Ritz focused on barley appeal

(Resource News International) — While not ruling out other options to remove the Canadian Wheat Board’s single-desk marketing powers for Prairie barley, the federal government for now is focused on a court appeal toward that end. The government is focusing its attention on an appeal of a decision by a Federal Court judge, which cancelled

Little effect seen from EU grain tariff suspension

(Resource News International) — The move by the European Union to suspend import tariffs on most cereals for the rest of the 2007-08 marketing year will not open the door for increased Canadian wheat and barley shipments, a spokeswoman for the Canadian Wheat Board said. “What we are selling to Europe in terms of wheat


WCE close: New highs set in canola

(RNI) — Canola futures at the Winnipeg Commodity Exchange finished Friday’s session firmer with a number of months establishing new contract highs. Gains were influenced by the sharp advances posted in the Chicago Board of Trade (CBOT) soybean complex and from steady demand, market watchers said. WCE feed wheat and western barley futures were steady

WCE close: Canola moves down on hedging

(RNI) — Canola futures at the Winnipeg Commodity Exchange finished Thursday’s mainly lower after starting the day off on a mostly firmer footing. The closure of Chicago Board of Trade (CBOT) markets for U.S. Thanksgiving resulted in a number of market participants taking to the sidelines. Some support across the board came from light commercial


Canola supply projections vary widely

(Resource News International) — Supplies of Canadian canola at the end of the 2007-08 crop year are expected to either be very tight or ample, with the opinion varying significantly from individual to individual. Projections for Canada’s canola carryover in 2007-08 ranged from as tight as 1.1 million tonnes to as high as 1.9 million.

Cattle values seen holding steady

(Resource News International) — Cattle prices in Western Canada are seen as likely to continue trading at current levels unless two key fundamentals change. “In order for cattle prices in Western Canada to improve the industry will need to see two of the main fundamentals change, especially if we are looking at feeders,” said Bart


WCE close: Domestic demand boosts canola

(RNI) — Canola futures at the Winnipeg Commodity Exchange finished Wednesday’s session on a firmer footing with a number of new highs established. Gains in canola were fueled by chart-related buying and strong demand from the domestic sector, market watchers said. WCE feed wheat and western barley futures were mixed with some of the weakness

WCE close: New highs for canola

(RNI) — Canola futures at the Winnipeg Commodity Exchange finished Tuesday’s session on a firmer footing with a number of new highs established during the session. Strength was associated with fresh demand and the advances posted by the Chicago Board of Trade (CBOT) soybean complex, market watchers said. WCE feed wheat and western barley futures


WCE close: Crusher/fund demand lifts canola

(RNI) — Canola futures at the Winnipeg Commodity Exchange finished Monday’s session mainly higher, with weakness in the Canadian dollar and steady domestic crusher demand generating much of the upward price action, market watchers said. WCE feed wheat and western barley futures were steady to slightly weaker. Canola futures were mostly higher with good commercial

WCE close: Hedging erases canola gains

(RNI) — Canola futures at the Winnipeg Commodity Exchange (WCE) finished Friday’s session lower after trading at higher levels for the bulk of the day. Support in canola had stemmed from fresh export demand and the strength displayed by CBOT soybean complex values, market watchers said. Pre-weekend hedge selling, as well as light bouts of