Canola futures on the ICE Futures Canada trading platform strengthened during the week ended June 22, with gains spurred on by the weather issues in the U.S. Soybean Belt. Fresh Canadian canola export sales to China helped to influence the price advances, as did steady demand from the domestic processing sector. Concern over flooded-out canola
Rained-out Saskatchewan canola fields support futures
Fuzzy ending stocks picture supports canola values
Canola prices at the ICE Futures Canada trading platform closed the week ended June 8 on a firmer footing. Canola was underpinned by the need of domestic processors to cover nearby commitments and by the general strength displayed by the Chicago soybean complex. Growing concern about the tight global oilseed ending stocks picture, for this
Canola price trend hits backwash of lower demand
Canola futures on the ICE Futures Canada platform lost some value during the week ended June 1. Losses in the CBOT soybean complex helped to fuel some of the downward price slide, as did sentiment that canola had become overpriced and was in need of a correction lower. Macroeconomic issues were again a big feature
Ont. wheat harvest to begin earlier than normal
The harvest of Ontario’s winter wheat crop is expected to begin a bit sooner than normal, given that the crop broke dormancy earlier than usual this spring, and amid generally favourable weather conditions since. "The winter wheat harvest in Ontario generally never starts in June, but there is a good chance the combines will be
Grass cattle prices resist buyers’ expectations
The number of cattle moving to auction yards in Manitoba continued to decline during the week ended May 25, but values for the animals marketed held steady and firmed a bit in some cases. The Victoria Day holiday on May 21 helped thin out the marketings of cattle, as did the need of farmers to
Good crop emergence seen in Alberta
Favourable weather conditions have aided seeding operations in Alberta as well as crop emergence, according to a provincial crop specialist. Seeding of various grain, oilseed and pulse crops is now complete in the southern regions of Alberta, 95-100 per cent done in central areas, roughly 80-85 per cent complete in the northeast and 70-75 per
U.S. cash market helps firm up Man. cattle prices
Marketings of cattle at Manitoba auction yards during the week ended May 18 were noticeably lighter as producers turned animals onto fields for grazing and as their focus turned to the task of spring planting. “The numbers are coming down. Producers are starting to get out in the fields and are starting to seed,” said
Chinese demand for canola to remain strong
Chinese demand for Canadian canola will remain strong during the upcoming 2012-13 crop year, according to a government analyst. There is the potential for Canada’s shipments to China to rise further but that will depend on how successful recent visits by Canadian officials were in removing restrictions imposed on Canadian canola imports over blackleg concerns.
CWB’s PROs for wheat/barley unchanged
The Canadian Wheat Board has left unchanged its March price projections for wheat and barley that will be delivered by western Canadian producers during the 2011-12 crop year. Durum values were raised by C$1 to C$3 per tonne with the increase dependent on the grade and class. The CWB linked the increase in durum to
Canola contracts weaken on Chicago soybean sell-off
Canola contracts on the ICE Futures Canada platform experienced some significant losses during the week ended May 11. The sharp sell-off in the CBOT (Chicago Board of Trade) soybean complex helped to encourage the downward price slide, as did renewed macroeconomic issues, which triggered some aggressive liquidation of long positions by speculative fund accounts. The
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