issues in South America and action in the Canadian dollar underpinned the market. Traders were rolling out of the March contract and into May, resulting in a flurry of spread action during the week. The tilt […] Read more


Cattle prices supported on interest from Ontario

Cattle volumes increased at Manitoba auctions on the week

It was a surprisingly busy week for Manitoba auction marts during the week ended Feb. 16, as over 9,000 animals made their way to market, up from just 7,700 the week before. “We saw some good volume this week,” said Rick Wright of Heartland Order Buying Co. “Everyone was up.” Strong interest from eastern buyers […] Read more

Canola rides out turbulence in world financial markets

A lower loonie lent support to Canadian canola demand

It was a turbulent week for world financial markets but canola shrugged off much of the volatility and held firm, thanks in large part to weakness in the Canadian dollar. In fact, the market even showed a bit of bullishness as the front-month March contract broke through the psychologically important $500-per-tonne mark during the week […] Read more