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Fundamentals, trade fights help hold canola rangebound

StatsCan’s production report from space has little impact

The ICE Futures canola market continued to chop around unchanged during the week ended Sept. 21, buffeted by a conflicting mix of trade wars, weather issues, spillover losses in soybeans and harvest pressure. The $50-per-tonne level seems like a distant memory these days, as canola was content to hang above the $485 mark in the

Canola gets technical support against USDA production data

Canola gets technical support against USDA production data

Crush margins have slipped to historically low levels

The ICE Futures canola market suffered losses during the week ended Sept. 17, but the front-month November contract enjoyed some technical support, which allowed it to stay above the key $490-per-tonne mark. The main item dominating the headlines was a bearish production report from the U.S. Department of Agriculture that weighed down oilseed markets in

(Lisa Guenther photo)

CBOT weekly outlook: Spec selling pressures corn, soy

CNS Canada — A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture

Statistics Canada’s model-based report is based in part on data from sensors on the U.S. National Oceanic and Atmospheric Administration (NOAA) series of satellites. The Normalized Difference Vegetation Index (NDVI), shown here for Sept. 16 over an NOAA satellite map of North America, is used to gauge surface vegetation content. (

Canola, wheat crop size hiked in StatsCan’s view from space

CNS Canada — Statistics Canada raised its production estimates for most crops across Western Canada in its latest report released Wednesday. Unlike traditional StatsCan reports using information gathered from phone surveys, the model-based report was based in part on coarse-resolution satellite imagery collected during the month of August. The model-based report has only been in

(Deyana Robova photo/iStock/Getty Images)

Canadian hog prices on rebound

CNS Canada — Improving trade relations and the emergence of swine fever in China have made their presence felt on the Canadian hog market. Weekly signature No. 5 base slaughter weight cash hog prices averaged $117.83 per 100 kg as of Friday, up by roughly $15 over the past two weeks. Those numbers are a

Cattle volumes on lighter side as fall run draws near

Cattle volumes on lighter side as fall run draws near

Dry weather and a dearth of truckers weigh on producers

As the cattle market gears up for the annual fall run, producers in Manitoba are grappling with dry pastures and looming transportation issues. “The pasture issues are extremely serious; we’re bordering in some regions on drought conditions and have been for the past two to three weeks,” said Rick Wright of Heartland Order Buying Co.

StatsCan data lifts, U.S. soy drags on canola futures

StatsCan data lifts, U.S. soy drags on canola futures

Trade talks add volatility on the Canadian dollar

Canola futures found themselves in a sea of volatility during the week ended Aug. 31 as trade negotiations, an improving weather situation across Western Canada and a key report by Statistics Canada took turns pulling futures up and down. The government agency, in its Aug. 31 report, estimated Canadian canola production at 19.2 million acres,