CNS Canola futures on the ICE Canada platform suffered some significant losses during the week ended November 2 with the declines associated with market participants bailing out of long positions. The taking of profits accounted for a portion of this selling, but the inability of technical support to hold in a number of contracts, prompted
Super-storm Sandy and presidential speculation
Demand for Prairie mustard improves
A pickup in export demand and a tightening supply outlook have resulted in some improvement in values paid for yellow mustard in Western Canada — but prices will need to increase substantially if end-users want farmers to consider growing the crop next spring. "We’ve seen a small jump in the bids for yellow mustard as
Short canola supplies force buyers to be creative
There has been little uptake in new milling wheat, durum and barley contracts, which puts their futures in doubt
Steady demand provided canola futures on the ICE Canada platform with plenty of support during the week ended Oct. 26. Much of the demand was associated with the emergence of fresh Chinese buying interest, with at least three cargoes of Canadian canola purchased by the country. There were hints that additional sales were made, butICE remains optimistic on Prairie wheat, durum, barley
Milling wheat, durum and barley futures contracts on the ICE Futures Canada trading platform have failed to attract any kind of significant trading interest but officials with the exchange remain optimistic that the contracts will become viable risk management tools. Activity in the milling wheat, durum and barley contracts on the Winnipeg-based exchange’s platform has
Reports confirm expectations of tight canola supplies
The threat of tighter-than-anticipated supplies kept canola futures on the ICE Canada platform on a firm note during the week ended Oc. 19. Talk of fresh export demand and the general firmness of CBOT soybean futures also encouraged the price advances in canola. Domestic processors also continued to be good buyers of canola during the
Canola export outlook changes amid production shortfall
Canadian canola exports during the 2012-13 crop year were expected to come in at a record-high level — but smaller-than-anticipated production is now predicted to dim those prospects. Agriculture and Agri-Food Canada, in its September supply/demand outlook, had forecast Canada’s 2012-13 canola export program to come in at a record 8.701 million tonnes, with Japan,
Prairie winter wheat crop off to fairly good start
The early harvest of grain and oilseed crops in Western Canada allowed for increased seeding of winter wheat and for the crop to get off to a good start, according to industry participants. "The opportunity to increase the seeded area to winter wheat on the Canadian Prairies was there this fall," said Bruce Burnett, a
Yields seen disappointing as Alta. harvest continues
Harvest activities in Alberta have been moving forward at a quick pace, but yields to date have been disappointing, according to a provincial crop specialist. The harvest of barley in Alberta was said to be roughly 70 per cent done, pulses 80-90 per cent complete, wheat about 10 per cent finished and canola in the
StatsCan sees tight canola stocks, new-crop demand threatened
Canola supplies on-farm and in commercial position at the end of 2011-12 are seen as being on the "extremely tight" side — and market watchers say that will make it more difficult for exporters and domestic processors to meet targets moving forward. The canola ending stocks figure, in data released Friday by Statistics Canada for
StatsCan expected to confirm tight canola stocks
Statistics Canada will release its grain and oilseed stocks in all positions report on Friday, which will help finalize supply/demand tables for crops produced during 2011-12. Market participants will be looking to see if there have been any adjustments to production by the government agency, and how tight canola stocks have become. "The important numbers
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