Canola futures on the ICE Futures Canada trading platform continued its slow but steady upward trek during the week ended Feb. 1. Strength in the futures contract was maintained by the need to ration the tightening canola supply situation in Western Canada. There has not been any kind of let-up in the need to cover
Efforts to ration demand support canola futures
Canola crush margins decline, no slowdown in demand
Processors in Canada continue to pay some pretty big sums in order to entice farmers to deliver canola to their doors, but in doing so profit margins have taken a turn for the worse. "Based on my calculations, crush margins for canola dropped to their lowest level in six years during Thursday’s session to just
ICE’s canola futures climb higher on lower loonie
The unexpected downfall in the value of the Canadian dollar helped canola futures on the ICE Futures Canada trading platform push upward during the week ended Jan. 25. The weak Canadian unit had the benefit of sparking some aggressive buying from both the domestic and export sectors. As if by cue, there were unconfirmed reports
Canola stocks key in upcoming StatsCan report
Market participants will be monitoring a Statistics Canada report due out next week to confirm aggressive canola use to date and expectations for tight supplies at the end of the crop year. StatsCan will release its updated grain stocks in all positions report on Tuesday (Feb. 5) for inventories of the various crop commodities at
ICE remains hopeful on wheat, barley contracts
ICE Futures Canada remains fairly confident that the milling wheat, durum and barley futures contracts on its trading platform will remain viable risk tools. Thus, the Winnipeg-based exchange is willing to give those contracts some additional time to catch on with market participants. The milling wheat, durum and barley contracts on the ICE Canada trading
Crushers aim to coax canola from farmers’ bins
Canola futures on the ICE Futures Canada platform continued their slow trek to higher ground during the week ended Jan. 18, with strong demand from the domestic and export sectors fuelling the rally. Some spillover from the gains in Chicago soybeans contributed to the strength. Concerns about tight canola ending stocks further lifted the commodity.
Wheat, barley acres seen up, canola down in 2013
Agriculture and Agri-Food Canada expects farmers in Canada to increase the area seeded to all wheat and barley in the spring of 2013, as area seeded to canola and most other crops posts a small decline. The federal agriculture department’s Winnipeg-based market analysis group on Tuesday released its first look at planting decisions for the
Crushers continue to aggressively seek canola
Crush margins for processors in Western Canada have been continuing to grind slightly lower the past couple of weeks, but the effort to secure canola supplies from farmers by this sector continues to remain aggressive, according to industry participants. "Based on my calculations, crush margins for canola are currently in the $56 per tonne range,
Analyst predicts loonie to stay strong but not soar in 2013
The Canadian dollar should stay strong and level in the coming year, predicts a Toronto-based currency analyst. The loonie may see a slight rise in the coming weeks before levelling off, says Camilla Sutton, a currency strategist with Scotia Capital. “While the currency markets have been driven recently by the fiscal cliff situation in the
Prairie cash barley bids ease as demand wanes
Cash bids for farmers delivering feed barley in Western Canada have begun to ease as demand begins to wane, according to industry participants. Some of the decline in values is reflecting the fact that feedlot demand on the Prairies has begun to drop off, said Jerry Klassen, manager of GAP SA Grains and Produits in
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