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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 […] Read more

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 […] Read more

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. […] Read more

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, […] Read more

Current strength in cattle prices not expected to last

Producers face early sales due to short supplies of feed

Cattle prices in Manitoba continued to hang strong during the week ended Aug. 17, as producers grappled with growing feed problems and persistent smoke from fires in British Columbia and Ontario. Volumes remained seasonally low, but one market watcher noted activity at online auctions was brisk. “When you look at video sales there are more […] Read more

Canola finds independent strength against soybeans

The switch from Winnipeg to New York weighed on volumes

Canola futures held up surprisingly well during the week ended August 10 as a heat wave in the Canadian Prairies overpowered the bearish effects of a U.S. Department of Agriculture report that predicted a record soybean crop in the U.S. ICE’s front-month November canola contract closed on Friday, Aug. 10 at $504.90 a tonne, over […] Read more

Bags Of Money On A Farm Field

Canola bid continues to see gains

Slow sales from farms and weather issues are causing the market to tick upwards

ICE Futures canola contracts chalked up gains during the week ended August 3, underpinned by concerns about excess dryness in Western Canada. Southwest Saskatchewan and southern Alberta are both in need of more rain as crops there remain under heat stress. Temperatures are expected to stay hot during the first week of August. This has […] Read more

Cows herded in to holding pen

Manitoba cattle markets stay steady

Prices are showing surprising resilience against seasonal slumps

The cattle market in Manitoba continues to show surprising strength as higher feed costs and a seasonal slowdown in sales haven’t caused a serious setback in prices. Volumes were light but ranchers still managed to find enough animals to take to market. Feeder cattle in Manitoba weighing 700 pounds and under averaged around $200 per […] Read more

Western Canada’s wheat bids gain with U.S. futures

September MGEX, CBOT and K.C. wheat rose by between three and four per cent on the week

Hard red spring wheat bids in Western Canada generally moved higher in most locations during the week ended July 20, tracking gains in the U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $9 per tonne in northwestern Saskatchewan but up by $9-$11 per tonne in most […] Read more

Bargain buying of U.S. soy supports ICE canola futures

Corn relatively unchanged on U.S. biofuel policy turmoil

It was a bumpy ride for the ICE Futures Canada canola market during the week ended July 6. The aftermath of a bearish acreage report by Statistics Canada on June 29 gave way to trepidation on Friday, when Chinese tariffs on U.S. soybeans finally kicked in. Traders sold off contracts in the days leading up […] Read more