There are simply too many bearish factors that continue to weigh on canola values, leaving the oilseed unable make any sort of turnaround in early May, according to Tony Tryhuk of RBC Dominion Securities in Winnipeg.
ICE Canada Weekly: Almost no chance of bullish path for canola
CBOT weekly outlook: May futures winding down, coming rains factor into prices
As the last full of week of April is set to wind down, two factors will determine the course of United States soybean, corn and wheat futures. Those are the rain forecast for the weekend of Apr. 27 and 28, and last day for May futures on Apr. 26, according to hedging strategist Scott Capinegro of AgMarket.net.
AAFC makes a few tweaks in Apr S&D report
Agriculture and Agri-Food Canada made a small amount of changes in its April supply and disposition report released on Apr. 19. Of the changes made, nearly all were slight adjustments to its pulse and special crop numbers.
Feed Grain Weekly: Prices in holding pattern for now
With farmers across Western Canada getting ready to plant their crops or they have already made a few rounds in the field, feed grain prices across the Prairies remained in a holding pattern, according to Jerry Klassen of Resilient Capital in Winnipeg, Man.
Prairie Wheat Weekly: Weaker loonie generates increases
There were small to modest gains in wheat prices on the Canadian Prairies for the week ended Apr. 18. Canadian Western Red Spring Wheat, Canada Prairie Red Spring Wheat, and Canadian Western Amber Durum made advances despite losses in the United States wheat complex.
USDA, Conab widely differ on Brazil soybeans
There’s a rather wide difference between the United States Department of Agriculture and its Brazil counterpart, Companhia Nacional de Abastecimento (Conab) when it comes to Brazil soybeans.
Canola prices fall, but still remain rangebound
High drought risk could kickstart the canola market this summer
Canola took a tumble to close out the week ended April 11, pressured by losses in Chicago soyoil and other oilseeds. The old crop May canola contract fell back from the week’s high of $643.10 per tonne at the close on April 5, and fell to $624.30 on April 11. Declines for the new crop
Pulse Weekly: More dry beans for Manitoba
Planted dry bean acres in Manitoba are expected to increase for 2024/25. While Statistics Canada projected the Keystone Province to see 201,000 acres, a specialist with Manitoba Agriculture said those acres are likely to be a little bit below the StatCan estimate.
Cattle prices hold firm at Manitoba auction marts
Auction marts expect spring slowdown to begin soon as temperatures rise
Cattle sales at Heartland Livestock Services’ Brandon facility remain steady, according to manager Brad Delgaty. Brandon was one of six Manitoba auctions open during the week of March 29 to April 4. Winnipeg Livestock Sales was closed for Good Friday, as was the Killarney Auction Mart on Easter Monday. Delgaty said sharp declines last week
ICE Canada Weekly: Canola looking to S&D report for direction
While the start of the week of Apr. 8 saw canola futures on the Intercontinental Exchange trade in a very narrow range, broker Jamie Wilton of RJ O’Brien in Winnipeg said that could soon change.
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